Wipro reports flat Q1 EPS at 4 cents; revenue falls 2% to $2.58 billion, with analysts maintaining bearish sentiment.

• Revenue missed last year’s level; analysts expected similar results; EPS met expectations with no YoY growth.
• Shares down 2% this quarter, 16.4% YTD; analysts maintain “sell” rating amid weak earnings outlook.
• Median price target $2.58, 15% below current price; peer IT firms hold stronger “buy” consensus.