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Wipro Q4 takeaways: Strong guidance, deal wins may lift stock on Friday


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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How Wall Street's greatest hedge fund manager got it all wrong on Tata Motors


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MUMBAI: Jim Simons, considered one of the greatest money managers to ever walk on Wall Street, is credited with revolutionising global equity markets by introducing computer model-based trading strategies.
His hedge fund Renaissance Technologies, which uses quantitative strategies to make money for its clients, is the undisputed king of hedge funds, when it comes to performance.
In his book The Man Who Solved The Market, Gregory Zuckerman said that Simons flagship Medallion Fund generated annual returns of 66 per cent CAGR since 1988, beating the likes of Peter Lynch, Ray Dalio and even Warren Buffett.
Yet, the greatest money-maker in the world perhaps did not see the head-spinning rally in the shares of Tata Motors coming. ....

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