Arab Today, arab today india\s wipro net profit edges up
Last Updated : GMT 19:50:02
Arab Today, arab today
Arab Today, arab today

India\'s Wipro net profit edges up

Arab Today, arab today

Arab Today, arab today India\'s Wipro net profit edges up

Bangalore - AFP

India\'s third-largest software firm Wipro showed a marginal rise in first quarter net profit on Wednesday, beating forecasts, but its shares fell nearly four percent on a weak revenue outlook. The company said net profit rose 1.2 percent to 13.35 billion rupees ($300 million) in the three months to June 30, according to international accounting standards, from 13.19 billion rupees a year earlier. Total revenue for the quarter increased 18.4 percent to 85.64 billion rupees, the company said in a statement to the Bombay Stock Exchange. Analysts had forecast net profit of 13.23 billion rupees on revenues of 84 billion rupees. The outsourcing bellwether, based in India\'s southern technology hub of Bangalore, added 4,105 employees in the quarter and 49 new clients. But the company\'s shares slid as much as 3.76 percent to a day\'s low of 399.3 on a weak forecast for IT services. Wipro warned that revenue growth may dip below industry growth rates for the fiscal year ending March 2012. The company, whose earnings include IT services, customer-care and lighting products, also said rising wages will hit its second-quarter earnings to the end of September. Wipro has projected IT services revenues to be between $1.43 billion and $1.46 billion in the second quarter, up from $1.40 billion in the first. Analysts said the company could endure some troubles in the months ahead, until the full impact of a top management restructuring is seen. In January Wipro announced T.K. Kurien, a former head of its eco-energy unit, would replace joint chief executives Girish Paranjpe and Suresh Vaswani, who have since quit the firm. \"Wipro\'s restructuring process is on. It could see pain in the fiscal year and take two quarters to get back to industry growth levels,\" said Sanjeev Hota, IT analyst with Mumbai-based equity research firm Sharekan. Wipro chairman Azim Premji said the firm is seeing \"early signs of positive momentum\" from a change in senior management. Kurien has said Wipro would focus on ramping up business in key markets and boost the quality of revenues. Earlier this month, Wipro\'s rivals Tata Consultancy Services (TCS) and Infosys, said the global macroeconomic climate remained uncertain, even as demand for IT services improved. TCS, India\'s largest software outsourcer TCS showed a 28 percent rise in its first quarter net profit while Infosys posted a 16 percent rise in net profit, while giving a muted outlook.

arabstoday
arabstoday

GMT 21:21 2017 Thursday ,19 October

Shaikh Nasser praises BIDEC 2017 royal patronage

GMT 20:39 2017 Thursday ,19 October

Tesla fired hundreds of employees in past week

GMT 13:46 2017 Thursday ,19 October

Samsung's revamped Bixby takes on Amazon Alexa

GMT 21:35 2017 Wednesday ,18 October

King congratulated by Premier on BIDEC success

GMT 21:27 2017 Wednesday ,18 October

Shaikh Nasser praises Derasat efforts

GMT 11:54 2017 Wednesday ,18 October

Airbnb rentals boom across Africa

GMT 18:06 2017 Tuesday ,17 October

Three companies offering to search for MH370

GMT 19:24 2017 Sunday ,15 October

Royal Jordanian eyes operating profit this year
Arab Today, arab today
Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today india\s wipro net profit edges up Arab Today, arab today india\s wipro net profit edges up

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today india\s wipro net profit edges up Arab Today, arab today india\s wipro net profit edges up

 



Arab Today, arab today
Arab Today, arab today Designer Aql Faqih aspires to innovation

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation
Arab Today, arab today Barcelona through George Orwell’s eyes

GMT 13:44 2017 Friday ,20 October

Barcelona through George Orwell’s eyes
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Tillerson heads to Gulf, downbeat

GMT 09:23 2017 Friday ,20 October

Tillerson heads to Gulf, downbeat
Arab Today, arab today Hiring not part of Alibaba pledge

GMT 11:26 2017 Wednesday ,18 October

Hiring not part of Alibaba pledge
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today World's deepest lake in peril

GMT 15:54 2017 Friday ,20 October

World's deepest lake in peril
Arab Today, arab today Ex-French minister Dati wants tough action

GMT 10:54 2017 Thursday ,19 October

Ex-French minister Dati wants tough action
Arab Today, arab today Delhi braces for pollution 'airpocalypse'

GMT 16:07 2017 Friday ,20 October

Delhi braces for pollution 'airpocalypse'
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Sweden to get biggest car factory

GMT 14:10 2017 Friday ,20 October

Sweden to get biggest car factory
Arab Today, arab today Mercedes says recalls 400,000 UK cars

GMT 06:56 2017 Tuesday ,17 October

Mercedes says recalls 400,000 UK cars
Arab Today, arab today Actress Shery Adel happy for Egypt’s qualification

GMT 08:57 2017 Wednesday ,18 October

Actress Shery Adel happy for Egypt’s qualification
Arab Today, arab today Massacre fears spark race

GMT 19:09 2017 Thursday ,19 October

Massacre fears spark race

GMT 07:47 2017 Tuesday ,17 October

Hussein Fahmy happy for honoring in festival

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam

GMT 16:00 2017 Wednesday ,18 October

Climate-disrupting volcanoes helped topple

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 06:43 2017 Wednesday ,18 October

Fake dentists ply brisk trade

GMT 06:49 2017 Tuesday ,17 October

EasyJet, Lufthansa among seven to bid

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 20:46 2017 Thursday ,19 October

Qualcomm files lawsuits in China to ban iPhones

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday