Wipro net up 27% in third quarter

Wipro Ltd reported net profit of Rs 2,015 crore for the third quarter (October-December) of this fiscal (2013-14), posting 27% year-on-year (YoY) growth as per the Indian accounting standard.

Wipro Ltd reported net profit of Rs.2,015 crore for the third quarter (October-December) of this fiscal (2013-14), posting 27% year-on-year (YoY) growth as per the Indian accounting standard.

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In a regulatory filing to the stock exchanges Friday, the IT bellwether said revenue for the quarter under review (Q3) rose 18% YoY to Rs.11,332 crore.

Under the International Financial Reporting Standard (IFRS), net income for the quarter was $325 million and revenue $1.8 billion, including $1.7 billion from its global IT services.