Wipro shares trade near 52-week low on disappointing Q1. What brokerages suggest
2 years, 8 months ago

Wipro shares trade near 52-week low on disappointing Q1. What brokerages suggest

Live Mint  

Shares of Wipro Ltd plunged more than 2% in Thursday's opening deals, trading near its 52-week low level after the company missed analyst estimates for June-quarter profit on Wednesday, as higher employee-related costs pushed up the information technology services firm's overall expenses. Wipro forecast higher revenue growth from IT services on the back of a strong project pipeline, and said margins likely bottomed out after higher expenses dented June-quarter profit. Weak EPS growth, a high risk of cuts to consensus estimates, and heavy reliance on acquisitions should weigh on the stock,” said analysts at Jefferies while maintaining underperform rating on Wipro shares with a target price of ₹360. Wipro's expenses during the first quarter ended June 2022, which includes employee cost, jumped almost 23% to ₹18,647.5 crore, with attrition rate at 23.3%.

Quarter Eps Estimates Services Wipro  margin  crore  target  strong  q1  estimates  quarter  trade  services  wipro  brokerages  52week  disappointing  near  revenue  suggest  low  profit  shares

History of this topic

Top stocks to buy for long term: Pankaj Pandey of ICICI Securities picks BEL, Engineers India and more
9 hours, 16 minutes ago

Top stocks to buy for long term: Pankaj Pandey of ICICI Securities picks BEL, Engineers India and more

Live Mint  

Stocks to buy for long term: Nifty's 7 per cent gain in March so far has turned it green for the year even as concerns over US President Donald Trump's aggressive tariff policies and fluctuating macro indicators persist. Despite a 17 per cent year-on-year decline in revenues for nine months, management guides flattish YoY growth for FY25, which implies 50%+ …

Wipro’s latest big bet on startups! Wipro Ventres raises nearly ₹1,740 crore in fourth round of fundraise
3 weeks, 6 days ago

Wipro’s latest big bet on startups! Wipro Ventres raises nearly ₹1,740 crore in fourth round of fundraise

Live Mint  

IT major Wipro on Wednesday said it will invest USD 200 million in its arm Wipro Ventures to accelerate its funding for startups in the technology innovation space. This marks the fourth funding round for Wipro Ventures since it began operations ten years ago, and is aimed at speeding up investments in startups at the early to mid-stage level, a …

Wipro shares in focus ahead of record date for ₹6 interim dividend tomorrow
1 month, 3 weeks ago

Wipro shares in focus ahead of record date for ₹6 interim dividend tomorrow

Live Mint  

Dividend stocks: Shares of information technology major Wipro remain in focus on Monday, January 27 ahead of the record date for an interim dividend of ₹6 apiece on Tuesday. Wipro, along with financial results, announced an interim dividend of ₹6 per share on January 17, setting January 28 as the record date for the said dividend. "The Board of Directors …

For large-cap IT investors, the wait for redemption can be a long one
1 month, 3 weeks ago

For large-cap IT investors, the wait for redemption can be a long one

Live Mint  

—Lemony Snicket 9 March 2006. “The entire beat was led by higher revenue from sale of third-party items bought for service delivery to clients that contributed incremental USD 78 mn to revenue versus reported incremental revenue for the quarter of USD 45 mn," analysts at Kotak Institutional Equities said in a note. “While large-cap IT firms’ topline growth continued to …

Eight stocks to buy and sell today — 23 January
2 months ago

Eight stocks to buy and sell today — 23 January

Live Mint  

Bharti Airtel: Current market price ₹ 1,631.75 | Buy range ₹ 1,610–1,635| Profit goal ₹ 1,850| Stop loss ₹ 1,558| Timeframe 2–3 Months Three stocks to buy, recommended by Ankush Bajaj BAJAJHLDNG: Buy at ₹11,286; target price ₹11,500-11,615; stop loss ₹11,144. WIPRO: Buy at ₹310; target price ₹325-335; stop loss ₹304 The IT index outperformed the market, with Wipro stock …

Wipro, TCS to Infosys: Why are Indian IT stocks rising despite volatile Indian stock market? EXPLAINED
2 months ago

Wipro, TCS to Infosys: Why are Indian IT stocks rising despite volatile Indian stock market? EXPLAINED

