 "Wipro dips on weak Q2 results")
Wipro has dipped 4% to Rs 559 on National Stock Exchange (NSE) after reporting a flat consolidated net profit at Rs 208 crore for second-quarter ended September 2014 Q4). The company had profit of Rs 210 crore in June quarter.
Revenues were up 5% at Rs 11,816 crore on sequential basis.
Analyst on an average had expected net profit of Rs 2,122 on revenues of Rs 11,661 crore for the quarter.
In dollar terms, the company reported $1,771.5 million in revenues, a sequential growth of 1.8% - slightly below the Street's estimates of two per cent. For the July-September quarter of FY15, Wipro had given a revenue growth forecast of $1,770-$1,810 million.
The stock opened at Rs 560 and hit a low of Rs 554 on NSE. A combined 510,000 shares changed hands so far on NSE and BSE.
Revenues were up 5% at Rs 11,816 crore on sequential basis.
Analyst on an average had expected net profit of Rs 2,122 on revenues of Rs 11,661 crore for the quarter.
In dollar terms, the company reported $1,771.5 million in revenues, a sequential growth of 1.8% - slightly below the Street's estimates of two per cent. For the July-September quarter of FY15, Wipro had given a revenue growth forecast of $1,770-$1,810 million.
The stock opened at Rs 560 and hit a low of Rs 554 on NSE. A combined 510,000 shares changed hands so far on NSE and BSE.