Wipro's profit jumps to 8 percent in Q3
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.
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