India’s third-largest software services exporter, Wipro, on Friday posted a 34.9% quarter-on-quarter rise in its consolidated net profit at Rs 2,544 crore during the October-December quarter. The company’s consolidated revenues stood at Rs 15,059 crore, a 3.5% increase over the last quarter. The company improved its operating margin by 5.6% to 19.8%. However, it lowered its margin guidance for its IT services business in the range of $2,047 million to $2,088 million, which translates to a sequential growth of 0.0% to 2.0%.