What was the reason for the weak performance of Wipro in Q1FY23?
Answer
Answer
Wipro reported -21% fall in net profits for Q1FY23 quarter at Rs2,564 crore with sequential fall of -16% on the back of higher travel, manpower rnad attrition costs. However, revenues grew at a robust 17.9% in the quarter to Rs21,258 crore with 3-5% CC guidance.