Wipro Technologies slumps after projecting weak forecast

Advertisement
By Reuters | Updated: 22 April 2013 11:38 IST
Shares in Wipro Ltd, India's third-largest software services provider, fell as much as 11.25 percent on Monday after it gave weaker-than-expected quarterly sales forecast on Friday.

Wipro joined No. 2 player Infosys Ltd in delivering tepid revenue outlook, citing a delay in the closure of deals.

Wipro also reported a 16.7 percent rise in quarterly profit to 17.29 billion rupees on Friday.

Shares were down 9.4 percent as of 10:20 a.m.

© Thomson Reuters 2013

 
Post your comments

Get your daily dose of tech news, reviews, and insights, in under 80 characters on Gadgets 360 Turbo. Connect with fellow tech lovers on our Forum. Follow us on X, Facebook, WhatsApp, Threads and Google News for instant updates. Catch all the action on our YouTube channel.

Further reading: Infosys, Wipro
When Apple sneezes, suppliers and investors catch a cold
Samsung Galaxy S4 mini reportedly delayed till July
Advertisement

Related Stories

Infosys Aster, AI-Powered Marketing Suite for Global Enterprises Launched
20 June 2024
Infosys Inks AI Deal With Estimated $2 Billion Target Spend Over Five Years: Details
18 July 2023
Infosys Launches Free AI Certification Training on Springboard Virtual Learning Platform
23 June 2023
Microsoft, Nandan Nilekani-Backed Indian Group Working on Accessibility-Focused AI Assistant Jugalbandi Bot
24 May 2023
Infosys Announces Retirement of Kiran Mazumdar-Shaw as Independent Director: All Details
23 March 2023
Popular on Gadgets
Latest Gadgets
Popular Mobile Brands
#Trending Stories
  1. Apple Cuts Jobs Across Its Sales Organization in Rare Layoff
  2. Black Friday Sale: Check Discounts on These iPhone 16 Models on Vijay Sales
  3. iQOO 15: Everything You Need to Know Ahead of Launch in India
  4. Huawei Watch GT 6, Watch GT 6 Pro Launched in India At This Price
  5. Honor 500 Pro, Honor 500 Launched With 8,000mAh Battery: See Price
  6. Apple's First Foldable iPhone Might Be Costlier Than These Apple Products
  7. iQOO 15 Mini Launch Timeline Leaked; May Arrive With This Chipset
  8. Moto G57 Power With 50-Megapixel Sony LYT-600 Camera Launched in India
#Latest Stories
  1. Apple's First Foldable iPhone Said to Be Priced Higher Than Top-of-the-Line iPhone 17 Pro Max Variant
  2. Apple Cuts Jobs Across Its Sales Organization in Rare Layoff
  3. iQOO 15 Mini Launch Timeline Leaked; Could Be Equipped With Same Battery as Flagship iQOO 15
  4. Adobe Photoshop Chrome Extension Launched, Users Get One Year of Free Photoshop Web Access
  5. Huawei Mate 80 Pro Max With Kirin 9030 Chipset Surfaces on Geekbench Ahead of China Launch
  6. Oppo A6x Specifications Tipped Ahead of India Launch; May Get Dimensity 6300 SoC and 6,500mAh Battery
  7. NASA’s Perseverance Rover Finds Metal-Rich Rock on Mars: What You Need to Know
  8. ISS Experiment Shows Moss Spores Can Survive Harsh Space Environment
  9. Asteroid 2024 YR4: Earth Safe, but New Data Shows Small 2032 Lunar Impact Risk
  10. Stephen OTT Release Date: When and Where to Watch it Online?
Gadgets 360 is available in
Follow Us
Download Our Apps
Available in Hindi
© Copyright Red Pixels Ventures Limited 2025. All rights reserved.