By Ronnie Harui
Wipro Ltd.'s net profit for the third quarter ended Dec. 31 rose 21% from a year earlier to INR29.7 billion ($406 million), thanks to strong performance on order booking, revenue and margins.
Wipro's net profit beat the estimate of INR25.56 billion from a FactSet poll of analysts.
Gross revenue for the quarter increased 1.3% to INR156.7 billion, the information technology company said Wednesday.
For the fourth quarter ending March 31, the company said it expects revenue from its IT services business to be between $2.10 billion and $2.14 billion, which translates to sequential growth of 1.5% to 3.5%.
Write to Ronnie Harui at ronnie.harui@wsj.com
(END) Dow Jones Newswires
01-13-21 0615ET