With the recovery in the global economy spurring increased customer expenditure on outsourced computer services, Indian software exporter Wipro Ltd. Wednesday posted a better-than- expected 21 percent increase in its third-quarter net profit. The company also projected notably better results during the fourth quarter.

Reporting its earnings according to International Financial Reporting Standards, Wipro said that it net income leaped 19 percent year-on-year to Rs. 12.1 billion from Rs. 10.04 billion during the October-December quarter; thereby beating the Rs. 11.6 billion median net income predicted by analysts in a Bloomberg survey.

The Bangalore-based company’s total revenue figures – comprising revenue from Wipro’s information-technology services and products, and its consumer care and lighting business - increased 5 percent during the quarter, to Rs. 69.66 billion from Rs. 66.18 billion in the same quarter a year earlier. Analysts in a Dow Jones Newswires poll had estimated Rs. 68.43 billion quarterly revenue for the company.

Informing the reporters that Wipro’s business volumes leaped 4.7 percent vis-à-vis the second quarter figures, and that 31 new clients were added to the company’s IT-services division in the October-December quarter, Suresh Senapaty, Wipro’s executive director and chief financial officer, said in a statement: “We reported another strong quarter, driven by significant uptick in volumes.”

Wipro Chairman Azim Premji said that the company had witnessed “a positive demand environment” during the quarter, leading to “broad-based sequential growth” across all the “verticals, service lines and geographies” of the company.