Wipro Limited Announces Audited Consolidated Earnings Results for the Third Quarter and Nine Months Ended December 31, 2013; Provides Revenue Guidance for the Fourth Quarter Ending March 31, 2014
For the nine months, the company announced results from operating activities of INR 63,543 million compared to INR 52,832 million for the same period a year ago. Profit before tax was INR 72,079 million compared to INR 58,773 million for the same period a year ago. Profit for the period from continuing operation was INR 56,015 million compared to INR 45,834 million for the same period a year ago. Profit for the period was INR 56,015 million compared to INR 49,322 million for the same period a year ago. Profit attributable to equity holders of the company was INR 55,703 million or INR 22.62 per diluted share compared to INR 49,071 million or INR 19.96 per diluted share for the same period a year ago. Non-GAAP adjusted profit from continuing operations was INR 55,698 million compared to INR 45,595 million for the same period a year ago.
The company provided revenue guidance for the fourth quarter ending March 31, 2014. The company expects revenues from its IT Services business to be in the range of $1,712 million to $1,745 million including the revenues from the company's acquisition. Guidance is based on the exchange rates: GBP/USD at 1.63, Euro/USD at 1.37, AUD/USD at 0.92, USD/INR at 62.0.