Wipro misses Street estimates in Q1. How should you trade the IT major now?
The technology major reported a nearly 12% year-on-year (YoY) rise in consolidated net profit for the quarter ended June at Rs 2,870 crore. Consolidated revenue for the quarter increased by 6% YoY to Rs 22,831 crore.The bottomline was lower than the ET Now poll of Rs 3,040 crore, while the topline was largely in line with the expected revenue of Rs 22,870 crore
