Wipro Q4 profit meets target, but Q1 guidance disappoints
With a new leaner organisational structure, I-T major Wipro managed to deliver results in line with expectations with net sales up 6 per cent at Rs 8302 crore and net profit up over 4 per cent at Rs 1375 crore. But what spooked the markets was the weak revenue forecast for the next quarter, a growth of negative 0.4 per cent to 1.57 per cent.
