Wipro achieves a quarterly profit of 31 percent

Wipro, third-largest software provider has beaten expectations by posting a 31 percent rise in its quarterly profit.

"We had a strong quarter particularly in our after tax profit growth, our revenue grew by 16 percent and we had industry leading growths in profit after tax of 31 percent year on year," said Chairman Azim Premji.

Azim Premji further noted that in spite of the Europe crisis, the company has witnessed a strong demand for their services. Read More