Wipro reports better-than-expected quarterly earnings

Wipro Ltd, India’s third largest software services provider, on Thursday joined TCS Ltd and Infosys Ltd in reporting better-than-expected quarterly earnings. Wipro announced that its net profit for the quarter through December 2012 jumped 18 per cent year-on-year, from 14.56 billion rupees to 17.16 billion rupees. The reported net profit figure is much better that analysts’ average estimate of 16.45 billion rupees. read more

Wipro Ltd, India’s third largest software services provider, on Thursday joined TCS Ltd and Infosys Ltd in reporting better-than-expected quarterly earnings. Wipro announced that its net profit for the quarter through December 2012 jumped 18 per cent year-on-year, from 14.56 billion rupees to 17.16 billion rupees. The reported net profit figure is much better that analysts’ average estimate of 16.45 billion rupees. read more

[via Stock Watch – Stock Specific News]

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