Wipro (WIT): FQ3 net profit +18% to 17.16B rupees ($316M) vs consensus of 16.45B rupees....


Wipro (WIT): FQ3 net profit +18% to 17.16B rupees ($316M) vs consensus of 16.45B rupees. Revenues +10% to 109.89B rupees vs 109.5B rupees. IT-service revenues +2.4% Q/Q to $1.577B. Expects FQ4 IT revenues at $1.585-$1.625B, broadly in line. Wipro's profit beat, along with strong results from Tata Consultancy and Infosys, suggests a turnaround in India's IT industry after it suffered last year. Wipro shares -5.6% in Bombay. (PR)

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