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Motilal Oswal Report
Wipro Ltd. reported better-than-expected revenue growth for the quarter (2% QoQ constant currency versus estimate 0.5%).
Broad-based recovery across verticals, continued margin resiliency, and strong cash generation were the key positives for the company.
A robust deal pipeline and improved demand present an encouraging outlook.
Management guidance for revenue growth (1.5-3.5% QoQ constant currency) in Q3 FY21 stands above our estimate of 0-2%, which is another key positive.
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