Wipro Q3 net profit up 27 percent, beats estimates

Tags: Wipro, Companies
Wipro Ltd, India's third-largest IT services exporter, reported a 27 percent rise in quarterly net profit, topping estimates, bolstered by rising demand from overseas clients.

Wipro also forecast revenues from its main IT services business of $1.71 billion to $1.75 billion, or a growth of between of 2 and 4 percent in the quarter ending March 31, matching analysts estimates.

The company's consolidated net profit from continuing operations for the three months ended December 31 rose to 20.15 billion rupeesfrom 15.9 billion rupees a year earlier, Wipro said in a statement on Friday.

That compares with the 19.95 billion rupee mean estimate of analysts surveyed by Thomson Reuters I/B/E/S.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • The big challenge before India now is to figure out the real China

    Sino-Indian relations come under a rather special category, as far as ties between two neighbouring countries go.

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Varun Dutt

Risks and effects of climate change

Research has shown that several people are aware of climate ...

Parvez Imam

Why we all have blood on our hands

What does the Jammu and Kashmir flood make us think? ...

Dharmendra Khandal

The peculiar possibilities of animal poop

You can tell a lot about an animal by its ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture