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IT sector | Wipro net profit falls short of forecast for September quarter as client spending dips

The company posted a consolidated net profit of Rs 2,667.3 crore in the second quarter compared with Rs 2,649 crore in the corresponding period of the previous year. Analysts had forecast a net profit of around Rs 2,900 crore

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Wipro to merge five subsidiaries with itself

Wipro Ltd, which on Wednesday announced that it closed the second quarter of FY24 with a lower revenue and after tax profit as compared to the previous year s corresponding period, also said it will merge five of its wholly-owned subsidiaries with itself

India
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Managing-director-thierry-delaporte
India-private-ltd

Wipro to merge five subsidiaries with itself

Wipro Ltd, which on Wednesday announced that it closed the second quarter of FY24 with a lower revenue and after tax profit as compared to the previous year's corresponding period, also said it will merge five of its wholly-owned subsidiaries .

India
Bengaluru
Karnataka
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