Wipro September quarter net profit inches up to ₹3,246.2 crore

IT services firm Wipro on Thursday reported a marginal increase in consolidated net profit to Rs 3,246.2 crore in the July-September quarter, even as company CEO and MD Srini Pallia asserted that the demand environment remains robust with discretionary spends shifting towards AI-related projects.

- OUR CORRESPONDENT

Deepening its AI bet, the Bengaluru-headquartered firm introduced Wipro Intelligence, a unified suite of AI-powered platforms, solutions, and offerings, to tap extensively into the space, where it sees opportunities in consulting and advisory.

Wipro had reported a profit (attributable to equity holders of the company) of Rs 3,208.8 crore in the year-ago period, according to a regulatory filing.

Revenue from operations for the quarter under review rose by 1.7 per cent to Rs 22,697.3 crore compared to the same period of the last year.

Sequentially, profit fell by 2.5 per cent while revenue rose 2.5 per cent.

“If you look at the demand, there are three opportunities that we have: One is vendor consolidation and cost optimisation for our clients. That clearly continues. Second, as new demand picks up, which is in AI, clients want to move away from proof of concepts to actually implementing AI and agentic AI across the business process ,and also workflows.