Wipro net up 18 percent in third quarter

Bangalore, Jan 18 (IANS) Wipro Ltd posted net profit of Rs.1,716 crore (Rs.17.16 billion) for third quarter (Oct-Dec) of this fiscal (2012-13), registering 18 percent year-on-year (YoY) as per the Indian accounting standard.

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.


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