Investing.com -- Wipro (NYSE: WIT ), the fourth largest IT exporter in India, saw its shares fall by up to 6.3% on Thursday.
The drop came a day after the company projected a weak performance in the June quarter, intensifying worries about weak demand previously highlighted by its competitor, TCS.
On Wednesday, Wipro predicted that its revenue in the first quarter would decrease sequentially between 1.5% and 3.5%.
Srini Pallia, the Chief Executive, stated that "uncertainties have dramatically increased" as they move into the new fiscal year.
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