Wipro ADRs surge 5% to two-month high despite Q2 profit dip: Is anti-AI trade driving gains?
Wipro ADRs rose 5% to a nearly two-month high despite muted September-quarter results. Revenue increased modestly, while net profit and deal bookings declined. The company forecast Q3 IT services revenue of $2.571 billion to $2.625 billion, and its CEO expressed optimism about upcoming bookings.
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