Wipro Reports Q4 Revenue of INR228.612B Vs INR238.215B YoY, EPS of INR5.41 Vs INR5.60 YoY
Portfolio Pulse from Benzinga Newsdesk
Wipro reported a Q4 revenue of INR228.612 billion, a decrease from INR238.215 billion year-over-year. Earnings per share (EPS) also fell to INR5.41 from INR5.60 in the same period.
April 19, 2024 | 10:33 am
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Wipro's Q4 earnings report shows a decline in both revenue and EPS year-over-year, indicating potential pressure on its stock price in the short term.
The decline in both revenue and EPS year-over-year is a negative signal for investors, typically leading to bearish sentiment in the short term. Given Wipro's position in the market, these results could lead to downward pressure on its stock price as investors recalibrate their expectations based on the company's financial health.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100