Wipro beats street estimates with better Q3 numbers, revenue guidance muted

Separation of India unit, revenue flow from Alight deal lift bottom line, margins

A string of actions taken by Wipro in the last few quarters, including divestment of the data centre business and hiving off the India unit, seem to be paying rich dividends.

This has led to the company recording healthy growth in revenues and profitability in the third quarter of the ongoing fiscal year. The Bengaluru-headquartered company, however, sounds guarded with regard to its growth outlook as reflected in a seemingly conservative revenue guidance for the March quarter.
 

Also, the Wipro board approved an issue of bonus shares wherein shareholders will get one bonus share for every three shares held by them.
 

For the quarter ended