Wipro Drops Most Since April, Analysts Await Broader Recovery

(Bloomberg) — Shares of Wipro Ltd. slipped the most intraday in six months after its quarterly profit missed estimates, with some analysts saying they want to see more evidence of business recovery under the new leadership.

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The software exporter posted July-September net income of 24.7 billion rupees on Tuesday, down 3.1% on-year and below an estimate of 25.2 billion rupees in a Bloomberg survey. The company also said it will spend as much as 95 billion rupees ($1.3 billion) buying back its shares at 400 rupees each.

Wipro’s stock slumped as much as 6.9% and was the worst performer on the benchmark NSE Nifty 50 Index on Wednesday. Investec, Antique Stock Broking and Spark Capital Advisors were among brokers that downgraded the stock.

“We await further evidence of execution of Wipro’s refreshed strategy and a successful turnaround from its growth struggles over the last decade before turning more

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What engineers, data scientists, business analysts make at LinkedIn

Landing a job at LinkedIn can mean earning a six-figure salary.

LinkedIn is the largest online professional network, and the company has more than 10,000 employees worldwide. Much like other tech companies, LinkedIn pays its employees well. However, the company cut 960 jobs because of the reduced demand for recruitment products during the pandemic, Business Insider previously reported.

Business Insider analyzed the US Office of Foreign Labor Certification’s 2019 disclosure data for permanent and temporary foreign workers to find out how much LinkedIn paid employees for jobs, from entry-level titles to executive roles. The salary data is based on jobs in the US.

LinkedIn applied for 779 visas in 2019, specifically for roles related to software engineering, data science, product management, business analysis, and more. The salary ranges reflected below come from multiple records for the same job. Performance bonuses, signing bonuses, and compensation other than base salaries are not

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