Confirming a rebound in the country’s information technology Sector, Wipro Ltd posted a robust 21% year on year rise in its consolidated net profit for the third quarter on Wednesday. It painted an optimistic outlook for the quarter ahead aided by new markets and more hiring. Wipro expects it IT Services revenue to rise 3.6-5.4 percent in January-March from the previous quarter to $1.16-$1.18 billion.
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Total income of the company for third quarter stood at Rs 6966 crore which is a five percent rise compared to the same period in the last financial year. The consolidated net profit was Rs 1217 crore for the quarter. The company added 31 new clients to its IT Services business vertical during the quarter.
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