Live Mint  

Stock market today: Shares of Indian information technology companies rose in trade on Wednesday, January 22 despite high volatility in the stock market. Ross Maxwell, Global Strategy Operations Lead at VT Markets had said that Asia's economies may face volatility due to Trump's trade wars and tariffs, but some sectors — like tech and defence — could thrive. Lastly, there …

Sensex, Nifty open higher driven by a rally in IT sector stocks; Wipro gains 2%
2 months ago

Sensex, Nifty open higher driven by a rally in IT sector stocks; Wipro gains 2%

India Today  

Benchmark stock market indices gained in early trade to open higher on Wednesday after witnessing a crash in the last session. Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services said, ""President Trump’s orders and announcements, so far, have been disruptive. Wipro led the IT sector stocks with a healthy gain of 2.11%, followed by Infosys which rose 1.58%. …

Wipro fights its way back into the game
2 months ago

Wipro fights its way back into the game

Live Mint  

The enthusiasm among investors is understood, considering the earnings pain Wipro has been through due to increased weakness in its discretionary portfolio and company-specific challenges. Cost optimization remains a key theme for Wipro, but the management expects significant growth in AI spending. Problem areas Though Wipro has seen a gradual recovery in its operational performance, weakness in select verticals and …

Stocks to watch today: Wipro, Zomato, Paytm, IDBI Bank, Adani Enery
2 months ago

Stocks to watch today: Wipro, Zomato, Paytm, IDBI Bank, Adani Enery

India Today  

Stock market has seen a downward trend in the past few trading sessions, with Sensex falling over 400 points on Friday led by a decline in IT sector stocks over worries about Q3 FY25 earnings. Wipro Wipro, the IT services company, reported a 24% rise in consolidated net profit, which stood at Rs 3,354 crore. Kotak Mahindra Bank Kotak Mahindra …

TCS vs Wipro vs Infosys vs HCL Tech: Which stock to buy after Q3 results 2025?
2 months, 1 week ago

TCS vs Wipro vs Infosys vs HCL Tech: Which stock to buy after Q3 results 2025?

Live Mint  

Even though the December quarter earnings of domestic IT majors TCS, Infosys, HCL Tech, and Wipro were mixed, they did not bring many disappointments. TCS Q3 results Consolidated revenue from operations of the IT bellwether grew 5.6 per cent year-on-year to ₹63,973 crore from ₹60,583 crore in the same quarter last year. HCL Tech Q3 results HCL Tech's consolidated net …

Wipro job alert: India’s fourth-largest IT major to hire 10-12K freshers in FY26 with 2,500-3,000 every quarter
2 months, 1 week ago

Wipro job alert: India’s fourth-largest IT major to hire 10-12K freshers in FY26 with 2,500-3,000 every quarter

Live Mint  

Wipro job alert: India's fourth-largest IT services company announced that it expects freshers hiring to be between 10,000-12,000 for the next financial year 2025-26, after declaring its October-December quarter results for fiscal 2024-25 on Friday, January 17. Wipro's voluntary attrition rate rise to 15.3 per cent in the third quarter of current fiscal. The company will continue to onboard 2,500-3,000 …

Wipro Q3 Results 2025: Profit Rises by 24.48% YOY to ₹3353.8 Crore
2 months, 1 week ago

Wipro Q3 Results 2025: Profit Rises by 24.48% YOY to ₹3353.8 Crore

Live Mint  

Wipro Q3 Results 2025:Wipro declared their Q3 results on 17 Jan, 2025, reporting a topline increase of 0.51% year-over-year. Wipro Q3 Results The operating income also showed improvement, up by 4.89% quarter-over-quarter and an increase of 18.56% year-over-year. As of 18 Jan, 2025, among the 38 analysts covering the company, 7 have issued Strong Sell ratings, 12 have given Sell …

Why Wipro share price may have a gap-up opening on Monday? EXPLAINED
2 months, 1 week ago

Why Wipro share price may have a gap-up opening on Monday? EXPLAINED

Live Mint  

Wipro share price: After the end of trading activity of the Indian stock market on Friday, Wipro declared its Q3 results 2025. After this significant upside in Wipro ADR price on NYSE, market experts expect a gap-up opening for Wirpo share price on Monday. Wipro share price target On what the technical chart suggests regarding Wipro's share price outlook, Anshul …

