Wipro Q2 Results 2023

Read this story to learn about   Q2- highlights, performance, earnings, dividend updates, market performance, etc.,

Highlights of the Result

· Total revenue from operations:   ₹ 22,515.9 Cr · Profit before tax (PBT):                    ₹ 3,509.2 Cr · Profit after tax (PAT):                       ₹ 2,667.3 Cr

Performance Highlights

· Revenue dropped 0.1% Y-o-Y · Revenue from the IT services segment decreased by 2.3% · Total Contract Value of large deals jumped by 79% YoY

Operational Highlights

· IT Products segment revenue for Q2 FY 23-24 was ₹ 146.9 Cr with a loss of close to ₹ 47 Cr · The company’s total headcount, stood at 244,707 with attrition at 15.5%

Wipro’s stock fell by 1% to close at ₹ 407.50 on October, 18th 2023.

Stock Performance

Earnings Per Share (EPS)

EPS: The earnings per share (EPS) stood at ₹ 5.06, an increase of 4.1% Y-o-Y