Wipro net up 27 percent in third quarter

Nation No Comments on Wipro net up 27 percent in third quarter 7

Bangalore, Jan 17 (IANS) Wipro Ltd reported net profit of Rs.2,015 crore for the third quarter (October-December) of this fiscal (2013-14), posting 27 percent year-on-year (YoY) growth as per the Indian accounting standard.

In a regulatory filing to the stock exchanges Friday, the IT bellwether said revenue for the quarter under review (Q3) rose 18 percent YoY to Rs.11,332 crore.

Under the International Financial Reporting Standard (IFRS), net income for the quarter was $325 million and revenue $1.8 billion, including $1.7 billion from its global IT services.

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