Wipro Q3 net profit up 21% at Rs2,968 cr

New Delhi, January 13

IT services major Wipro on Wednesday posted an about 21% increase in consolidated net profit at Rs 2,968 crore for the December 2020 quarter.

The net profit attributable to shareholders in the year-ago period was at Rs 2,455.9 crore, according to a regulatory filing by Wipro.

Its revenue from operations grew nearly 1.3% to Rs 15,670 crore from Rs 15,470.5 crore in the quarter ended December 2019.

Wipro, which gets a bulk of its topline from IT services, said it expects revenues from that business to be in the range of $2,102 million to $2,143 million in the March 2021 quarter.

For the December quarter, IT services revenue grew 3.9% sequentially to $2,071 million, exceeding the forecast given by it in October. — PTI