Wipro Ltd

507685: XBOM (IND)
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Wipro Earnings: Large Deals Support Stable Revenue Growth; Bookings Trend Concerning

Wipro's fiscal first-quarter constant-currency revenue growth of 1% year over year was at the midpoint of the guided range. Operating margin of 16% was flat with a year ago, as rupee depreciation benefits offset salary increases and continued investment in artificial intelligence.

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