Wipro Q3 profit up 10 pct, roughly in line
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Last Updated: Fri, Jan 20, 2012 09:04 hrs
Wipro Ltd , India's No.3 software services exporter, on Friday reported a 10.4 percent rise in quarterly profit, almost in line with street estimates, helped by a weaker rupee and the restructuring of its operations.
Consolidated net profit rose to 14.56 billion rupees in its fiscal third quarter ended December 31 under international accounting standards from 13.19 billion rupees a year earlier.
An electric launch
Analysts polled by Reuters had expected net profit at 14.81 billion rupees for Wipro , also listed on the New York Stock Exchange, whose clients include Citigroup , Cisco and Credit Suisse .
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