Wipro posts third revenue drop in a row
Hindustan Times|October 19, 2023
Wipro Ltd saw its quarterly dollar revenue fall 2.3% sequentially in the September quarter, marking the third straight such decline for the fourth-largest Indian IT services firm.
Varun Sood
Wipro posts third revenue drop in a row

Bengaluru-based Wipro's performance in the first six months of the current financial year has lagged behind its larger rivals, with the company's revenue in the April-September period declining 1.5% from a year earlier. During this period, Tata Consultancy Services Ltd (TCS), Infosys Ltd and HCL Technologies Ltd recorded a dollar revenue growth of 5.7%, 3.7% and 5.2%, respectively.

Considering that the second half of the financial year is weaker than the first half for IT services companies, Wipro risks clocking a full-year revenue decline in FY24.

هذه القصة مأخوذة من طبعة October 19, 2023 من Hindustan Times.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة October 19, 2023 من Hindustan Times.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

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