|Day's Range||2,564.00 - 2,596.50|
|52 Week Range||2,051.90 - 2,744.80|
|PE Ratio (TTM)||19.28|
|Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
MUMBAI/BENGALURU, April 25 (Reuters) - Wipro Ltd, India's third-biggest software services exporter, said cancellations of healthcare projects and weak retail spending in its key U.S. market would hit revenue growth. Headquartered in the south Indian technology hub of Bengaluru, Wipro said on Tuesday that its consolidated net profit grew 0.4 percent to 22.67 billion rupees ($353 million) in its fiscal fourth quarter to March. "We have had certain project cancellations in our healthcare business which will have an impact in Q1," Wipro Chief Executive Abidali Z. Neemuchwala told reporters, adding that the weaker forecast was also due, in part, to retail clients holding back on spending.
Plans to reform the U.S. visa system are bad news for the likes of Infosys and Tata Consultancy Services.
President Donald Trump on Tuesday ordered a review of the U.S. visa program for bringing high-skilled foreign workers into the country, putting technology firms and the outsourcing companies that serve them on notice that possible changes may be ahead. Seeking to carry out a campaign pledge to put "America First," Trump signed an executive order on the H-1B visa program.