Wipro's Net Profit Falls On Higher Employee Cost In December Quarter

Wipro's Net Profit Falls On Higher Employee Cost In December Quarter
Mumbai: 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 Rs 2,109 crore for the three months to December 31, the company said in a statement on Wednesday.

That topped the Rs 2,087 crore expected by analysts, Thomson Reuters data showed.

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Revenue rose 6.3 percent to Rs 13,765 crore.
© Thomson Reuters 2017