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Wipro Ltd managed to beat the Street's expectations on consolidated revenue and net profit for the March quarter, but the revenue guidance of (-)1.5% to 0.5% for information technology services in constant currency terms for the Apr-Jun quarter shows that pain points still persist. The better-than-expected earnings were driven by lower operational costs and large deal wins, which helped offset the impact of continued weakness in discretionary IT spending and adverse macroeconomic conditions.
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