Wipro, India's third largest software exporter, witnessed a rise in share price on Monday after reporting a rise of 8.84% on consolidated basis to Rs 21.92 billion for the quarter ended Dec. 31, 2014. On sequential basis, Wipro a reported rise of 5.18% in quarterly profit.

Consolidated revenues for the quarter ended Dec. 31, 2014 went up by 6.69% y-o-y to Rs 120.85 billion. IT Services Segment Revenues in Rupee terms was Rs 113.4 billion an increase of 10% YoY. IT Services Segment Result was Rs 24.7 billion an increase of 4% YoY.

Shares of the company gained Rs 33.20, or 5.98%, to trade at Rs 588.45 at the BSE (1 p.m., Monday).