Wipro earns cons PAT of ₹2,870 cr in Q1, up by 12% YoY; misses estimates
1 year, 5 months ago

Wipro earns cons PAT of ₹2,870 cr in Q1, up by 12% YoY; misses estimates

Live Mint  

Wipro Q1 results: Azim Premji-backed Wipro missed street estimates in the quarter ending June 30, 2023 period. Wipro said despite a gradual reduction in clients’ discretionary spending, it maintained its new business momentum. Further, Wipro's IT services segment revenue saw a gradual rise of 0.8% YoY in dollar terms to $2,778.5 million. The tech major's non-GAAP constant currency IT Services segment revenue decreased by 2.8% QoQ, increased 1.1% YoY. Thierry Delaporte, CEO and Managing Director said, "Wipro’s first-quarter results come with a strong backbone of large deal bookings, robust client additions, and resilient margins."

Revenue Crore Quarter Yoy It Services Wipro Q1Fy24  wipros  segment  2870  cr  misses  revenue  q1fy24  estimates  cons  yoy  pat  quarter  services  wipro  terms  earns  crore  q1

History of this topic

Wipro bonus shares: Power of long-term investment! ₹10,000 turns to ₹5 lakh in 15 years
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 Enterprises’ revenue rises 10 pc to ₹16,902 cr in FY24; profit jumps 35 pc
3 weeks, 2 days 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 weeks 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 weeks, 1 day 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%
1 month, 1 week 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
1 month, 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%
1 month, 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%
1 month, 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%
2 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
5 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%
5 months 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 …

Wipro Shares Gain Over 2% As Q4 Earnings Beat Expectations; Should You Buy, Sell Or Hold?
8 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
8 months 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
8 months 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
8 months 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
8 months 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%
8 months 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
8 months 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?
8 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
10 months, 3 weeks 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
10 months, 3 weeks 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%
11 months, 1 week 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
11 months, 1 week 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
11 months, 1 week 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, HCL Tech To Declare Q3 Results Today: Know What Analysts Expect
11 months, 1 week ago

Wipro, HCL Tech To Declare Q3 Results Today: Know What Analysts Expect

News 18  

A day after TCS and Infosys declared their Q3 financial results, other IT majors Wipro and HCL Tech are on Friday set to announce their earnings for the December 2023 quarter. Here’s what analysts expect: HCL Q3 Results Preview On HCL’s Q3 earnings, Elara said, “We anticipate sequential revenue growth of 4.8 per cent in CC terms. This is backed …

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

Wipro share price falls 3% post Q2 results; what should investors do?
1 year, 2 months ago

Wipro share price falls 3% post Q2 results; what should investors do?

Live Mint  

Wipro share price declined 3 per cent to close at ₹395.20 on BSE on Thursday, October 19, a day after the IT company released its July-September quarter earnings. Wipro Q2 Results As Mint reported earlier, Wipro’s revenue in the fiscal second quarter totalled $2.71 billion, a 2.3 per cent sequential decline and a 3.7 per cent fall from the year-ago …

Wipro Q2 Results Today: Revenue May Decline QoQ, What Should You Watch Out For?
1 year, 2 months ago

Wipro Q2 Results Today: Revenue May Decline QoQ, What Should You Watch Out For?

News 18  

After TCS, Infosys and HCL Tech, another IT major Wipro is scheduled to release its financial results for the quarter that ended September 2023 on October 18, Wednesday. Brokerage firm Axis Securities in its report said, “We expect Wipro to report revenue de-growth of 0.5 per cent QoQ in rupee terms. For the July-September 2023 quarter, another brokerage firm IIFL …

Q2 Results today: Bajaj Auto, Wipro, IndusInd Bank, 29 others to post earnings
1 year, 2 months ago

Q2 Results today: Bajaj Auto, Wipro, IndusInd Bank, 29 others to post earnings

Live Mint  

Q2 Results today: The quarterly earnings season is in full swing and today 32 companies will be reporting its earnings. Here's the list of some of the companies that will report their Q2FY24 numbers today - 5paisa, Astral, Alpha Ind, Bajaj Auto, Bandhan Bank, DPL, Gujarat Cotex, Heritage Food, Himachal Fibres, ICICI General Insurance, IIFL, IndusInd Bank, LTI Mindtree, OFSS, …

Wipro Q2 earnings preview: Revenue may contract, margins outlook to be in focus
1 year, 2 months ago

Wipro Q2 earnings preview: Revenue may contract, margins outlook to be in focus

Live Mint  

Wipro's Q2FY24 earnings may come out on a softer note thanks to the prevailing adverse macroeconomic conditions in key markets. Let's take a look at what top brokerage firms expect from Wipro's Q2FY24 scorecard: Sharekhan by BNP Paribas Sharekhan believes Wipro may report a sequential decline of 0.4 per cent in revenue in CC terms, in line with Q2 guidance …

Cipla Q1 net profit rises 45% to ₹996 crore; revenue growth at 18% YoY
1 year, 4 months ago

