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

India AI Summit: Anthropic, Infosys Announce Partnership to Bring Agentic AI Solutions for Enterprises
17 February 2026
Microsoft Partners With Cognizant, Infosys, TCS and Wipro Over Agentic AI Adoption in India
11 December 2025
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
Popular on Gadgets
Latest Gadgets
Popular Mobile Brands
#Trending Stories
  1. Krafton Confirms BGMI Lite Is Coming to India by the End of 2026
  2. Poco F9 Pro, Poco F9 Ultra Leak Reveals European Price, Specifications
  3. Poco M8x 5G Will Launch in India Later This Month
  4. POCO M8x 5G Price, Specifications Tipped Ahead of India Launch
  5. These Vivo Y Series Phone Are Now More Expensive in India
  6. iQOO Neo 11 Ultra Camera Samples, Live Photo Features Revealed
  7. This Vivo Y Series Will Launch in India Soon: See Full Specifications List
  8. Is the 'Ultra' Era Ending? Xiaomi 18 Ultra Reportedly Scrapped
#Latest Stories
  1. Vivo Y31T 5G India Launch Confirmed; Full Specifications List, Design, and More Listed Online
  2. Vivo Y51 Pro 5G, Vivo Y31 and More Y Series Phones Receive Price Hikes in India: Check New Prices
  3. Xiaomi 18 Ultra Launch Reportedly Scrapped With 'Pro Max' Becoming Top Flagship; Oppo, Vivo to Follow Suit
  4. Bitcoin Falls Below $63,000 as Middle East Tensions Weigh on Crypto
  5. iQOO Neo 11 Ultra Camera Samples Reveal 50-Megapixel Sony Sensor; Leak Suggests 9,100mAh Battery
  6. Vivo Y31T Specifications, Design Leak Ahead of Launch, Tipped to Feature 7,200mAh Battery
  7. Kingdom Hearts IV Will Launch in Late 2027, Square Enix Confirms
  8. Poco M8x 5G India Launch Date Announced; to Feature Snapdragon 4 Gen 5 Chipset
  9. Pova 8 Pro 5G Full Specifications List, Colour Options Revealed Ahead of India Launch
  10. Poco F9 Pro, Poco F9 Ultra European Prices and Specifications Leaked Online Ahead of Launch
Gadgets 360 is available in
Follow Us
Download Our Apps
Available in Hindi
© Copyright Red Pixels Ventures Limited 2026. All rights reserved.