9 years ago
Wipro, India's third largest IT services outsourcer reported its April-June quarter earnings today. Wipro reported net profit of Rs 2,082 crore and at the same time Wipro's board of directors announced a share buyback plan of Rs 11,000 crore. Edelweiss had estimated Wipro to report 0.3 per cent sequential decline in dollar revenue and 1.2 per cent drop in revenue in constant currency terms as Q1 is generally weak quarter for Wipro . Wipro had guided for dollar revenue growth at negative 2 per cent to zero percent for June quarter.
