Wipro Reports 10% Rise In Q3 Net Profit

Wipro Ltd WIT reported a 10% surged in its Q3 net profit. Wipro's quarterly net profit rose to INR14.56 billion, from INR13.19 billion, in the year-ago period. Its sales surged 28% to INR99.97 billion, versus INR78.29 billion Analysts were expecting a net profit of INR14.55 billion on revenue of INR97.20 billion. For the quarter through March, Wipro expects IT services revenue of between $1.520 billion and $1.550 billion. Wipro shares closed at $10.45 yesterday.