Muted fourth quarter for Wipro

Q4 net profit at Rs 2,240 cr; board approves buyback of equity shares of up to Rs 2,500 cr

Wipro Q2 net up 2% at Rs 2,235 cr q-o-q

While bigger rivals Tata Consultancy Services and Infosys posted strong financial numbers for the last quarter of FY16 and gave a rosy outlook for FY17, the growth of Wipro, India’s third-largest information technology (IT) services firm, was mostly in line with its own expectations but without any fireworks. For the quarter ended March, Wipro posted dollar revenue (for the IT services business) of $1,882 million, which was within its guidance range of $1,875-1,912 million. Read more from our special coverage on "WIPRO"No respite in sight for WiproWipro plans big bets on digital ...