Wipro Ltd

507685: XBOM (IND)
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Wipro Earnings: Turnaround Frictions Show Challenges From a Volatile Operating Environment

Wipro's fourth-quarter revenue grew 8% year over year to INR 242 billion, benefiting from the Indian rupee's weakness. The company's full-year operating margin expansion of 20 basis points was healthy, but its fourth-quarter operating margin contraction over last year missed our expectations.

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