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UPDATE 1-India's Tech Mahindra Sept-qtr profit beats estimates [Reuters]

WIPRO (WIT)  More Company Research Source: Reuters
Last wipro earnings: 7/20 09:54 am Check Earnings Report
US:NYSE Investor Relations: wipro.com/investors
PDF UPDATE 1-India's Tech Mahindra Sept-qtr profit beats estimates | Reuters Reuters Staff 2 Min Read * Q2 profit 8.36 bln rupees vs est 7.18 bln rupees * Rev from operations up 6 pct (Adds details, background) Nov 1 (Reuters) - Software services exporter Tech Mahindra Ltd posted a better-than-expected rise in second-quarter net profit, aided by key client wins. Active client count grew seven percent to 885 in the quarter, the company said on Wednesday. bit.ly/2gTxUW7 Tech Mahindra posted a 30 percent jump in profit attributable to owners at 8.36 billion rupees ($129.42 million) for the September-quarter, handily beating analysts’ average estimate of 7.18 billion rupees, according to Thomson Reuters data. The IT company also earned 3.22 billion rupees under “other income” including a foreign exchange gain of 2.27 billion rupees. Bigger rivals Wipro and Infosys Ltd also posted a rise in second-quarter profit. Tech Mahindra’s revenue from operations rose 6 percent to 76.06 billion rupees. [Read more]

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