Wipro Limited  has announced financial results under International Financial Reporting Standards (IFRS) for its third quarter ended December 31,2011. 

Highlights of the Results:

•   IT Services Revenue was $1,505 million, a sequential increase of 2.2% and YoY increase of 12%
•   Non-GAAP constant currency revenue growth was 4.5% sequentially, exceeds the guidance range
•   Total Revenues were Rs.99.97 billion ($1.89 billion) an increase of 28% YoY
•   Net Income was Rs.14.56 billion ($275 million) an increase of 10% YoY and sequential growth of 12%. Non-GAAP Adjusted Net Income was Rs.14.57 billion ($275 million), an increase of 11% YoY
•   IT Services Revenues were Rs.76.08 billion ($1,435 million), an increase of 28% YoY
•   IT Services Earnings Before Interest and Tax (EBIT) was Rs.15.83 billion ($299 million), an increase of 20% YoY
•   Our Operating Income to Revenue for IT Services was 20.8% for the quarter
•   Wipro declares an interim dividend of Rs.2 ($0.04) per share /ADS