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wipro: Wipro result very poor with profit and revenue below expectation: Mahantesh Sabarad

Wipro s performance in Europe has been disappointing, with execution delays being the root cause. Both profit and revenue figures have dropped. The weakness is expected to continue in Wipro s consulting business, particularly in Europe. The company s guidance for Q3 FY24 is also lower than expected, with a range of -3.5% to -1.5% in constant currency terms. This is seen as a disappointment, as analysts were hoping for a guidance starting from 0 to 1.5%. Overall, the guidance and performance of Wipro have been underwhelming. ....

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