— 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
Infographic: Highlights of Halliburton’s (HAL) Q1 2024 earnings results
Energy giant Halliburton Company (NYSE: HAL) Tuesday announced financial results for the first quarter of 2024, reporting lower earnings and a modest increase in revenues. First-quarter revenue edged up 2%
UPS Earnings: United Parcel Service Q1 2024 revenue and earnings fall
United Parcel Service, Inc. (NYSE: UPS) Tuesday reported lower revenues and adjusted profit for the first quarter of 2024. The company reaffirmed its full-year 2024 guidance. On an adjusted basis,
Key highlights from Philip Morris’ (PM) Q1 2024 earnings results
Philip Morris International Inc. (NYSE: PM) reported first quarter 2024 earnings results today. Net revenues increased 9.7% year-over-year to $8.8 billion. Organic revenue growth was 11%. Net earnings attributable to
