Q4 results: Healthcare, weak retail hits Wipro's growth forecast

Wipro said hat its consolidated net profit grew 0.4% to Rs 2,267 crore

Wipro, India's third-biggest software services exporter, said cancellations of healthcare projects and weak retail spending in its key US market would hit revenue growth.

Headquartered in the technology hub of Bengaluru, Wipro said on Tuesday that its consolidated net profit grew 0.4 per cent to Rs 2,267 crore ($353 million) in its fiscal fourth quarter to March.

Although this was ahead of analysts' estimates of Rs 2,119 crore, the company said revenue from its core IT services business would be $1.92 billion to $1.96 billion in the current quarter. On that basis, the company reported a revenue of $1.95 billion