CMP : 457
Target Price : 590
Wipro posted below expectations results for 3QFY2017. The Company’s IT
services recorded revenues of US$1,903mn (US$1,919mn expected) v/s
US$1,916mn in 2QFY2017, a qoq de-growth of 0.7%. Revenue in Constant
Currency (CC) came at 0.6% qoq. In Rupee terms, revenues came in at
Rs13,688cr (Rs14,096cr expected) v/s Rs13,766cr in 2QFY2017, dip ..