Bangalore: The $18 billion Bangalore-based firm, Wipro has recorded a 17 per cent jump in quarterly profit, beating up estimations, as heavy demand for outsourcing counterbalance the force of a firmer rupee and wage increases.

Country’s third-largest software services exporter said that it had not seen any slowdown in IT spending by companies despite the subprime mortgage crisis and fears of an economic downturn in the US, which accounted for 63 per cent of its September quarter revenue.

Wipro projected income from IT services to go up to $905 million, comprising $60 million from acquirements, in its third quarter (October-December) up 13.6 per cent from $796.5 million in July-September.

Azim Premji, chairman said, “We, as a company, have not experienced any slowdown.”

In a report issued with the September quarter results, Mr. Premji said, “During the quarter, we won some large multi-million dollar deals and the deal pipeline continues to be robust.”

Harit Shah, a sector analyst with Mumbai’s Angel Broking, said, “The company has come out with a good set of numbers and the guidance they have given is very strong. This shows that they are quite bullish about the business prospects.”

In the second quarter, Wipro’s net profit rose to Rs 812 crore, as against Rs 696 crore in the same period of the last year.

During the quarter, Wipro has added up 5,341 workers and 59 new customers, comprising a US technology company, which signed a seven-year deal valued at $160 million with the company.

The company said it was capable of getting higher charges from new as well as subsisting customers.

Wipro has purchased US technology firm Infocrossing plus the wireless design subsidiary of Oki Electric Co Ltd and Singapore’s Unza Holdings.