Wipro rises 3% on better Q3 numbers

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Wipro rises 3% on better Q3 numbers

Third largest (among listed companies) software services provider Wipro has reported a consolidated net profit of Rs 1,456 crore in the third quarter of FY12, a growth of 12% as compared to Rs 1,299.9 crore in the previous quarter.

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Third largest (among listed companies) software services provider Wipro has reported a consolidated net profit of Rs 1,456 crore in the third quarter of FY12, a growth of 12% as compared to Rs 1,299.9 crore in the previous quarter.

Consolidated revenue jumped 11% to Rs 9,997 crore from Rs 9,007 crore quarter-on-quarter. 

Numbers were better than analysts' expectations; CNBC-TV18 poll had expected revenues at Rs 9,765 crore and net profit of Rs 1,450 crore.

The share touched an intraday high of Rs 419.90 and an intraday low of Rs 415. At 09:16 hrs the share was quoting at Rs 416.50, up Rs 12.40, or 3.07%.
 
It was trading with volumes of 32,548 shares. In the previous trading session, the share closed up 0.15% or Rs 0.60 at Rs 404.10.