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Wipro shares fall over 4 per cent after Q4 result

The firm reported a 2 per cent rise in quarterly profit, beating estimates thanks to a rise in its Western clients' technology spending.

BT Online Bureau   New Delhi     Last Updated: April 22, 2015  | 10:55 IST
Wipro shares fall over 4 per cent after Q4 result
Photo: Reuters

Shares of Wipro, India's third-biggest software services exporter, fell over 4 per cent in the early trade on Wednesday after the company announced its fourth quarter results on Tuesday.

The firm reported a 2 per cent rise in quarterly profit, beating estimates thanks to a rise in its Western clients' technology spending.

For its fourth quarter ended on March 31, Wipro's consolidated net profit rose to Rs 2,272 crore.

Shares of the company were trading at Rs 553.90 apiece, down by 4.30 per cent at 10:34 am.

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