Wipro Ltd, India’s third largest IT services exporter, reported a 27 per cent 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 per cent 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 Rs 2,015 crore from Rs 1,590 crore a year earlier, Wipro said in a statement on Friday.
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