Wipro reports strong numbers in December quarter

Wipro on Wednesday posted a strong set of numbers for the October-December quarter. The company’s revenues during the period stood at Rs 15,670 crore while net profit was at Rs 2,970 crore.

Operating margin expanded sequentially by 243 bps to 21.7%, a significant growth in the last 22 quarters. The company surpassed all market estimations and gave a revenue guidance of 1.5%-3.5% for the January-March quarter.