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Wipro Q3 FY2013 Results - First Cut - Laggard in the Industry - Microsec
Posted On : 2013-01-17 22:34:49( TIMEZONE : IST )
Wipro Ltd announced its Consolidated Q3 FY2013 results on 18 January 2013. While the company's top line came in line with Bloomberg consensus estimates, its bottom line came above estimates during the quarter.
While Wipro's top line increased 3.5% q-o-q to Rs.10,989.1 Crores, its bottom line augmented sequentially 6.6% to Rs.1,716.4 Crores in Q3 FY2013. Revenues from the company's IT services business grew 2.7% sequentially to Rs.8,601.8 Crores while the segment's operating income rose 3.5% q-o-q to Rs.1,791.7 Crores. While the performance of Wipro's IT Services segment remained subdued, compared with its peers, the growth in bottom line was largely fueled by healthy performance of its Consumer Care and Lighting Business. Furthermore, the company announced an interim dividend of Rs.2 per share for the quarter.
