Wipro's shares dropped 8% after Q1 revenue fell 3.8% and missed investor expectations.
India's IT giant, Wipro, saw its shares drop over 8% after disappointing Q1 results, with revenue falling 3.8% to Rs 21,963.8 crore, missing investor expectations. Its growth guidance for the current quarter was flat sequentially, while rivals like TCS, Infosys, and HCLTech reported strong results. Wipro's deal wins declined 11% from the previous year, and several analysts reduced their ratings on the firm's stock.
July 22, 2024
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