WIT - Wipro misses Q2 top-line and bottom-line estimates; issues Q3 guidance
2023-10-18 09:12:17 ET
- Wipro press release ( NYSE: WIT ): Q2 GAAP EPS of $0.06 misses by $0.01 .
- Revenue of $2.71B (-0.1% Y/Y) misses by $40M .
- Large deal bookings reach $1.3 billion, an increase of 79% Y/Y and 6% Q/Q.
- Total bookings of $3.8 billion, mark a 6% Y/Y increase.
- Q3 guidance: "We expect revenue from our IT Services business segment to be in the range of $2,617 million to $2,672 million. This translates to sequential guidance of -3.5% to -1.5% in constant currency terms.
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Wipro misses Q2 top-line and bottom-line estimates; issues Q3 guidance