Wipro Net Up 18 Percent in Third Quarter

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In a regulatory filing Friday, the IT bellwether said its total revenue increased 10 percent YoY to 11,025 crore (110 billion) for the quarter under review (Q3).

As per the International Financial Reporting Standard (IFRS), net income is $313 million and gross revenue $2 billion.

The company's flagship global IT services and products business grew 4.8 percent YoY $1.6 billion, which is 2.4 percent higher sequentially.

Wipro Ups Revenue Guidance For Fourth Quarter

Wipro has projected a higher revenue guidance of $1.6 billion from its flagship global IT services business for fourth quarter (Jan-March) of this fiscal (2012-13) as per the International Financial Reporting Standard (IFRS).

In a regulatory filing Friday, the IT bellwether said revenue from its IT services business would be in the range of $1,585-1,625 million ($1.6 billion) as against $1,577 million ($1.57 billion) posted in third quarter (Oct-Dec) of this fiscal (FY 2013).

Unlike its rival Infosys Ltd, Wipro does not give revenue guidance for the entire fiscal