Wipro Q2 Net Profit Rises 24%

Wipro Ltd (NYSE: WIT) reported a 24% increase in its Q2 net profit.

Wipro's quarterly net profit rose to 16.11 billion rupees ($300 million), from INR13.01 billion, in the year-ago period.

Its sales climbed 17% to INR106.20 billion from INR90.65 billion. However, analysts were expecting a net profit of INR15.23 billion on revenue of INR108.42 billion.

Wipro shares closed at $8.61 yesterday.

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