Wipro Announces Results For The Quarter Ended June 30, 2023, Delivers Net Income Growth Of 12% YoY; Total Bookings Of $3.7B For The Quarter
Portfolio Pulse from Happy Mohamed
Wipro Limited (NYSE:WIT) announced its Q2 2023 results, reporting a 12% YoY increase in net income and total bookings of $3.7 billion. Gross revenue increased by 6.0% YoY to $2.8 billion, and IT Services Segment Revenue increased by 0.8% YoY. The company expects revenue from its IT Services business segment to be between $2,722 million and $2,805 million for Q3 2023.
July 13, 2023 | 1:33 pm
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POSITIVE IMPACT
Wipro's Q2 2023 results show strong performance with a 12% YoY increase in net income and total bookings of $3.7 billion. This could potentially boost investor confidence.
Wipro's strong Q2 2023 results, including a 12% YoY increase in net income and total bookings of $3.7 billion, indicate a positive financial performance. This could potentially boost investor confidence and have a positive impact on the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100