Wednesday, 25 January 2017

Wipro third-quarter net profit down 5.6 percent on higher costs

Wipro Ltd, India's third-largest software services exporter, reported a 5.6 percent fell in third-quarter consolidated net profit as employee costs and technical fees rose. Profit fell to 21.09 billion rupees ($309.56 million) for the three months to Dec. 31, the company said in a statement on Wednesday. That topped the 20.87 billion rupees expected by analysts, Thomson Reuters data showed. Revenue rose 6.3 percent to 137.65 billion rupees.

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