Economic TimesLean R·
Wipro's strong deal wins offset by weak revenue and margin decline
ET Intelligence Group: Wipro reported sustained momentum in order bookings and large deal wins for the June quarter. However, its revenue fell 1.4% sequentially to $2,614.5 million after a marginal improvement seen in the previous three quarters while operating margin contracted by 130 basis points to 16%, the lowest since the December 2023 quarter when it was at the same level. The country's fourth largest software exporter continued to show weakness in execution as clients took more time to r…
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