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Muted outlook at Wipro

While Wipros numbers were not as bad as those at Infosys, the demand environment remains uncertain

Shishir Asthana  |  Mumbai 

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Muted outlook at Wipro
While Wipro

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Muted outlook at Wipro

While Wipros numbers were not as bad as those at Infosys, the demand environment remains uncertain

The Wipro stock ended 3 per cent lower on Tuesday in reaction to its results and a muted guidance. As was the case with Infosys, Wipro too missed its guidance, though marginally. Against a guidance of $1,520-1,550 million, the company posted sales of $1,515 million for the quarter ended June 2012. Net profit, on the other hand, increased from Rs 1,490 crore in June 2011 to Rs 1,580 crore against market expectations of Rs 1,595 crore. >
Muted outlook at Wipro
While Wipro image

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