World Business News

Wipro Ltd, country's No. 3 software services exporter, roughly met expectations with a 7.7 per cent rise in quarterly net profit, and forecast muted revenue growth for its key IT services unit due to a fragile global economy.

Shares in Chinese biggest search engine Baidu fell more than 10% in after hours trading after the firm issued a weaker-than-expected revenue forecast.

Video rental company Netflix Inc projected slower subscriber growth this quarter for its key U.S. video-streaming service, disappointing investors and sending its shares down 17 percent after hours.

Facebook Inc reported its first quarter-to-quarter revenue slide in at least two years, a sign that the social network's sizzling growth may be cooling as it prepares to go public in the biggest ever Internet IPO.