Reported 2 days ago
Following a positive Q1 earnings report, analysts have shown increased confidence in Wipro Limited (NYSE:WIT), with firms like Morgan Stanley raising their price target due to significant large-deal wins and improved operating margins. Despite a slight drop in quarter-over-quarter revenue, year-over-year figures showed growth, reflecting strong performance in the IT services sector. Wipro forecasts Q2 revenues between $2.56 and $2.61 billion amidst macroeconomic uncertainties.
Source: YAHOO