Wipro Net Rises, Beats Estimates as Orders, Rupee Lift Sales
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Wipro Ltd., India’s third-largest software exporter, reported profit that beat analyst estimates as businesses sought savings through outsourcing and the rupee’s decline boosted overseas earnings.
Third-quarter net income rose 11 percent to 14.6 billion rupees ($291 million) in the three months ended Dec. 31 from 13.2 billion rupees a year earlier, Bangalore-based Wipro said in a statement today. That beat the 14.5 billion-rupee median of 48 analyst estimates compiled by Bloomberg.