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Q1 Results: Wipro’s Profit Beats Estimates, Margin Expands

Wipro’s margin expands in first quarter.

Mahima Kapoor
Abidali Neemuchwala, chief executive officer of Wipro Ltd. (Photographer: Jacob Kepler/Bloomberg)

Wipro Ltd.’s quarterly profit beat estimates and India’s third-largest software services provider forecast a higher-than-expected growth.

Shares of the company closed 1 percent lower compared with a 1.5 percent gain in the Nifty IT Index ahead of its earnings.

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