Wipro Shares Rise 3% After Second-Quarter Revenue Beat
Wipro shares rose 3% Friday as investors responded to a second-quarter revenue beat and signs delayed large deals could support growth, despite weak deal bookings and a subdued near-term outlook.
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03:57:51 AM UTC
SquawkNews
India's Wipro gains after revenue beat offsets concerns over weak deal wins
04:24:39 AM UTC
SquawkNews
India's Wipro gains after quarterly revenue beat offsets concerns over weak deal wins
Wipro shares climbed 3% on Friday, with investors responding to the IT firm's second-quarter revenue beat and indications that delayed large deals may support growth in coming quarters. Those factors outweighed concerns about weak deal bookings and a subdued near-term outlook.