Wipro Jumps 4% on Strong Q1

  Published 8 months ago

Wipro stock rises 4% after beating Q1 forecasts, driven by Americas growth and $5 billion in large deal wins.

  • Net profit up 11% and revenue rises 0.8%, outperforming TCS and HCLTech’s weaker results this quarter.
  • Six brokerages upgraded Wipro post-earnings; ten raised price targets after strong client spending trends.
  • Wipro expects flat September quarter revenue, but large deals concentrated with top clients signal growth potential.

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