Wipro Shares Fall As Guidance Worries Investors

Subscribe to GoodReturns
For Quick Alerts
For Daily Alerts

    Wipro shares fell, despite the company reporting a decent set of numbers for the quarter ending Sept 30, 2015.

    Wipro Shares Fall As Guidance Worries Investors
    Wipro: Quotes, News
    BSE 373.00BSE Quote6.95 (1.86%)
    NSE 372.20NSE Quote8.75 (2.35%)
    The shares dropped 1.7% and were last seen trading at Rs 167.85 after the management sounded cautious on the coming quarters. The management hinted at lower ramp-up in deals and the holiday season, which is traditionally a weak quarter for IT companies.

    Wipro reported a 7.2 per cent growth in consolidated net profit at Rs 2,235.4 crore for the second quarter ended September 30, 2015.
    The company had posted a net profit (after tax, minority interest and share of profit of associates) of Rs 2,084.8 crore in the year-ago period, the IT firm said in a statement.

    Net sales rose by 6.3 per cent to Rs 12,566.8 crore in July-September quarter this fiscal from Rs 11,816 crore in the same period a year ago, it added. In dollar terms, the revenue from IT services registered a quarter-on-quarter growth of 2.1 per cent at USD 1.83 billion, in line with its guidance of USD 1.82 million to USD 1.85 million.

    GoodReturns.in with inputs from PTI

    Read more about: wipro
    Story first published: Friday, October 23, 2015, 11:02 [IST]
    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

    Find IFSC

    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more