WIPRO
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Wipro Launches Global Innovation Network
May 29 (Reuters) - Wipro Ltd WIPR.NS:
LAUNCHES GLOBAL INNOVATION NETWORK
Source text: ID:nBSEZMtxD
Further company coverage: WIPR.NS
(([email protected];;))
May 29 (Reuters) - Wipro Ltd WIPR.NS:
LAUNCHES GLOBAL INNOVATION NETWORK
Source text: ID:nBSEZMtxD
Further company coverage: WIPR.NS
(([email protected];;))
Infosys forecasts weak fiscal 2026, stoking growth concerns for Indian IT sector
Adds share move, analyst and CEO commentary in paragraphs 3-6
By Haripriya Suresh and Sai Ishwarbharath B
BENGALURU, April 17 (Reuters) - Infosys INFY.NS on Thursday forecast weaker-than-expected revenue growth for fiscal 2026, becoming the latest Indian IT firm to signal a tough year ahead as global economic uncertainty, tariff disruptions and cautious client spending weigh on the sector's outlook.
India's second-largest software services exporter said it expects revenue for fiscal 2026 to be flat to up 3%, while analysts were expecting a 2%–4% rise.
That sent U.S.-listed shares of the company down 3% in premarket trading.
Chief Executive Salil Parekh said on a conference call Infosys was starting to see some impact on consumer products due to broader macroeconomic challenges and flagged an "uncertain" environment, echoing sentiments from rivals Tata Consultancy Services TCS.NS and Wipro WIPR.NS.
"The first quarter is looking soft for all IT companies... For the sector, recovery has been pushed back by 4–5 months," said Piyush Pandey, lead IT analyst at Centrum Broking.
Infosys' forecast adds to mounting concerns facing India's $283 billion IT sector, which was already wrestling with subdued demand and delays in deal closures.
The company's revenue forecast suggests a quarterly run-rate of 0.5%–1.7% over the next year, analysts at Jefferies said, calling it "optimistic at the higher end."
Several other analysts said they expect Bengaluru-based Infosys to be more vulnerable to tariff-related uncertainty than its peers, given its heavier reliance on manufacturing and retail — its second and third-largest revenue drivers.
Revenue for the reported quarter rose 7.9% to 409.25 billion rupees ($4.79 billion) year-on-year, missing analyst estimates of 420.73 billion rupees, according to data compiled by LSEG.
Quarterly net profit fell 11.8% to 70.33 billion rupees, compared with analysts’ mean estimate of 66.95 billion rupees.
($1 = 85.3630 Indian rupees)
(Reporting by Haripriya Suresh and Sai Ishwarbharath B; Editing by Nivedita Bhattacharjee)
(([email protected];))
Adds share move, analyst and CEO commentary in paragraphs 3-6
By Haripriya Suresh and Sai Ishwarbharath B
BENGALURU, April 17 (Reuters) - Infosys INFY.NS on Thursday forecast weaker-than-expected revenue growth for fiscal 2026, becoming the latest Indian IT firm to signal a tough year ahead as global economic uncertainty, tariff disruptions and cautious client spending weigh on the sector's outlook.
India's second-largest software services exporter said it expects revenue for fiscal 2026 to be flat to up 3%, while analysts were expecting a 2%–4% rise.
That sent U.S.-listed shares of the company down 3% in premarket trading.
Chief Executive Salil Parekh said on a conference call Infosys was starting to see some impact on consumer products due to broader macroeconomic challenges and flagged an "uncertain" environment, echoing sentiments from rivals Tata Consultancy Services TCS.NS and Wipro WIPR.NS.
"The first quarter is looking soft for all IT companies... For the sector, recovery has been pushed back by 4–5 months," said Piyush Pandey, lead IT analyst at Centrum Broking.
Infosys' forecast adds to mounting concerns facing India's $283 billion IT sector, which was already wrestling with subdued demand and delays in deal closures.
The company's revenue forecast suggests a quarterly run-rate of 0.5%–1.7% over the next year, analysts at Jefferies said, calling it "optimistic at the higher end."
