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Wipro Fourth-Quarter Profit Falls 20 Percent

Net profit fell to 18.03 billion rupees ($269.99 million) in the three months ended March 31, from 22.61 billion rupees a year earlier, Wipro said on Wednesday

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Wipro Ltd, India's third-biggest software services exporter by revenue, reported a 20.3 percent fall in fourth-quarter net profit, missing analyst estimates.

Net profit fell to 18.03 billion rupees ($269.99 million) in the three months ended March 31, from 22.61 billion rupees a year earlier, Wipro said on Wednesday.

Analysts on average expected the company to make a profit of 21.32 billion rupees, according to Thomson Reuters data.

Revenue from operations fell 1.6 percent to 137.69 billion rupees.


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