The Bangalore-based company's net income rose to 8.56 billion rupees (203.8 million dollars) in the three months to March from 6.17 billion rupees a year earlier, it said in a statement.

Most analysts had estimated earnings at around 7.7 billion rupees.

Wipro added 44 new clients in the quarter, as sales also rose 39 percent to 43.33 billion rupees in the quarter.

Business in the Middle East, Asia-Pacific and domestic markets grew 38 percent to 7.84 billion rupees.

For the full year to March, net income increased 42 percent to 29.42 billion rupees on sales growth of 41 percent to 150 billion rupees, crossing the three billion dollar milestone for the first time.

Companies such as Wipro and bigger rivals Tata Consultancy and Infosys are fighting rising wages and a volatile rupee, whose appreciation against the dollar dents their export earnings, by renegotiating fees with clients and signing new contracts at higher rates.

Wipro also benefited from the completion of acquisitions.

"An increase in billing rates and improved profitability in our acquisitions and business process outsourcing significantly offset (the) adverse impacts of onsite wage hikes and exchange rate movements on profitability," said Chief Financial Officer Suresh Senapaty.

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