— 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.
— 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
Cloudera (CLDR) posts narrower loss in Q1, beats estimates
Cloudera Inc. (NYSE: CLDR) reported a narrower loss in the first quarter of 2021 driven by lower costs and expenses as well as higher revenue. The results exceeded analysts' expectations.
CrowdStrike (CRWD): Shift to digital transformation presents huge expansion opportunity
CrowdStrike Holdings Inc. (NASDAQ: CRWD) has witnessed strong momentum with the stock gaining over 96% since the beginning of the year. The company delivered strong results for the first quarter
Why Zscaler (ZS) stock reached all-time high on Monday?
Internet security has been evolving over time, aided by the rapid adoption of cloud computing, the ubiquity of mobile phones, and the growing threats that cause serious problems to enterprises