Wipro's reported consolidated results for the quarter registered a beat on our estimates. Revenue for the quarter came in 4.2 % higher than the estimated figure of Rs. 13881 crores. Also, net profit for the quarter came in 4 % higher than the estimated figure of Rs. 2176 crores.Wipro consolidated revenue for the quarter came in at Rs. 14470 crores, registering 5.1% QoQ increase. This was primarily driven by 3% rise in BFSI verticals and 15.8% rise in revenue of IT products. EBITDA for the quarter rose by 15.2% QoQ to Rs. 3301 crores with a corresponding margin expansion of 200 bps. EBITDA margin for the quarter stood at 22.8%. This margin expansion was aided by 15.8% QoQ decline in purchase of stock in trade PAT for the quarter came in at Rs. 2261 crores, QoQ increase of 7.2%.Looking at the full year numbers, we see that revenue jumped by 8% to reach Rs.55826 crore while EBITDA rose by 5% to 11699 crore. Company reported net profit of Rs.8490 crore, down 5% yoy.