Wipro ADR drops 3% on NYSE after IT major forecasts weak Q1 revenue amid global uncertainty on Trump tariffs

Wipro ADR: American Depository Receipt (ADR) shares of India’s fourth-largest IT services company witnessed a drop on the New York Stock Exchange (NYSE) after declaring its January-March quarter results for fiscal 2024-25 (Q4FY25). Wipro ADR last rose 3.19 per cent to $2.73 on the American stock exchange after the IT major forecast a weak Q1 quarter of FY26 amid global uncertainty triggered by US President Donald Trump’s tariff policies.

US-listed shares of Wipro fell five per cent at $2.71 in premarket trading after the IT major said it expects revenue in the April–June quarter to fall between 1.5 per cent and 3.5 per cent.