In dollar terms, Wipro registered a growth of 1.3 percent beating bigger players like Infosys and Tata Consultancy Services (TCS). Wipro’s Q3 dollar revenue also grew 3.7 percent sequentially - is a 12-quarter high.
The company also reported a 40 basis point rise in its operating margin but at 21.8 percent margins were much lower than Infosys and TCS, reports said.
Sources said as of 09.45 am on Monday, Wipro traded 7.7 percent higher at Rs 597.75 outperforming the broader IT sub-index on the National Stock Exchange (NSE) which traded 0.7 percent higher.
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.