Wipro exceeds expectations with 24.4% rise in Q3 consolidated net profit
2 months, 1 week ago

Wipro exceeds expectations with 24.4% rise in Q3 consolidated net profit

Hindustan Times  

Wipro on Friday topped street expectations with a 24.4 per cent year-on-year rise in consolidated net profit for the December quarter at ₹3,354 crore, as the top brass of India's fourth-largest IT services company guided for a "more hopeful and resilient" 2025. On Thursday, the second-largest tech firm Infosys reported 11.46 per cent rise in the third quarter net profit …

Wipro ADR rises 4% on NYSE after IT major’s net profit shoots 24% YoY to surpass Street estimates in Q3FY25
2 months, 1 week ago

Wipro ADR rises 4% on NYSE after IT major’s net profit shoots 24% YoY to surpass Street estimates in Q3FY25

Live Mint  

Wipro ADR: American Depository Receipt shares of India's fourth-largest IT services company witnessed a sharp rise on the New York Stock Exchange after declaring its October-December quarter results for fiscal 2024-25. Wipro ADR rose 4.09 per cent to $3.435 on the American stock exchange after the IT major surpassed D-Street expectations with its net profit surging 24.5 per cent in …

Wipro reports 24% rise in Q3 net profit
2 months, 1 week ago

Wipro reports 24% rise in Q3 net profit

The Hindu  

Wipro Ltd. on Friday reported a 24.5% year-on-year increase in its net profit of ₹3,353.8 crore in the third quarter of fiscal 2025. Aparna Iyer, Chief Financial Officer, said “We expanded margins for a fourth consecutive quarter, enabling us to achieve our previously stated target margin of 17.5%. Our EPS grew 24.4% YoY and operating cash flow was at 146.5% …

Wipro, Tech Mahindra revenue shrinks in Q3
2 months, 1 week ago

Wipro, Tech Mahindra revenue shrinks in Q3

Live Mint  

Wipro Ltd and Tech Mahindra Ltd ended 2024 on a weak note with sequential revenue declining in the third fiscal quarter, implying that the worst is not yet behind for the two software services providers that saw revenue contract in the previous financial year. A revenue decline at Wipro and Tech Mahindra implies that three of India’s top five IT …

Wipro Q3 attrition rate rises to 15.3%; headcount down by 1,157 to 2,32,732 employees
2 months, 1 week ago

Wipro Q3 attrition rate rises to 15.3%; headcount down by 1,157 to 2,32,732 employees

Live Mint  

Bangalore-based IT major Wipro Ltd, which announced its third-quarter results on Friday, saw its voluntary attrition rate rise to 15.3 per cent in the October-December quarter of the financial year 2024-25. The attrition rate was at 14.2 per cent in the same period in the previous financial year, according to the company's BSE filing. Wipro Q3 Results Wipro Ltd's consolidated …

Wipro Q3 earnings: Wipro Q3 net profit zooms 24.4% to ₹3,354 crore, firm tweaks capital allocation policy
2 months, 1 week ago

Wipro Q3 earnings: Wipro Q3 net profit zooms 24.4% to ₹3,354 crore, firm tweaks capital allocation policy

The Hindu  

IT services company Wipro on Friday reported a 24.4% year-on-year rise in its consolidated net profit for the just-ended December quarter at about ₹3,354 crore. Wipro board has approved a revised capital allocation policy that increases the committed payout percentage to 70% or above in a block of three years. The capital allocation policy has been revised to increase the …

Wipro share price jumps over 8% as Indian IT giant reports 24% YoY rise in net profit in Q3 results 2025
2 months, 1 week ago

Wipro share price jumps over 8% as Indian IT giant reports 24% YoY rise in net profit in Q3 results 2025

Live Mint  

Wipro share price jumped over 8% on Monday's session after the IT giant's strong Q3 Results. Wipro on Friday reported an 24.5% year-on-year rise in its consolidated net profit for the fiscal's third quarter ended December to ₹3,353.8 crore. Wipro share price today Wipro share price today opened at ₹300 apiece on the BSE, the stock touched an intraday high …

