Wipro Ltd ADR

WIT: XNYS (USA)
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Wipro Earnings: Bookings Weakness Continues; Layoff Provides Temporary Margin Support

Wipro's second-quarter revenue of INR 248 billion increased 0.6% year over year in constant currency. Operating margin improved 50 basis points sequentially to 16.5%. Total contract value of $2.6 billion and large deal bookings of $674 million were both at the lowest level in more than three years.

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