India’s Wipro Reports Surprise Q2 Revenue Drop
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BENGALURU (Reuters) – India’s fourth-largest IT services provider Wipro reported a surprise drop in second-quarter revenue on a weak deal pipeline amid uncertain demand from clients.
The Bengaluru-based company’s consolidated revenue from operations declined 0.1% to 225.16 billion rupees ($2.70 billion) for the three months to September 30 from a year earlier, against estimates of 228.10 billion rupees, according to LSEG data.
($1 = 83.2420 Indian rupees)
(Reporting by Varun Vyas and Indranil Sarkar in Bengaluru; Editing by Sonia Cheema)
Copyright 2023 Thomson Reuters.
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