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Wipro shares fall after muted sales forecast

News18

First published: July 24, 2012, 9:46 AM IST | Updated: July 24, 2012
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Wipro shares fall after muted sales forecast
Wipro said earlier consolidated net profit rose to Rs 15.80 billion for the fiscal first quarter ended June 30 from Rs 13.35 billion a year earlier, meeting forecasts.

Mumbai: Wipro Ltd shares fell 1 per cent on Tuesday after India's number 3 software services exporter forecast subdued IT services sales for the current quarter.

Wipro said earlier consolidated net profit rose to Rs 15.80 billion for the fiscal first quarter ended June 30 from Rs 13.35 billion a year earlier, meeting forecasts.

Wipro, whose chairman is billionaire Azim Premji, said it expects September-quarter IT services revenue of $1.52 billion to $1.55 billion, a rise of 0.3 to 2.3 percent from the June quarter.

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