Wipro Q4 takeaways: Strong guidance, deal wins may lift stock on Friday
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Wipro’s quarterly revenue growth run rate has continued to tick higher in a strong demand environment for IT companies. The company said that revenue growth guidance does not include the impact from acquisition of Capco.
TOI.in
Despite a seasonally weak quarter, analysts said that the company’s $1.4 billion deal wins in the December quarter was better-than-expected.
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Wipro today reported better-than-expected earnings for the quarter ended March.
The company’s consolidated revenues grew close to 4 per cent on a sequential basis, while bottomline fell nearly 1 per cent. The company outperformed Street’s expectations on both metrics.
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