Wipro has announced its second quarter numbers. It has reported Q2 net profit of Rs 822 crore as against Rs 814 crore, (US GAAP, QoQ).
Key takeaways from Wipro's concall:
Its revenues jumped by 7.5% at Rs 6,410 crore as against Rs 5,962 crore (US GAAP, QoQ).0
The company's IT services revenue stood at USD 1.11 billion versus guidance of USD 1.089 billion.
Forex loss at Rs 32 crore versus Rs 68.9 crore.
Operating margins at 15.9% versus 16.4%.
IT services revenues growth of 11%; IT services margins at 17.3% versus 17.9%.
Consumer care revenues growth of 2% QoQ; Margins at 10.7% versus 12.7%.
Onsite realisations up 1.9%; Offshore realisations up 1.8% QoQ.
Employee additions in Global IT services at 352 employees versus degrowth in Q1.
Total employee additions at 1877 employees versus 108 employees in Q1.
IT Services Revenue in dollar terms was USD 1110 million, a sequential growth of 4.0% (5.6% in constant currency) and YoY growth of 29%. In rupee terms, Revenue stood at Rs 47.50 billion (Rs 4750 Crores), a YoY growth of 36%.
IT Services revenues at USD 1,110 million, significantly ahead of company's guidance of USD 1,089 million.
PBIT for IT Services segment was Rs 9.96 billion (Rs 996 crores), a growth of 30% YoY.
IT Services business added 28 new clients during the quarter.
IT Products business recorded a 50% YoY growth in Revenues and 34% YoY growth in PBIT.
Wipro Consumer Care and Lighting business Revenue grew 42% YoY and PBIT grew 46% YoY.
The company expects IT Services business to be approximately USD 1,121 million for quarter ended December 31, 2008.
The company won 6 multi-dollar deals during the quarter.
