Wipro has posted a 18.76 per cent rise in the net profit at Rs 978.20 crore for the second quarter ended September 30, 2008, as compared to Rs 898.30 crore in the same period of previous year.

The company’s net sales increased to Rs 6519.60 crore for the quarter ended September 30, 2008, compared to Rs 5981.10 crore in the April-June quarter.

On a standalone basis, the IT firm's net profit in the last quarter were up by 56 per cent at Rs 852.50 crore in the July-September as against Rs 546 crore in the same period of the last year. Total income of the company rose to Rs 6,664.70 crore in the quarter under review, from Rs 4,883.60 crore in the year-ago period.

Commenting on the results, Wipro Chairman Azim Premji said, “The global economic environment has deteriorated significantly over the past couple of months, and our outlook is cautious in the near-term... However, we are confident on the resilience of our business model to tide over these challenging times.”