TCS shares jump nearly 5 pc post-December quarter earnings
2 months, 2 weeks ago

TCS shares jump nearly 5 pc post-December quarter earnings

Live Mint  

New Delhi, Jan 10 Shares of Tata Consultancy Services jumped nearly 5 per cent on Friday morning after the IT services company reported an 11.95 per cent jump in December quarter net profit to ₹12,380 crore. The Tata Group company had reported a net profit of ₹11,058 crore in the year-ago period and ₹11,909 crore in the preceding September quarter. …

Wipro bonus shares: Power of long-term investment! ₹10,000 turns to ₹5 lakh in 15 years
3 months, 3 weeks ago

Wipro bonus shares: Power of long-term investment! ₹10,000 turns to ₹5 lakh in 15 years

Live Mint  

Wipro share price traded marginally lower on Tuesday, December 3, as the IT stock turned ex-date for bonus issue. Wipro Bonus shares history This is the IT major’s fourth bonus issue in the last 15 years, according to data available on the BSE website. In 2010, Wipro declared a bonus issue in the ratio of 2:3, wherein two equity shares …

Wipro shares down 50%? Here's why some apps are showing the wrong price
3 months, 3 weeks ago

Wipro shares down 50%? Here's why some apps are showing the wrong price

India Today  

Wipro shares saw an unusual 50% drop on some trading apps on Tuesday, causing confusion among investors. The apparent drop is a result of Wipro’s 1:1 bonus issue, which has adjusted the share price to reflect the increased number of shares in circulation. HOW BONUS ISSUES AFFECT SHARE PRICES A bonus issue increases the number of outstanding equity shares while …

Wipro Enterprises’ revenue rises 10 pc to ₹16,902 cr in FY24; profit jumps 35 pc
3 months, 3 weeks ago

Wipro Enterprises’ revenue rises 10 pc to ₹16,902 cr in FY24; profit jumps 35 pc

Live Mint  

New Delhi, Dec 1 Azim Hasham Premji-led Wipro Enterprises has said its consolidated revenue from operations increased 9.8 per cent to ₹16,902 crore in the financial year ended March 2024 while its profit jumped 35 per cent to ₹1,903.1 crore According to an RoC filing, its total income, including other income, stood at ₹17,761.3 crore in FY24, up 11.2 per …

Wipro Share Price Today on 26-11-2024: Wipro share price are up by 0.16%, Nifty up by 0.04%
4 months ago

Wipro Share Price Today on 26-11-2024: Wipro share price are up by 0.16%, Nifty up by 0.04%

Live Mint  

Wipro Share Price Today on 26-11-2024: At 26 Nov 11:11 today, Wipro shares are trading at price ₹583.7, 0.16% up from the previous closing price. On the technical front, the stock is trading above the short term simple moving averages of 5, 10, 20 day as well as longer term moving averages of 50, 100 & 300 days. The SMA …

Wipro Share Price Today on 25-11-2024: Wipro share price are up by 1.59%, Nifty up by 1.7%
4 months ago

Wipro Share Price Today on 25-11-2024: Wipro share price are up by 1.59%, Nifty up by 1.7%

Live Mint  

Wipro Share Price Today on 25-11-2024: At 25 Nov 11:06 today, Wipro shares are trading at price ₹580.5, 1.59% up from the previous closing price. On the technical front, the stock is trading above the short term simple moving averages of 5, 10, 20 day as well as longer term moving averages of 50, 100 & 300 days. The SMA …

Wipro Share Price Today on 12-11-2024: Wipro share price are down by -0.32%, Nifty down by -1.07%
4 months, 2 weeks ago

Wipro Share Price Today on 12-11-2024: Wipro share price are down by -0.32%, Nifty down by -1.07%

Live Mint  

Wipro Share Price Today on 12-11-2024: At 12 Nov 16:01 today, Wipro shares are trading at price ₹570.4, -0.32% down from the previous closing price. On the technical front, the stock is trading above the short term simple moving averages of 5, 10, 20 day as well as longer term moving averages of 50, 100 & 300 days. The SMA …

Wipro Stock Price Today: Up 2.13%, Nifty Down 0.05%
Trending News
4 months, 3 weeks ago

