Wipro has posted a strong performance in its third-quarter earnings as its business grew (wipro limited) across verticals and geographies. The IT firm has reported an increase of 20.8% in its profit, while the revenue increased by 3.4% on a constant currency basis.


Margins have come in at a 22-quarter high, expanding by 243 basis points to 21.7%. This (wipro limited)   expansion was led by improved revenue growth trajectory and excellence in operations. 100 basis points make up 1%.

The IT services giant has maintained its dollar revenue growth guidance for the March (wipro limited)   quarter in the range of 1.5-3.5%.

Its attrition levels remained unchanged from the September quarter at 11%. However, its (wipro limited) headcount has increased to over 1.9 lakh employees, adding over 5,000 to its September quarter count.

Most recently, Wipro announced a share buyback plan at ₹400 a piece, with a total outlay of (wipro limited) ₹9,500 crore.

It also signed a $700-million deal with Metro AG, a German food services company, to take over (wipro limited)  its IT operations for five years. The deal has the potential to go up to $1 billion if extended by another four years.