Wipro Q3 profit up nearly 2%, meets estimates

Wipro Q3 profit up nearly 2%, meets estimates

Mumbai: Wipro Ltd, India’s third-largest software services exporter, reported 1.9% rise in its third-quarter profit in line with analysts’ estimates.

Revenue from its IT services business rose 9% to $1.86 billion and the company said it expected this segment’s revenue to come in between $1.88 billion and $1.91 billion for the fourth quarter ended March.

Wipro’s net profit for the third quarter ended 31 December was Rs.2,234 crore ($330.2 million), compared with Rs.2,193 crore a year earlier. Analysts expected a profit of Rs.2,223 crore, according to Thomson Reuters I/B/E/S.

 

Read more..                                                                                                                                                         Source by livemint…

About author