Business

Wipro Earnings Decline: ICICI Securities Lowers Target to ₹410

Moneycontrol

Wipro's Q4FY24 shows mixed results with a decline in revenue but improved margins. ICICI Securities lowers target to ₹410; what’s next for Wipro?

Wipro reports a 0.3% revenue decline in Q4FY24.

IT services EBIT margin rises to 16.4%, up 40bps QoQ.

Bookings strong at USD 3.6 billion despite economic headwinds.

ICICI Securities revises target price to ₹410, rating changed to REDUCE.

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