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Invezz
1 month ago
Wipro stock plunges 3%: is Indian IT stuck in a slow-growth trap?
Wipro stock fell after the Indian IT services company issued a weak revenue outlook for the upcoming quarter, reviving investor concerns about demand, execution and the pace of any recovery in the sector. The softer guidance suggests clients remain cautious, particularly among banking and financial services customers in key overseas markets, while the conversion of deals into revenue continues to take longer than the market had hoped.