But the growth continued to be significantly lower than that of its peers, all of who announced their September results over the past few days. TCS was 5.4% (4.2% excluding the impact of its acquisition of Alti), Infosys was 3.8% and HCL was 3.5%.
The operating margin expanded by 2.5 percentage points to 22.5%, the highest in three years, on account of the sharp depreciation in the rupee value and improved operational efficiencies.
The company has guided for a sequential revenue growth between 1.77% and 3.6% for the third quarter ended December. The third quarter tends to be a slower quarter for IT companies because of more holidays and exhaustion of IT budgets. Given that, the guidance looks promising.
Wipro chairman Azim Premji said, "There are positive indicators on the global economy. Client confidence is on the uptick and we see it reflected in our results."
CEO T K Kurien said the company achieved broad based growth across all industry verticals and continue to focus on executing to our strategy.
CFO Suresh Senapaty said, "Our sustained execution towards increasing operational efficiencies coupled with currency benefits helped offset the impact of wage hikes, resulting in strong improvements in operating margins.
There was net negative hiring in the quarter, resulting in a total headcount of 147,216 that was slightly lower than that at the end of the June quarter. Employee utilization improved by about a percentage point.
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