Wipro – Shares of the Azim Premji-led IT company fell as much as 7 percent…, the most in over 20 months, to Rs 263.35 despite beating earnings estimates in June quarter.
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Net profit rose 16.3 percent over the previous quarter to Rs 2,094 crore in the April-June period, according to the company’s exchange filing….
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That compares with Rs 1,975 crore estimated by analysts tracked by Bloomberg.
Revenue grew 3.4 percent to Rs 14,231 crore, higher than the Rs 13,981-crore estimate. Revenue in dollar terms, however, fell 1.7 percent to $2,026 million.
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