Wipro ADRs fall 6% as third-quarter earnings decline and deal activity declines

Wipro’s ADRs fell nearly 6% on the New York Stock Exchange after the IT services company reported its December quarter results, with investors reacting to weaker year-on-year earnings growth and subdued deal momentum despite improving margins and strong cash generation.US-listed American Depositary Receipts fell after Wipro posted a 7% year-on-year decline in consolidated net profit […]