Wipro Stock Price Today: Up 2.13%, Nifty Down 0.05%

Live Mint  

Wipro shares are trading up by 2.13% today, with the stock price closing at ₹574.15. The company's share price has been trading within a range of ₹561.5 to ₹578.55 throughout the day, indicating a bullish trend. The company's fundamentals, including a ROE of 14.43%, a P/E of 25.08, and a P/B of 3.59, suggest a potential upmove. However, the company's …

Wipro Stock Price Today: Up 2.13%, Nifty Down by -0.05%
4 months, 3 weeks ago

Wipro Stock Price Today: Up 2.13%, Nifty Down by -0.05%

Live Mint  

Wipro shares are trading up by 2.13% today, with the stock price closing at ₹574.15. The company's share price has been trading within a range of ₹561.5 to ₹578.55 throughout the day, indicating a bullish trend. The company's fundamentals, including a ROE of 14.43%, a P/E of 25.08, and a P/B of 3.59, suggest a potential upmove. However, the company's …

Wipro Share Price Today: Up 0.04%, Nifty Down by -0.18%
4 months, 3 weeks ago

Wipro Share Price Today: Up 0.04%, Nifty Down by -0.18%

Live Mint  

Wipro share price is trading slightly up today, with a price change of 0.04%. The stock has hit a high of ₹563 and a low of ₹553.4 during the day, and is currently trading above the short term simple moving averages of 5, 10, 20 day as well as longer term moving averages of 50, 100 & 300 days. The …

Wipro Share Price Today: Up 0.28%, Nifty Down 0.15%
5 months ago

Wipro Share Price Today: Up 0.28%, Nifty Down 0.15%

Live Mint  

Wipro shares are trading slightly up today, with the stock price increasing by 0.28%. The company's share price is currently trading at ₹547.15, with a high of ₹554.3 and a low of ₹542.25. The stock has also broken above the short-term simple moving averages of 5, 10, and 20 days, but it has fallen below the long-term moving averages of …

Reliance, Wipro weigh on Indian shares amid volatility spike ahead of Budget
8 months ago

Reliance, Wipro weigh on Indian shares amid volatility spike ahead of Budget

The Hindu  

Indian shares opened lower on July 22, dragged by Reliance Industries and Wipro after both companies posted weaker-than-expected quarterly results, while volatility spiked a day before the Union Budget was due. Oil-to-telecom conglomerate Reliance, which reported first-quarter profit below analysts' estimates on July 19 hurt by lower margins on fuel sales, lost 2.7%. Wipro, which missed quarterly revenue estimates due …

Wipro Q1 Results 2024 LIVE: Net Profit Up 4.6% YoY To Rs 3,003.2 Crore; Revenue Falls 3.8%
8 months, 1 week ago

Wipro Q1 Results 2024 LIVE: Net Profit Up 4.6% YoY To Rs 3,003.2 Crore; Revenue Falls 3.8%

News 18  

IT major Wipro on Friday declared its Q1 FY25 financial results. The IT major has posted a consolidated net profit of Rs 3,003.2 crore for the June 2024 quarter, a rise of 4.63 per cent year-on-year. Wipro Outlook for Q3 On the outlook, Wipro expects revenue from its IT services business segment to be in the range of $2,600 million …

TCS share price jumps after Q1 results, brokerages say 'worst is over' for the stock
8 months, 2 weeks ago

TCS share price jumps after Q1 results, brokerages say 'worst is over' for the stock

Hindustan Times  

Tata Consultancy Services' shares gained today after India's top IT services firm reported first-quarter results which signalled early signs of revival for the sector. TCS' growth across all verticals, excluding telecom, coupled with net hiring at a seven-quarter high, are signs of a revival, Jefferies said after TCS Chief Executive K Krithivasan said that he expects FY25 to be better …

Wipro Shares Gain Over 2% As Q4 Earnings Beat Expectations; Should You Buy, Sell Or Hold?
11 months ago

Wipro Shares Gain Over 2% As Q4 Earnings Beat Expectations; Should You Buy, Sell Or Hold?

