India's third largest IT services exporter, Wipro has declared its third quarter results of FY10. It has reported a jump of 4.76% in its consolidated net profit of Rs 1,217 crore in Q3FY10 as against Rs 1,161.7 crore, (QoQ).
The company's consolidated revenues increased 0.71% to Rs 6,966 crore versus Rs 6,917.2 in the previous quarter. The numbers were better-than street expectations; CNBC-TV18 was expecting net profit at Rs 1,152.1 crore and revenues at Rs 6,749.3 crore while third quarter numbers of Wipro were lower than Infosys and TCS.
In dollar terms, its revenues went up 5.8% to USD 1126.8 million, QoQ.
IT services business added 31 new clients.
Wipro's Chairman, Azim Premji expects IT budgets to be flat to marginally positive in 2010
Wipro Q4 Guidance
It is expected IT services revenues at USD 1161-1183 million in Q4FY10 versus USD 1126.8 million (QoQ), a growth of 3-5%.
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