| | NEWS FLASH
| Wipro, India's third largest IT services company, has reported a fall in consolidated sales for the fourth quarter. However, profits met Street estimates.
Sequentially, sales declined 1.6 per cent to Rs 9,836.3 crore against Rs 9,999 crore while profit after tax rose 1.7 per cent to Rs 1,480.9 crore against Rs 1,456.4 crore (QoQ).
Wipro said it expects IT services revenue to grow to $1520 million -$1550 million in Q1FY13, which implies no growth to marginal growth.
The stock slumped over 7 per cent in early trade on the back of muted growth forecast.
| |
| |
No comments:
Post a Comment