Wipro's US-listed shares rise on Q2 revenue beat

Wipro

15/10/2026 15:06

** US-listed shares of India's fourth-largest IT company Wipro WIT.O up 4.44% to $1.88
** WIT reports Q2 consolidated revenue of 247.53 billion rupees ($2.60 billion), a tad above analysts' average estimate of 246.27 billion rupees - data complied by LSEG
** Co forecasts Q3 revenue to range from a 1.5% decline to 0.5% growth versus analysts' expectations for a 2% decline to flat growth 
** Co reports a net profit of 32.01 billion rupees, missing analysts' estimates of 33.69 billion rupees 
** Two of 7 brokerages rate the stock "hold" and 5 "sell"; median PT $1.65 
** Stock trading at 12.79 times expected EPS over the next 12 months, below industry median of 20.19
** Including session's move, WIT down over 34% YTD
     
($1 = 95.0550 Indian rupees)

 (Reporting by Jayasree Prabhu)
 ((Jayasree.Prabhu@thomsonreuters.com))