Categories Earnings, Technology

Wipro (NYSE: WIT): Q3 2020 Earnings Snapshot

— Wipro Limited (NYSE: WIT) reported its third-quarter 2020 earnings of $0.06 per share, in line with the Wall Street projection.

— Gross revenue rose by 2.7% to $2.2 billion. This came in line with the consensus estimates.

Earnings Update by AlphaStreet

— IT Services segment revenue grew by 2.2% sequentially to $2.09 billion. Non-GAAP constant currency IT Services segment revenue increased by 1.8% quarter-over-quarter.

— The company expanded operating margins by 0.3% aided by a favorable movement in the currency. The company remains focused on deepening customer relationships, converting funnel and winning large deals.

— Looking ahead into the fourth quarter, the company expects revenue from the IT Services business to be in the range of $2.095-2.137 billion. This translates to a sequential growth of 0-2%.

Get access to timely and accurate verbatim transcripts that are published within hours of the event.

Most Popular

Salesforce stock hit by weak guidance, co-CEO’s exit. What next?

For technology stocks, 2022 has been a challenging year, with companies losing significant market value amid prolonged stock selloff. In that respect, Salesforce, Inc. (NYSE: CRM) is among the worst-affected

Macy’s (M): Here’s a look at the retailer’s expectations for the near term

Shares of Macy’s Inc. (NYSE: M) were down on Thursday. The stock has gained 36% over the past three months and 18% over the past one month. The company’s sales

KR Earnings: Kroger Q3 sales, profit increase and top expectations

Department store chain The Kroger Co. (NYSE: KR) on Thursday said its third-quarter sales and adjusted earnings increased year-over-year. The latest numbers also exceeded the market's expectations. Net earnings attributable to

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top