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IT Giant Wipro Reports Flat Net Profit In Q2 Amid Global Economic Uncertainty
Credit: Zee News- Published on October 18, 2023
The Indian IT services sector has been contending with soft demand for the last three quarters as clients delayed deal-making decisions or are outright cutting back on expenditure. Businesses are reducing spending on discretionary IT projects amid steep inflation that has resulted in higher interest rates.
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IT company Wipro has reported a nearly flat growth in net profit for the September 2023 quarter and has projected a 3.5% decline in revenue for the current...
on October 18, 2023 • IndiaTimes