Apr 25, 2012, 10.36 AM | Source: Reuters

Wipro expects stable pricing in 2012/13

WIPRO-RESULTS-PRICING:Wipro expects stable pricing in 2012/13

BANGALORE (Reuters) - Wipro Ltd , India's No. 3 software exporter, expects prices for its services to remain stable in the fiscal year that started on April 1, Chief Financial Officer Suresh Senapaty said on Wednesday.

The company roughly met expectations with a 7.7 percent rise in quarterly net profit, and forecast muted revenue growth for its key IT services unit due to a fragile global economy, sending its shares down nearly 8 percent.

(Reporting by Harichandan Arakali; Editing by Ranjit Gangadharan)


video of the day

Like Bank Nifty; mkt has strong support at 7700: PhillipCap

Explore Moneycontrol

Copyright © e-Eighteen.com Ltd. All rights reserved. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express written permission of moneycontrol.com is prohibited.