Software services provider Wipro has reported a 0.9 percent growth in consolidated profit at Rs 2,070.4 crore compared with Rs 2,051.9 crore in preceding period.
Consolidated revenue (including IT products business) increased 1.5 percent to Rs 13,896.8 crore in Q2 from Rs 13,697.6 crore in Q1FY17. IT services for the quarter stood at USD 1,916.3 million. Wipro expects its IT services revenue for October-December quarter in the range of USD 1,916-1,955 million.
According to analysts polled by CNBC-TV18, revenue was expected at Rs 12,910 crore and dollar revenue at USD 1,923.5 million for the quarter.
Wipro on Thursday has signed a definitive agreement to acquire Appirio, a global cloud services company, for a purchase consideration of USD 500 million. The acquisition is expected to be closed by December 2016. The scrip of Wipro, which announced earnings after market hours, closed 0.75 percent up at Rs 499.20 on the BSE.
