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Wipro Q3 profit up 2 pct, meets estimates

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Reuters MUMBAI

MUMBAI (Reuters) - Wipro Ltd, India's third-largest software services exporter, reported third-quarter profit in line with analysts' estimates.

Revenue from its IT services business rose 9 percent 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 Dec. 31 was 22.34 billion rupees ($330.2 million), compared with 21.93 billion rupees a year earlier. Analysts expected a profit of 22.23 billion rupees, according to Thomson Reuters I/B/E/S.

($1 = 67.6500 rupees)

(Reporting by Zeba Siddiqui in Mumbai; Editing by Gopakumar Warrier)

 

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First Published: Jan 18 2016 | 9:00 AM IST

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