Wipro reports better-than-expected quarterly earnings

by Paul Joseph on January 18, 2013 · 0 comments

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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