Wipro Misses Quarterly Revenue Estimates as Spending Slows
Wipro reported fourth-quarter revenue of 242.36 billion rupees, missing analyst expectations. The firm cited reduced tech spending and slower business from key clients for the results.
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The software services provider WIPRO LTD reported fourth-quarter revenue that missed market expectations on Thursday, as global clients reduced their technology spending. The company, which ranks as the fourth-largest software firm in India, also noted a slowdown in business from key customers.
