India's Wipro misses first-quarter revenue view
16/07/2026 11:21
India's Wipro misses first-quarter revenue view BENGALURU, July 16 (Reuters) - India's No.4 software services provider Wipro WIPR.NS posted lower-than-expected first-quarter revenue on Thursday, with clients holding back non-essential tech spending as geopolitical uncertainty and AI-led disruption weighed on the sector.
Consolidated revenue in the three months ended June 30 rose 10.6% to 244.79 billion rupees ($2.54 billion) year-on-year, missing analysts' average estimate of 247.76 billion rupees, according to data compiled by LSEG.
($1 = 96.3450 Indian rupees)
(Reporting by Haripriya Suresh in Bengaluru; Editing by Sonia Cheema)
Recent news on Wipro
See all newsJefferies sees re-rating potential for select IT stocks; sub-index jumps 2%
India's battered IT stocks head for best week in 18 years on earnings boost
IT stocks continue to power Indian shares higher; Nifty eyes best week in six months
India's Wipro gains after quarterly revenue beat offsets concerns over weak deal wins (updated)
India's Wipro gains after revenue beat offsets concerns over weak deal wins