Investing.com - Wipro ADR reported on Tuesday first quarter earnings that beat analysts' forecasts and revenue that was inline with expectations.
Wipro ADR announced earnings per share of ₹0.06 on revenue of ₹1.98B. Analysts polled by Investing.com anticipated EPS of ₹0.05 on revenue of ₹1.98B.
Wipro ADR shares are down 8.53% from the beginning of the year and are trading at ₹3.43 , down-from-52-week-high.They are under-performing the EUR/USD which is down 0% from the start of the year.
Wipro ADR shares gained 1.18% in intra-day trade after the report.
Wipro ADR follows other major Technology sector earnings this month
Wipro ADR's report follows an earnings beat by Oracle on Tuesday, June 16, 2020, who reported EPS of ₹1.2 on revenue of ₹10.44B, compared to forecasts EPS of ₹1.14 on revenue of ₹10.45B.
Accenture had beat expectations on Thursday, June 25, 2020 with third quarter EPS of ₹1.9 on revenue of ₹10.99B, compared to forecast for EPS of ₹1.86 on revenue of ₹10.72B.
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