Wipro share price rises over 3% despite weak Q1 earnings
Share of Wipro rose over 3% in the early trade today despite the IT software company reporting a fall in Q1 revenue, EBIT and margins on a sequential basis. It also saw slowdown in growth areas like BFSI due to stress in capital markets and the European banking space.
Last Updated: July 18, 2019 | 13:51 IST
The IT major released first quarter earnings post market trading hours on Wednesday, stating, "The company had posted consolidated net profit of Rs 2,120.80 crore in the same quarter last year."