Wipro
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Wipro ADR Surges 17% Following Strong Quarterly Results
Despite a marginal 1.4% quarter-on-quarter (QoQ) decrease, Wipro reported gross revenue of Rs 222.1 billion. The IT services segment revenue stood at $2,656.1 million, reflecting a 2.1% QoQ decline. Non-GAAP constant currency IT services segment revenue experienced a 1.7% QoQ decrease.
Wipro's Net Profit Slides 11.7% to Rs 2,694 Crore in December Quarter
Specifically, the IT Services segment revenue for Wipro dropped by 4.5% year-over-year, totaling Rs 22,150.8 crore in the reported quarter, down from Rs 23,196 crore in the same period of 2022.
Wipro appoints Brijesh Singh as global AI head
Singh has over 30 years of experience in technology consultancy and was previously a Senior Partner at Deloitte, where he was responsible for driving AI and data-led transformation.
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