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 […]

Strong order flow and margin improvement to support Persistent’s growth

Shares of Persistent Systems have risen 8% in the three trading sessions since the company reported second-quarter results on Oct. 14. The mid-sized IT exporter reported better-than-expected sequential revenue growth, operating margin expansion and record order booking for the September quarter. A recovery in the healthcare sector and a quarterly postponement of the salary review […]