- Range-bound Wipro (NYSE:WIT) is up strongly after posting in-line FQ3 EPS to go with a slight revenue miss, and guiding for FQ4 IT services revenue of $1.814B-$1.850B. Consensus for total FQ4 revenue is at $1.98B.
- The IT outsourcing giant has also announced CFO Suresh Senapaty will retire on March 31. Finance SVP Jatin Dalal will succeed him.
- IT services revenue totaled $1.795B in FQ3, up 7% Y/Y but slightly missing guidance of $1.808B-$1.842B. IT products revenue totaled $123M. 44 new IT Services customers were added vs. 50 in FQ2.
- FQ3 results, PR (.pdf)