Wipro ADRs surge 5% to two-month high despite Q2 profit dip: Is anti-AI trade driving gains?
60-Word AI Digest
Wipro ADRs rose 5% to a nearly two-month high despite muted September-quarter results. Revenue increased modestly, while net profit and deal bookings declined. The company forecast Q3 IT services revenue of $2.571 billion to $2.625 billion, and its CEO expressed optimism about upcoming bookings.
Key Takeaways
- Wipro ADRs rose 5% to a nearly two-month high despite muted September-quarter results.
- Revenue increased modestly, while net profit and deal bookings declined.
- The company forecast Q3 IT services revenue of $2.571 billion to $2.625 billion, and its CEO expressed optimism about upcoming bookings.
Wipro ADRs rose 5% to a nearly two-month high despite muted September-quarter results. Revenue increased modestly, while net profit and deal bookings declined. The company forecast Q3 IT services revenue of $2.571 billion to $2.625 billion, and its CEO expressed optimism about upcoming bookings.
Original Publisher Attribution
This summary was curated from Livemint.