Earnings rose 25% in
third quarter as a big jump in new clients drove solid revenue gains.
The Bangalore, India-based tech outsourcer earned $118 million, or 8 cents a share, in the quarter ended Dec. 31. Revenue totaled $617 million, up 33% from a year ago. Analysts had been forecasting earnings of 8 cents a share on sales of about $609 million.
Wipro's biggest segment, global IT services and products, earned $115 million in the quarter before interest and taxes, up 26% from a year ago. The division added 61 new clients during the period, its highest-ever gain for a quarter.
Revenue in the global IT business totaled $473 million, above previous guidance for $463 million. The company expects the division to produce $510 million in the fourth quarter, which ends in March.
The stock added 34 cents, or 2.8%, to $12.40 in premarket trading Wednesday.