BENGALURU, July 16 (Reuters) – India’s No.4 software services provider Wipro posted lower-than-expected first-quarter revenue on Thursday, with clients holding back non-essential tech spending as geopolitical uncertainty and AI-led disruption weighed on the sector.
Consolidated revenue in the three months ended June 30 rose 10.6% to 244.79 billion rupees ($2.54 billion) year-on-year, missing analysts’ average estimate of 247.76 billion rupees, according to data compiled by LSEG.
($1 = 96.3450 Indian rupees)
(Reporting by Haripriya Suresh in Bengaluru; Editing by Sonia Cheema)