News 18  

Wipro shares gained over 2 per cent on Monday as investors reacted to the IT services firm’s fourth-quarter results, which was better than what market analysts expected. Wipro has beaten the Street estimates with a 5 per cent rise in net profit for the January-March quarter, but persisting cost-cutting measures, decline in headcount and a sluggish guidance for the next …

In a first in 20 years, TCS, Infosys, Wipro together report huge loss in employee strength in FY24 - 63,759
11 months, 1 week ago

In a first in 20 years, TCS, Infosys, Wipro together report huge loss in employee strength in FY24 - 63,759

Hindustan Times  

In an eye-ball grabbing figure, employee loss by the top 3 IT companies in India, TCS, Infosys and Wipro, for the full-year together stands at 63,759. Wipro's FY24 employee strength was 2,34,054 as on March 2024 - 9.1 per cent lower than the year-ago period. Wipro Q4 results Notably, today, the Bengaluru headquarered IT major, Wipro reported a 7.8 per …

Wipro Q4 net profit falls 7.8% to ₹2,835 cr; new CEO flags uncertainty in macro environment
11 months, 1 week ago

Wipro Q4 net profit falls 7.8% to ₹2,835 cr; new CEO flags uncertainty in macro environment

Hindustan Times  

Bengaluru, IT service company Wipro on Friday reported 7.8 per cent year-on-year decline in its consolidated net profit for the March quarter to about ₹2834.6 crore, and cautioned that the macroeconomic environment remains "uncertain". Wipro Q4 net profit falls 7.8% to ₹ 2,835 cr; new CEO flags uncertainty in macro environment The Bengaluru-headquartered company, which recently saw a change of …

Wipro Q4 Results: Large TCV up 9.5% YoY, Q1FY25 revenue guidance pegged at -1.5 to 0.5%; 5 key highlights
11 months, 1 week ago

Wipro Q4 Results: Large TCV up 9.5% YoY, Q1FY25 revenue guidance pegged at -1.5 to 0.5%; 5 key highlights

Live Mint  

Wipro Q4 Results: Wipro announced its January-March quarter results for fiscal 2023-24 on Friday, April 19, reporting a decline of eight per cent in consolidated net profit at ₹2,835 crore. India's fourth-largest software services company's revenue from operations for the March quarter also dropped four per cent year-on-year to ₹22,208.3 crore. Follow Wipro Q4 Results Live Updates: IT major posts …

Wipro dividend: IT major announces interim dividend, know details
11 months, 1 week ago

Wipro dividend: IT major announces interim dividend, know details

Live Mint  

Wipro dividend announcement: The interim dividend of ₹1 declared by the Wipro board on 12 January, 2024 has shall be considered as the final dividend for FY24, said the IT major while announcing its FY24 results on Friday. “The Board of Directors confirmed the interim dividend of ₹1 declared by the Board earlier at its meeting held on January 12th, …

Wipro Q4 Results: Net Profit Falls 8% YoY To Rs 2,835 Crore, Revenue Slips; Headcount Drops 9.5%
11 months, 1 week ago

Wipro Q4 Results: Net Profit Falls 8% YoY To Rs 2,835 Crore, Revenue Slips; Headcount Drops 9.5%

News 18  

IT major Wipro on April 19 reported an 8 per cent year-on-year decline in its net profit to Rs 2,835 crore for the March 2024 quarter. In dollar terms, Wipro’s IT services revenue during Q4 FY24 stood at $2,657.4 million, an increase of 0.1 per cent QoQ and a decrease of 6.4 per cent YoY, according to a regulatory filing. …

Wipro Q4 Results Today: Net Profit, Revenue May Decline Amid Weak Discretionary Spending
11 months, 1 week ago

Wipro Q4 Results Today: Net Profit, Revenue May Decline Amid Weak Discretionary Spending

News 18  

After TCS and Infosys, another IT major Wipro is set to announce its Q4 financial earnings on April 19. According to analysts, Wipro’s net profit in the January-March 2024 quarter is likely to have declined by 8-10 per cent to Rs 2,778 crore-Rs 2,829 crore. Analysts at brokerage houses expect Wipro’s revenue to decline 4-5 per cent YoY to remain …

Q4 results: TCS reports profit, but what of Infosys and Wipro?
11 months, 1 week ago

Q4 results: TCS reports profit, but what of Infosys and Wipro?

