Bengaluru: Wipro today posted 1.8 per cent rise in its consolidated net profit to Rs 2,234.1 crore for the quarter ended December 31, 2015. Wipro is Country’s third largest software services firm in India.
The company-had posted a net profit of Rs 2,192.8 crore in the year-ago period.
The City-based firm saw revenues rising 7.1 per cent to Rs 12,951.6 crore in the said quarter from Rs 12,085.1 in the same period last year, according to a filing on the BSE.
Its IT services revenues stood at Rs 12,310 crore (USD 1.86 billion), an increase of 9 per cent year-on-year, it said.
The company had already warned of a muted performance in this quarter on account of furloughs and Chennai-floods. It had said it expected to meet the lower half of its guidance range of USD 1,841-1,878 million.
For the fourth quarter, Wipro expects its revenues from the IT services business to be in the range of USD 1,875 million to USD 1,912 million.
