March 29, 2024 02:29 (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
PM Modi has mastered art of manipulating democracy, hurting Constitution: Mallikarjun Kharge | Mafia-turned-politician Mukhtar Ansari dies of cardiac arrest at 63 | NIA arrests key conspirator in Bengaluru cafe blast case | Actor Govinda returns to politics after 14 years of 'vanvas', joins Eknath Shinde camp | 'To browbeat and bully others is vintage Congress culture': PM posts after 600 lawyers write to CJI

Wipro's profit jumps to 8 percent in Q3

India Blooms News Service | | 19 Jan 2015, 11:05 am
Mumbai, Jan 19 (IBNS): India’s third largest outsourcer Wipro reported a consolidated profit of Rs 2,193 crore on consolidated sales of Rs 12,085 crore for the three months ended December 31, 2014, media reports said.

In dollar terms, Wipro registered a growth of 1.3 percent beating bigger players like Infosys and Tata Consultancy Services (TCS). Wipro’s Q3 dollar revenue also grew 3.7 percent sequentially - is a 12-quarter high.

The company also reported a 40 basis point rise in its operating margin but at 21.8 percent margins were much lower than Infosys and TCS, reports said.

Sources said as of 09.45 am on Monday, Wipro traded 7.7 percent higher at Rs 597.75 outperforming the broader IT sub-index on the National Stock Exchange (NSE) which traded 0.7 percent higher.

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.