Business

Wipro Q4 net profit up by 17% to Rs 1728.7 crore

  • Reuters
  • |
  • Updated: Apr 19, 2013 09:45 IST

Wipro Ltd, India's third-largest software services provider, reported a 16.7% rise in quarterly profit on Friday, joining industry leader Tata Consultancy Services Ltd in reporting upbeat results this week.

Consolidated net profit for the fourth quarter ended March 31 rose to 17.29 billion rupees ($320 million) from 14.81 billion rupees in the year-earlier period, Wipro said in a statement.

That compared with the 17 billion rupee average of 19 brokerage estimates on Thomson Reuters I/B/E/S. Markets are closed in India on Friday for a public holiday.

Wipro's customers include Citigroup Inc and Apple Inc. ($1 = 54.0750 rupees)

 

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