Mumbai: The tribulations of Wipro Ltd with development continued in the quarter of June, with the firm reporting a 1.3 percent drop in March dollar profits. Revenues rose 5.9 percent from a year ago in steady monetary terms.
This is contrary to the double-digit development in income reported by colleagues TCS Ltd and Infosys Ltd.
Worse, as colleagues speak of sustainability or growth momentum acceleration, Wipro alludes to flat performance.
The September quarter guidance means no development at all at the lower end, and an extension of just 2 percent from the quarter at the upper end of the projected income.
"Notwithstanding the weaker Q1 base, the 2Q income development guidance was 0-2% at the reduced end of the anticipated spectrum of 0-2.5%," Jefferies India Pvt. Ltd said in a note.
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