Wipro (NYSE: WIT) reported a 6.5% gain in its Q3 net profit.
Wipro’s quarterly net profit surged to 17.16 billion rupees ($317 million), from 16.11 billion rupees, in the year-ago period.
Its revenue climbed 3.5% to 109.89 billion rupees, versus 106.20 billion rupees. However, analysts were expecting a net profit of 16.19 billion rupees on revenue of 109.50 billion rupees.
For its IT services business, Wipro expects revenue of $1.59 billion to $1.63 billion for the quarter through March.
Wipro shares closed at $9.91 yesterday.
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Tags: profit
Posted in: Earnings, News, Guidance