Wipro Q2 net profit jumps 35% Rs 2,552 crore

but the unions did not accept it.

HAL Director (Human Resources) V M Chamola said the management had so far conducted 11 rounds of negotiations with the unions.

There were issues, including cafeteria allowances, which the management tried hard to negotiate, he said.

All-india HAL Trade Unions' Co-ordination Committee (AIHALTUCC) chief convenor Suryadevara Chandrasekhar on Tuesday rejected HAL'S charge that the employees'

agitation was illegal.

We had informed the management as well as the Labour Commissioner about it before going for a strike, he told reporters here. He also disputed HAL'S claim that wage revision had been effected twice in the past 12 years.

The revision did not take place twice since 2007 but was effected in two parts, he added.

The employees unions decided to continue their agitation unless an amicable solution was evolved, he added. BENGALURU: IT services giant Wipro Ltd on Tuesday posted 35% rise in consolidated net profit to Rs 2,552.7 crore for the second quarter ended September 30.

The company had registered a net profit of Rs 1,889 crore in the year-ago period.

Its total income for September quarter stood at 15,875.4 crore compared to 15,203.2 crore a year ago. The Bengaluru-based company's revenue came in 4% higher year-onyear at Rs 1,51,25.6 crore.

Wipro has guided for 0.82.8$ sequential growth in IT service revenue for December quarter, saying revenue from that business is expected to be USD 2,065-2,106 million. For the just concluded quarter, the company's IT services segment revenue was at USD 2,048.9 million, an increase of 2.5% year-on-year, a Wipro statement said.

The operating margin for IT services in the just-ended quarter improved year-on-year to 18.1%. The net income at Rs 2,552.7 crore, translated into 35.1% increase.