Wipro Ltd.'s revenue rose in the third quarter driven by its software services segment even as margins came under pressure.
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IT Services Revenue
Revenue from IT services segment grew 2.3% sequentially to $2,639.7 million. The company added large deals worth $600 million during the quarter, Thierry Delaporte, managing director and chief executive officer of Wipro, was quoted as saying in a statement.
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Segmental Revenue
Revenue was led by growth in the BFSI and consumer business arms.
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Shares of Wipro fell 0.4% on Wednesday compared with the S&P BSE Sensex's 0.9% rise.
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