American depository receipts of Wipro fell over 8% to close at $5.76 on the New York Stock Exchange.
On Tuesday, the company’s shares fell nearly 3% to Rs 494.60 after the investors started booking profit as the market reached a record high and settled at Rs 485.75.
The company reported a consolidated net profit of Rs 2,694 crore, up 1% quarter on quarter.
Wipro’s revenue from operations stands at Rs 22,205.10 crore, down 4.4% against Rs 23,229.00 crore during the third quarter of FY23.
The company’s total income came in at Rs 22,803.00 crore, and the total expenses incurred during the third quarter were Rs 19,250.50 crore.
The company expects the revenue from IT Services business to be from $2,615 million to $2,669 million. This is a guidance of -1.5% to +0.5% in constant currency terms.
“In a seasonally soft quarter, deal booking momentum remained strong. Our large deals recorded a 20% year-to-date growth. Further, we are starting to see early signs of a return to growth in Consulting, as demonstrated by the double-digit growth in order bookings in our Capco
business,” said Thierry Delaporte, chief executive officer and managing director.