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.

Advertisement

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. Here's Our First Look of the Nothing Phone 4b 'RCB Edition' Variant
  2. Amazon Prime Day Sale: Early Deals on Smartphones From Top Brands Revealed
  3. Oppo Reno 16, Reno 16c Make Their Debut in India at These Prices
  4. OTT Releases This Week: Elle, Super Subbu, Enola Holmes 3, and More
  5. Amazon Prime Day 2026 Sale: Top Deals on Smartphones Under Rs. 50,000
  6. CMF's Himanshu Tandon Departs Firm After a 10-Month Stint
#Latest Stories
  1. PS Plus Monthly Games for July Include Call of Duty: Modern Warfare 3, For the King 2 and CrossCode
  2. Nothing Phone 4b RCB Edition Design, Colour Revealed Days Ahead of Debut
  3. Garmin Forerunner 70, Forerunner 170, Forerunner 170 Music Launched in India With 1.2-Inch Display, Up to 13 Days Battery Life
  4. Redmi Note 17 Series Launch Timeline Teased, Company Touts Display Upgrades and Longer Battery Life
  5. Lava Probuds T51, Xscape 13° Neckband With Up to 70 Hours Battery Life Launched in India: Price, Features
  6. Best Noise Cancellation Headphones in India to Buy This Amazon Prime Day: boAt Rockerz 650 Pro, JBL Tune 520 BT and More
  7. Oppo Enco Air 5 With Up to 52dB ANC, Up to 54 Hours Battery Launched in India: Price, Features
  8. Apple Reportedly Cuts iPhone 17 Series Production Plans by 15 Percent as Demand Softens
  9. Moto G77 Power Set to Launch in India Next Week; Price Range, Specifications Revealed
  10. CMF's Himanshu Tandon Announces Exit Weeks After Firm Confirms 2026 Phone Strategy
Gadgets 360 is available in
Follow Us
Download Our Apps
Available in Hindi
© Copyright Red Pixels Ventures Limited 2026. All rights reserved.