In line with its industry counterparts TCS and Infosys, the country’s third largest software exporter Wipro Ltd on Tuesday said its net profit for the quarter ended September ended 30 stood at Rs 1,162 crore, a growth of 19 per cent over the corresponding period a year ago when its profit was Rs 978 crore.
Total revenue grew 6 per cent to Rs 6,917 crore led by the IT services business that contributed Rs 4,996 crore, about 72 per cent of the overall income. Wipro added 37 clients during the quarter.
However, the company’s headcount was down from the previous quarter. Wipro said it had 97,891 employees at the end of September 30, 630 fewer than the quarter ago.
“We see more stability in volumes and pricing as well as an improving demand environment. Our broad portfolio of services and strong delivery excellence continues to position us as a partner of choice with customers, as they focus on capital conservation and cost transformation,” Azim Premji, chairman, Wipro, said in a statement on Tuesday.