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Wipro Q4 net profit misses estimates; board approves buyback

The company separately approved a share buyback for 25 billion rupees

Reuters  |  Mumbai 

Wipro Ltd , India's third-largest software services exporter, posted a 1.6% fall in net profit for its fourth-fiscal quarter, missing analysts' expectations. Wipro results follow estimate-beating earnings by larger rivals Tata Consultancy Services Ltd and Infosys Ltd .Read more from our special coverage on "WIPRO"Wipro Q4 net flat at Rs 2,235 crWipro nears 52-week high ahead of Q4 results, shares buybackWipro Q4 FY16: Five things to watch out forWipro gains on buyback plansWipro appoints venture capitalist Patrick Ennis as board member The Bengaluru-based company ...

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First Published: Wed, April 20 2016. 16:44 IST