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Wipro shares fall after muted sales forecast

Reuters
Jul 24, 2012 at 09:46am IST

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.

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.

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