Wipro's Q3 net profit up 2%, meets estimates

Software services exporter posts Rs 2,234 crore as net profit against Rs 2,193 crore earlier

Wipro, India's third-largest software services exporter, reported third-quarter profit in line with analysts’ estimates.

Revenue from its IT services business rose 9% to $1.86 billion and the company said it expected this segment’s revenue to come in between $1.88 billion and $1.91 billion for the fourth quarter ended March.

Wipro's net profit for the third quarter ended December 31 was Rs 2,234 crore ($330.2 million), compared with Rs 2,193 crore a year earlier. Analysts expected a profit of Rs 2,223 crore, according to Thomson Reuters.