Wipro net profit jumps 10 pct
Wipro, India's third-largest software exporter, said a deluge of outsourcing orders helped the company see its third-quarter jump 9.6 percent.
Consolidated net profit for the October-December period was 13.19 billion rupees ($290.5 million) compared with 12.03 billion rupees a year earlier.
Revenue rose a little more than 12 percent to 78.29 billion rupees from 69.77 billion rupees a year earlier.
The results were slightly below expectations with Wall Street expecting a net profit of 13.22 billion rupees on revenue of 80.25 billion rupees.
The figure includes revenue from information technology services, IT products, consumer care and the company's lighting business.
Looking forward, Wipro expects IT services revenue to be between $1.384 billion and $1.411 billion for the quarter through March.
The company uses international accounting standards.
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