Wipro net up 18 percent in third quarter

In a regulatory filing Friday, the IT bellwether said its total revenue increased 10 percent YoY to 11,025 crore (Rs.110 billion) for the quarter under review (Q3).

As per the International Financial Reporting Standard (IFRS), net income is $313 million and gross revenue $2 billion.

The company's flagship global IT services and products business grew 4.8 percent YoY $1.6 billion, which is 2.4 percent higher sequentially.