India’s Wipro Shares Slide Premarket on Weak Q3 IT Services Forecast
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BENGALURU (Reuters) – Shares of India’s fourth-largest IT services provider Wipro fell 3.8% in premarket trading on Thursday after the company forecast a drop in third-quarter IT services revenue.
The Bengaluru, Karnataka-based company also posted a surprise dip in its second-quarter revenue to 225.16 billion rupees ($2.70 billion) from a year earlier.
($1 = 83.2500 Indian rupees)
(Reporting by Varun Vyas in Bengaluru; Editing by Mrigank Dhaniwala)
Copyright 2023 Thomson Reuters.
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