Mid-guidance sequential growth of 4.1% saw Wipro’s Q223 revenue reach $2.8bn. The 12.9% yoy constant currency increase in sales for the three months ended 30th September was accompanied continuing flow of large deals wins. This helped to lift the company’s order book at the end of the period by nearly a quarter over the same point in the prior year. Operating margin, which had declined in each of the five previous quarters (see here), held firm qoq at 15.1% but landed 270 bps down against Q222.

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