BANGALORE Jan 17 Wipro Ltd, India's
third-largest IT services exporter, reported a 27 percent rise
in quarterly net profit, topping estimates, bolstered by rising
demand from overseas clients.
Wipro also forecast revenues from its main IT services
business of $1.71 billion to $1.75 billion, or a growth of
between of 2 and 4 percent in the quarter ending March 31,
matching analysts estimates.
The company's consolidated net profit from continuing
operations for the three months ended Dec. 31 rose to 20.15
billion rupees ($327 million)from 15.9 billion rupees a year
earlier, Wipro said in a statement on Friday.
That compares with the 19.95 billion rupee mean estimate of
analysts surveyed by Thomson Reuters I/B/E/S.
($1 = 61.5600 Indian rupees)
(Reporting by Lehar Maan; Editing by Miral Fahmy)