Wipro Ltd.

NSE: WIPRO | BSE: 507685 | ISIN: INE075A01022 | Industry: IT Consulting & Software
| Falling Comet

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Wipro Ltd.
22 Jul 2019
235.75
-2.58%
Geojit BNP Paribas
Wipro witnessed 1.8% QoQ declines in IT Services revenue in Q1FY20 in dollar terms (-0.7% QoQ in CC terms and within the guided range of -1.0% to +1.0%). Sequential declines were primarily driven by weaker contribution from health business (-2.1% QoQ) and manufacturing business (-1.2%). Meanwhile, Consumer business continued to witness strong growth (+6.9% QoQ), followed by BFSI (+2.9%) and technology vertical (+1.4%). Geographically, revenue growth in India remained strong (+12.0% QoQ), which was more than offset by slowness in all other regions with ROW declining...
Wipro Ltd. has an average target of 260.73 from 11 brokers.
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