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Wipro forecasts another quarter of weak revenue amid project delays

Fourth-quarter net income jumps 38%

Wipro, backed by billionaire Azim Premji, has been trapped in a low-growth mode over the past few years.   © Reuters

MUMBAI (NewsRise) -- Wipro reported a 38% jump in fourth-quarter net profit, but India's fourth-largest software exporter forecast another quarter of weakness citing delays in certain new projects.

The company predicted its dollar revenue will grow 1% at best or decline 1% at worst in April-June. Most analysts were expecting Wipro to set a revenue forecast of at best a 2% increase sequentially, or no growth at worst.

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