<p>Bengaluru/Mumbai: Wipro, India's fourth-largest IT services company, reported higher-than-expected third-quarter revenue on Friday, helped by positive momentum in its banking, financial services, and insurance (BFSI) vertical and in the Americas geography.</p><p>Consolidated revenue for the three months to December-end rose 0.5% to 223.19 billion rupees ($2.58 billion), against analysts' average estimate of 222.28 billion rupees, as per data compiled by LSEG.</p>.Wipro appoints Ranjita Ghosh as Global Chief Marketing Officer.<p>The Bengaluru-based company's net profit rose 24.5% to 33.54 billion rupees, beating analysts' estimate of 30.7 billion rupees.</p><p>Wipro forecast that its revenue growth in the March quarter will be in the range of -1% to 1%. It only provides a sequential forecast.</p><p>Its order book stood at $3.5 billion during the third quarter, of which large deals of more than $30 million totalled $961 million.</p><p>India's $254 billion IT services sector has faced sluggish growth for several quarters due to global macroeconomic uncertainties and inflationary pressures, pushing clients to rein in spending.</p><p>However, incoming US President Donald Trump administration's business-friendly policies are expected to benefit Indian IT firms. U.S is the largest revenue generator for the sector's top companies.</p>.Markets drop in early trade dragged by Infosys, Axis Bank.<p>Wipro's larger rivals Tata Consultancy Services, Infosys and HCLTech highlighted a pickup in discretionary spending during the quarter.</p><p>Its shares in Mumbai closed 2.45% down ahead of the results.</p>
<p>Bengaluru/Mumbai: Wipro, India's fourth-largest IT services company, reported higher-than-expected third-quarter revenue on Friday, helped by positive momentum in its banking, financial services, and insurance (BFSI) vertical and in the Americas geography.</p><p>Consolidated revenue for the three months to December-end rose 0.5% to 223.19 billion rupees ($2.58 billion), against analysts' average estimate of 222.28 billion rupees, as per data compiled by LSEG.</p>.Wipro appoints Ranjita Ghosh as Global Chief Marketing Officer.<p>The Bengaluru-based company's net profit rose 24.5% to 33.54 billion rupees, beating analysts' estimate of 30.7 billion rupees.</p><p>Wipro forecast that its revenue growth in the March quarter will be in the range of -1% to 1%. It only provides a sequential forecast.</p><p>Its order book stood at $3.5 billion during the third quarter, of which large deals of more than $30 million totalled $961 million.</p><p>India's $254 billion IT services sector has faced sluggish growth for several quarters due to global macroeconomic uncertainties and inflationary pressures, pushing clients to rein in spending.</p><p>However, incoming US President Donald Trump administration's business-friendly policies are expected to benefit Indian IT firms. U.S is the largest revenue generator for the sector's top companies.</p>.Markets drop in early trade dragged by Infosys, Axis Bank.<p>Wipro's larger rivals Tata Consultancy Services, Infosys and HCLTech highlighted a pickup in discretionary spending during the quarter.</p><p>Its shares in Mumbai closed 2.45% down ahead of the results.</p>