Hindustan Times  

Indian IT firms are all getting ready to reveal their Q4 results and things are looking a little brighter after the biggest tech firm in India, the Tata Consultancy Services reported a profit that actually beat street estimates last week. Bloomberg says, “The annual revenue at Infosys likely grew at the slowest pace since the 2018 fiscal year, consensus shows. …

Wipro plans to cut hundreds of mid-level onsite job roles
1 year, 1 month ago

Wipro plans to cut hundreds of mid-level onsite job roles

New Indian Express  

NEW DELHI: Wipro is reportedly planning to cut hundreds of mid-level roles at its onsite locations. In 2021, Wipro acquired Capco, a global management and technology consultancy to the banking and financial services industry, for $1.45 billion. When asked about the proposed lay-offs, in a statement to TNIE, Wipro said, “We are committed to investing in our people, processes, and …

Wipro to fire hundreds of employees to improve profit margins
1 year, 1 month ago

Wipro to fire hundreds of employees to improve profit margins

India Today  

As we move forward in 2024, we are seeing a new wave of layoffs all over the world in the tech industry. Wipro is reportedly in the process of firing many employees in mid-level roles as the company wants to improve its profit margins. According to ET, Wipro is currently facing the challenge of having the lowest profit margins among …

Wipro market cap over ₹2.61 lakh crore after Q3 results; shares jumps 14%
1 year, 2 months ago

Wipro market cap over ₹2.61 lakh crore after Q3 results; shares jumps 14%

Hindustan Times  

As the quarterly result season is here once again, IT and tech companies are rallying on the stock market, with global firm Wipro being the top gainer on Monday. On Monday, the first market session after the IT firm's quarterly results were posted, Wipro recorded a spike of 14 percent in its share prices, with its overall market cap jumping …

Wipro surges over 13 per cent despite 12 per cent decline in Q3 profit YoY
1 year, 2 months ago

Wipro surges over 13 per cent despite 12 per cent decline in Q3 profit YoY

India TV News  

Wipro shares rose over 13 per cent in early trading on Monday, reaching a 52-week high of Rs 529, despite the company reporting weaker-than-expected results for the third quarter. The primary reason for the rise in Wipro's shares can be attributed to a 17 per cent surge in its American Depository Receipts. The company's trajectory is perceived as recovering after …

Wipro reports Q3 revenue from ops at ₹22,205 crore
1 year, 2 months ago

Wipro reports Q3 revenue from ops at ₹22,205 crore

Hindustan Times  

Wipro Q3 Results: Wipro, India's fourth-largest IT services provider, reported a better-than-expected third-quarter revenue and said fourth-quarter dollar revenue at its largest business could fall by 1.5% at worst or grow by 0.5% at best. Revenue from operations for the quarter ended Dec. 31 fell 4.4% from the previous year to 222.05 billion rupees, but beat analysts' average estimate of …

Wipro Q3 profit declines 12 per cent YoY to Rs 2,694 crore, revenue falls over 4 per cent
1 year, 2 months ago

Wipro Q3 profit declines 12 per cent YoY to Rs 2,694 crore, revenue falls over 4 per cent

India TV News  

Wipro reported a 12 percent year-on-year decline in net profit at Rs 2,694 crore for the third quarter of the current financial year. Revenue from IT business The company's revenue from its IT business declined by 1.1 per cent to Rs 22,151 crore. On Thursday, Tata Consultancy Services posted an 8.2 per cent growth in net income for the third …

Stocks to Buy: Here’s why Wipro and IDFC are looking attractive
1 year, 3 months ago

Stocks to Buy: Here’s why Wipro and IDFC are looking attractive

Live Mint  

Indian stock market: The Nifty's upward momentum persists with the bulls maintaining control in the market. Stocks to Buy Wipro | Recommendation: Buy | CMP: ₹ 447 | Target: ₹ 480/515 | Stop Loss: ₹ 414 The stock has formed an extended consolidation pattern on the weekly chart, signaling increased optimism. SBIN | Recommendation: Buy | CMP: ₹ 650-640 | …

Bad news! Wipro makes big announcement for its employees with higher salary - DEETS HERE
1 year, 4 months ago

Bad news! Wipro makes big announcement for its employees with higher salary - DEETS HERE

India TV News  

Wipro makes big announcement for its employees with higher salary - DEETS HERE Here comes bad news for Wipro employees as the tech giant might not give salary hikes to "top performers with higher compensation. " Amid layoff and cost-cutting measures, Wipro is reportedly mulling to not give salary hikes to 'top performers with higher compensation'. Though an official confirmation …

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