Wipro overhauls management; declares financial quarter result

Announcing major changes in the line up of its management, Wipro, India's premier information technology company declared its annual financial score card in Bangalore on Friday. Bangalore-based IT giant said fiscal third-quarter net profit rose 10 percent to Rs. 13.19 billion under international accounting standards from 12.03 billion a year ago, matching forecasts. Suresh Senapaty, Chief Financial Officer of Wipro, forecast a hike in IT services revenue from $1.38 billion to $1.41 billion for the fiscal fourth quarter, up three to five percent from the quarter ended in December.