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Wipro Profit Jumps

Revenue grows 41%.


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, an information technology services provider, said its second-quarter earnings rose 48% from the year-ago period, on more outsourcing orders.

The Bangalore, India-based company earned $152 million, or 11 cents a share in the quarter. Analysts polled by Thomson First Call were expecting earnings of 10 cents a share in the most recent quarter.

Second-quarter total revenue rose 41% from a year ago to $765 million against analysts' expectation of $733 million.

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The company expects to post revenue of $633 million in the third quarter from its global IT services segment.

By segment, second-quarter revenue from global IT services and products segment which contributed 77% to total revenue, rose 44% from a year ago to $591 million, and from India and AsiaPac IT services and products segment, revenue rose 28% to $109 million.

''On our margin front, operational improvements and superior BPO Services profitability helped us in significantly offsetting the pressure on profitability arising out of wage increases and non-cash charge of Restricted Stock Units issued during the quarter," the company said.

The results of its previously acquired Quantech Global Services, a leading provider of computer aided design and engineering services, were consolidated into its financial statement operating results effective as of July 1, the company added.

Shares of Wipro were recently up 4 cents to $14.66.

This story was created through a joint venture between and IRIS.