Bangalore, Nov 2 (IANS): Wipro Ltd posted a net profit of Rs.1,611 crore (Rs.16 billion) for the second quarter (July-September) of this fiscal (2012-13), registering 24 percent increase year-on-year (YoY) over the same period last fiscal (2011-12).
In a regulatory filing Friday, the IT bellwether said total revenue rose 17 percent YoY to Rs.10,657 crore (Rs.106.57 billion) for the quarter (Q2) under review, according to the Indian accounting standard.
Under the International Financial Reporting Standards (IFRS), the net income is $304 million and the total revenue is $2 billion.
The company's flagship IT business revenue, however, increased marginally to $1.54 billion, registering 4.6 percent YoY and 1.7 percent sequentially under IFRS and by 23 percent YoY to Rs.8,373 crore (Rs.83.7 billion) under the Indian accounting standard.