Wipro, India's third largest software exporter, disclosed a small rise in consolidated net profit for the quarter ended September 2015. During the quarter, the profit of the company rose 6.79% to Rs 22.41 billion from Rs 20.98 billion in the same quarter previous year.

Revenues for the quarter rose 6.35% to Rs 125.67 billion, compared with Rs 118.16 billion for the prior year period.

The IT services segment revenue was Rs 120.4 billion (USD 1,838.6 million), an increase of 10% YoY. 

Operating margin for the quarter stood at 22.14 percent as compared to 22.12 percent for the previous year period. Operating Income for the quarter was Rs 27,819.00 million, compared with Rs 26137 million in the previous year period.

For third quarter of FY16, the company expects revenues from IT services business to be in the range of USD 1.84n billion to USD 1.88 billion.

During the quarter, the employee headcount increased by 6,607 to 168,396.

T K Kurien, member of the board & chief executive officer of Wipro, said, 'Wipro Digital, strengthened uniquely by the addition of Designit, with both strategic design process capability along with Wipro’s technological capability is positioning us uniquely as an integrated design and technology player. Wipro HOLMESTM, our cognitive intelligence platform, is engaged in 12 projects in business-critical areas for marquee customers and positioning Wipro favorably in the marketplace.'

Jatin Dalal, chief financial officer of Wipro, said, 'Our investments in next-gen delivery practices generated productivity to significantly mitigate the impact of wage hikes and utilization on operating margins. The impact of cross-currency on operating margins were compensated by the benefits from rupee depreciation.'

Earnings per share for the quarter stood at Rs 9.08, registering 7.46% growth over previous year period.

Shares of the company gained Rs 5.95, or 1.04%, to settle at Rs 577.90. The total volume of shares traded was 65,081 at the BSE (Wednesday).