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Wipros quarterly net below forecast
Bangalore, October 23, 2008 : Wipro Ltd, India's third-biggest software services exporter, missed estimates with a 1.2 percent rise in quarterly net profit on Wednesday, joining their rivals in giving a muted forecast due to deteriorating global economic conditions.
The company forecast its IT services revenue this quarter would rise to $1.12 billion, barely ahead of its July-September revenue of $1.11 billion.
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Story first published: Thursday, October 23, 2008, 17:48 [IST]