Cipla Q1 net profit rises 45% to ₹996 crore; revenue growth at 18% YoY

Live Mint  

Cipla reported a 45.1% rise in its consolidated net profit for the quarter ended June 2023 at ₹995.7 crore as compared to ₹696.4 crore in the corresponding quarter of the last year. The company’s US business reported the highest ever revenue of $ 222 million, registering a growth of 43% YoY growth driven by robust momentum in differentiated portfolios. South …

Wipro investors and their many worries
1 year, 5 months ago

Wipro investors and their many worries

Live Mint  

The June quarter earnings season began on a sombre note with large-caps Tata Consultancy Services Ltd and HCL Technologies Ltd reporting subdued numbers. “Wipro’s growth underperformance to peers is due to the higher mix of consulting services and steeper impact from discretionary projects in BFSI and Telecom verticals," pointed out a HDFC Securities Ltd report. To its credit, Wipro’s seemingly …

Q1 results 2023: Wipro, Federal Bank, Unitech, others to declare earnings today
1 year, 5 months ago

Q1 results 2023: Wipro, Federal Bank, Unitech, others to declare earnings today

Live Mint  

Q1 results today: Quarterly results are one of the prominent events that stock market observers and investors remain highly vigilant because it gives them concrete fundamental cue about the financial condition of the listed entity. Wipro Ltd is set to declare Q1 results 2023 today but there are some more company results expected today and one should remain vigilant about …

Wipro sets record date for buyback offer, check details here
1 year, 6 months ago

Wipro sets record date for buyback offer, check details here

Live Mint  

IT major Wipro Ltd has set June 16, 2023 as the record date for the whopping ₹12,000 crore buyback plan. “The Company has fixed Friday, June 16, 2023 as the Record Date for the purpose of determining the entitlement and the names of equity shareholders who are eligible to participate in the buyback,” said Wipro in its filing. The IT …

Wipro Q4 net profit dips marginally; board approves ₹12k cr share buyback
1 year, 7 months ago

Wipro Q4 net profit dips marginally; board approves ₹12k cr share buyback

The Hindu  

IT major Wipro on April 27 reported a marginal year-on-year decline of 0.4% in net profit to ₹3,074.5 crore for the fourth quarter ended March 2023 and announced a share buyback of up to ₹12,000 crore. The Wipro board approved the buyback of 26.96 crore equity shares at a price of ₹445 apiece. “Board.of Wipro.has approved a proposal to buyback …

Wipro to consider share buyback proposal on 27 April
1 year, 8 months ago

Wipro to consider share buyback proposal on 27 April

Live Mint  

Wipro will be considering a proposal for the buyback of equity shares of the company this week. In its regulatory filing on Sunday, Wipro said, "the Board of Directors of the Company will be considering a proposal to buyback equity shares of the Company and the matters necessary and incidental thereto., at its meeting scheduled to be held over April …

Wipro’s margins, PAT upbeat in Q3: How stock is likely to react post quarter
1 year, 11 months ago

Wipro’s margins, PAT upbeat in Q3: How stock is likely to react post quarter

Live Mint  

Azim Premji-backed Wipro has announced its financial results for the third quarter ending December 31, 2022 period. On Wipro's financial performance, Veer Trivedi, Research Analyst, SAMCO Securities said, "Wipro reported slightly disappointing results when it comes to its top line. According to Emkay Global's first cut note, Wipro's revenue tad below estimates while margins beat estimates. Emkay's note said, "Wipro …

Wipro's Q3 profit up 2.8% year on year to ₹3,053 crore; revenue up by 14%
1 year, 11 months ago

Wipro's Q3 profit up 2.8% year on year to ₹3,053 crore; revenue up by 14%

Hindustan Times  

Indian IT services firm Wipro reported a bigger-than-expected profit for the third quarter on Friday, boosted by a strong deal pipeline. Wipro Q3 results The Bengaluru-based company's net profit rose 2.8% to ₹30.53 billion for the quarter ended December 31. Wipro forecast revenue growth from the IT services business for the year ending March 2023 in the range of 11.5% …

Contrasting Q2 stories of two tech giants of India
2 years, 2 months ago

Contrasting Q2 stories of two tech giants of India

Live Mint  

Information technology services provider Wipro Ltd’s stock closed 7% lower on Thursday. View Full Image Fall behind Small Indian cinemas take on big Hollywood studios Premium trumps regular in demand for consumer durables How to transfer shares from a demat account to another “Wipro’s turnaround story is faltering," said analysts at Ambit Capital Pvt. Third, “Overall Ebit margin has fallen …

Wipro's shares dip, HCLTech shines as IT sector braces for slowdown: Report
2 years, 2 months ago

Wipro's shares dip, HCLTech shines as IT sector braces for slowdown: Report

Hindustan Times  

Shares of India's Wipro Ltd fell over 5% on Thursday after it missed quarterly profit estimates and forecast weak revenue growth, while rival HCLTech saw a 3% rise as strong order wins led to upbeat growth outlook. Wipro's forecast for a soft revenue growth and a nine-quarter low net hiring reflects "rising uncertainty in demand," Jefferies analyst Akshat Agarwal wrote. …

