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Wipro's quarterly net below forecast

Wipro's quarterly net below forecast

Wipro Ltd, India's third-biggest software services exporter, missed estimates with a 1.2 percent rise in quarterly net profit on Wednesday, joining their rivals in giving a muted forecast due to deteriorating global economic conditions. The company forecast its IT services revenue this quarter would rise to $1.12 billion, barely ahead of its July-September revenue of $1.11 billion.

Last Updated: Oct 23 2008 | 12:00 AM IST
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Wipro Ltd, India's third-biggest software services exporter, missed estimates with a 1.2 percent rise in quarterly net profit on Wednesday, joining their rivals in giving a muted forecast due to deteriorating global economic conditions. The company forecast its IT services revenue this quarter would rise to $1.12 billion, barely ahead of its July-September revenue of $1.11 billion.

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