Wipro Reports Net Profit Of Rs 1,889 Crore In Q2, Misses Street Estimates

INSUBCONTINENT EXCLUSIVE:
Wipro said the enterprise business in India will remain in the IT services segmentIT major Wipro on Wednesday reported a net profit of Rs
The net profit for the second quarter of the current fiscal year fell short of expectation of a net profit of Rs 2,100 crore by 24 analysts,
news agency Reuters reported citing Refinitiv Eikon data.Revenue from operations stood at Rs 14,541 crore in the quarter ended September 30
corresponding period a year ago.Wipro said it will separate its PSU and government business from the IT services segment in the results for
the current quarter
0.7 per cent lower at Rs 307.10 apiece on the NSE, ahead of the earnings announcement by the company
The shares under-performed the markets, which moved higher after four consecutive days of losses.In a separate statement, Wipro announced
appointment of top banker Arundhati Bhattacharya as independent director to its board.(With agency inputs)