Reported 3 days ago
Wipro has forecast a decline in revenue for the first quarter, predicting a drop of 1.5%–3.5% as clients exercise caution due to macroeconomic uncertainties. The organization's results suggest a broader trend in India's IT sector, where firms like TCS have also faced similar challenges. In contrast, Wipro's net profit increased by 26% despite expectations falling short, as various verticals struggled, particularly in energy and manufacturing.
Source: YAHOO