IT services and consultancy firm Wipro on Friday reported a 24.66 per cent rise in net profits in the just-concluded October-December quarter. The profits were Rs 3,364 crore during the quarter, as against Rs 2,700 crore in the year-ago period.
The Indian IT sector is poised for strong earnings growth in the coming years, with a projected double-digit Earnings Per Share (EPS) Compound Annual Growth Rate (CAGR) of 17.5 per cent from FY24 to FY27, according to a recent industry analysis report by Nirmal Bang Equities.