WIT - Wipro GAAP EPS of $0.07 in-line revenue of $2.81B misses by $30M
- Wipro press release ( NYSE: WIT ): Q3 GAAP EPS of $0.07 in-line.
- Revenue of $2.81B (+4.1% Y/Y) misses by $30M .
- IT services revenue increased 10.4% Y/Y and operating margin improved to 16.3%.
- Total bookings up by 26% and large deal bookings up by 69% Y/Y.
- Operating cash flows at 143% of net income for the quarter.
- Top 5 clients grew 15.7% Y/Y and top 10 clients grew 14.7% Y/Y.
- "We expect revenue from our IT services business for the full year to be in the range of 11.5% to 12.0%, in constant currency terms."
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Wipro GAAP EPS of $0.07 in-line, revenue of $2.81B misses by $30M