Q2 Results: Wipro's Q2 profit slips 9%, HCL Tech raises full-year revenue guidance
2 years, 2 months ago

Q2 Results: Wipro's Q2 profit slips 9%, HCL Tech raises full-year revenue guidance

Live Mint  

IT companies HCL Tech and Wipro are scheduled to announce their earnings for the second quarter ended September 2022 on Wednesday. HCL Tech revenue up 19.5% YoY HCL Technology recorded a sequential rise in its consolidated revenue in the second quarter of this fiscal year. HCL Tech's consolidated revenue in the second quarter of FY22 climbed 5.2% QoQ and up …

Wipro Q2 results: Will the IT giant improve profitability YoY? Key highlights
2 years, 2 months ago

Wipro Q2 results: Will the IT giant improve profitability YoY? Key highlights

Live Mint  

Ahead of its Q2 earnings, IT-major Wipro shares were under pressure on Tuesday. Sameer Pardikar and Sujay Chavan Research Analysts at ICICI Direct in their Q2 preview report for Wipro said, "We expect the company to report 4% QoQ CC growth in revenues in IT services. ICICI Direct analysts expect Wipro to report a revenue of ₹22,722.2 crore up by …

TCS Q2: Net profit rises by 8.3% to ₹10,431 cr
2 years, 2 months ago

TCS Q2: Net profit rises by 8.3% to ₹10,431 cr

Live Mint  

The country's largest software services firm, Tata Consultancy Services, on Monday reported a 8.3 per cent rise in consolidated net profit to ₹10,431 crore for the September 2022 quarter. This is against a net profit of ₹9,624 crore in the year-ago period, TCS said in a regulatory filing. The consolidated revenue of the IT major grew by 18 per cent …

Infosys, Wipro, Tech Mahindra Delay Hiring Process, Revokes Offer Letters: Report
2 years, 2 months ago

Infosys, Wipro, Tech Mahindra Delay Hiring Process, Revokes Offer Letters: Report

News 18  

Major IT companies, Infosys, Wipro and Tech Mahindra, have revoked offer letters it extended to students after the companies are delaying the onboarding process for months, according to a media report. “I was rejected despite completing them and getting certification.” For the June 2022 quarter, Infosys reported a consolidated net profit of Rs 5,360 crore, a growth of 3.2 per …

Four top exits in a month shake Wipro
2 years, 3 months ago

Four top exits in a month shake Wipro

Live Mint  

BENGALURU : At Wipro Ltd, chief executive Thierry Delaporte is battling to build a stable leadership team amid concerns of sputtering growth and declining profitability, leading many to question if last year’s industry-leading growth was just a flash in the pan. At least four senior executives overseeing business in four countries have left Wipro in the last month, even as …

TCS, Infosys Downgraded By Goldman Sachs From 'Buy' To 'Sell', Wipro Upgraded; Check Details
2 years, 3 months ago

TCS, Infosys Downgraded By Goldman Sachs From 'Buy' To 'Sell', Wipro Upgraded; Check Details

News 18  

Goldman Sachs has downgraded India’s major IT services companies Tata Consultancy Services and Infosys from ‘buy’ to ‘sell’ citing a potential slowdown in their dollar revenue growth amid impending global macroeconomic stress. For the June 2022 quarter, TCS reported a consolidated net profit of Rs 9,478 crore, a jump of 5.2 per cent on a year-on-year basis. The company’s revenue …

TCS, Wipro, HCL Tech: All You Need To Know About Attrition, Salary Hikes And WFH
2 years, 4 months ago

TCS, Wipro, HCL Tech: All You Need To Know About Attrition, Salary Hikes And WFH

News 18  

The high attrition rate in the information technology sector continues to be an issue and the companies, like India’s largest IT services company Tata Consultancy Services, Wipro and HCL Tech, are taking steps such as raising salaries giving the option of remote working to retain the talent. Attrition Rates Of IT Firms TCS’ attrition rate stood at 19.7 per cent …

Wipro posts upbeat Q2 guidance at 3-5%; Q1 net profit down 21%
2 years, 5 months ago

Wipro posts upbeat Q2 guidance at 3-5%; Q1 net profit down 21%

Live Mint  

Wipro Ltd expects revenue for the quarter ended September to be in the range of $2.81-2.87 billion, translating to a sequential growth of 3-5%, faster than the 1-3% it had forecast for the June quarter. The company’s net profit for the June quarter declined 20.7% to ₹2,563 crore from ₹3,232 crore in the year-ago period because of a higher base …

Should you invest in Wipro shares after Q1 financial performance?
2 years, 5 months ago

Should you invest in Wipro shares after Q1 financial performance?

Live Mint  

IT major, Wipro shares will be in focus on Thursday's trading session after the company missed analysts' estimates in the first quarter of FY23. Wipro expects revenue from its IT services to be the range of $2,817 million to $2,872 million in Q2FY23 - translating to a sequential growth of 3% to 5%. She said, "Miss in revenue Wipro reported …

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