Several other analysts said they expect Bengaluru-based Infosys to be more vulnerable to tariff-related uncertainty than its peers, given its heavier reliance on manufacturing and retail — its second and third-largest revenue drivers.
Revenue for the reported quarter rose 7.9% to 409.25 billion rupees ($4.79 billion) year-on-year, missing analyst estimates of 420.73 billion rupees, according to data compiled by LSEG.
Quarterly net profit fell 11.8% to 70.33 billion rupees, compared with analysts’ mean estimate of 66.95 billion rupees.
($1 = 85.3630 Indian rupees)
(Reporting by Haripriya Suresh and Sai Ishwarbharath B; Editing by Nivedita Bhattacharjee)
(([email protected];))
Wipro Q4 Consol Net Profit 35.7 Billion Rupees
April 16 (Reuters) - Wipro Ltd WIPR.NS:
WIPRO Q4 CONSOL NET PROFIT 35.7 BILLION RUPEES; IBES EST. 33.38 BILLION RUPEES
WIPRO Q4 CONSOL REV FROM OPS 225.04 BLN RUPEES; IBES EST. 226.21 BLN RUPEES
Further company coverage: WIPR.NS
(([email protected];))
April 16 (Reuters) - Wipro Ltd WIPR.NS:
WIPRO Q4 CONSOL NET PROFIT 35.7 BILLION RUPEES; IBES EST. 33.38 BILLION RUPEES
WIPRO Q4 CONSOL REV FROM OPS 225.04 BLN RUPEES; IBES EST. 226.21 BLN RUPEES
Further company coverage: WIPR.NS
(([email protected];))
Wipro Ltd expected to post earnings of 4 cents a share - Earnings Preview
Wipro Ltd WIT.N, WIT is expected to show a fall in quarterly revenue when it reports results on April 16 for the period ending March 31 2025
The Bangalore Karnataka-based company is expected to report a 1.9% decrease in revenue to $2.623 billion from $2.67 billion a year ago, according to the estimate from one analyst, based on LSEG data.
LSEG's mean analyst estimate for Wipro Ltd is for earnings of 4 cents per share.
The current average analyst rating on the shares is "sell" and the breakdown of recommendations is no "strong buy" or "buy," 3 "hold" and 5 "sell" or "strong sell."
The mean earnings estimate of analysts was unchanged in the last three months.
Wall Street's median 12-month price target for Wipro Ltd is $2.89, above its last closing price of $2.84.
This summary was machine generated April 14 at 10:32 GMT. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact [email protected]. For any other questions or feedback, contact [email protected])
Wipro Ltd WIT.N, WIT is expected to show a fall in quarterly revenue when it reports results on April 16 for the period ending March 31 2025
The Bangalore Karnataka-based company is expected to report a 1.9% decrease in revenue to $2.623 billion from $2.67 billion a year ago, according to the estimate from one analyst, based on LSEG data.
LSEG's mean analyst estimate for Wipro Ltd is for earnings of 4 cents per share.
The current average analyst rating on the shares is "sell" and the breakdown of recommendations is no "strong buy" or "buy," 3 "hold" and 5 "sell" or "strong sell."
The mean earnings estimate of analysts was unchanged in the last three months.
Wall Street's median 12-month price target for Wipro Ltd is $2.89, above its last closing price of $2.84.
This summary was machine generated April 14 at 10:32 GMT. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact [email protected]. For any other questions or feedback, contact [email protected])
India's TCS misses fourth-quarter revenue estimates
BENGALURU, April 10 (Reuters) - India's largest software services provider Tata Consultancy Services TCS.NS posted lower-than-expected revenue for the fourth quarter due to persistent weakness in North America, its largest market.
The company's consolidated revenue rose 5.3% to 644.79 billion rupees ($7.49 billion) in the quarter. Analysts, on average, expected 647.58 billion rupees, per data compiled by LSEG.
($1 = 86.1390 Indian rupees)
(Reporting by Haripriya Suresh; Editing by Devika Syamnath)
(([email protected];))
BENGALURU, April 10 (Reuters) - India's largest software services provider Tata Consultancy Services TCS.NS posted lower-than-expected revenue for the fourth quarter due to persistent weakness in North America, its largest market.
The company's consolidated revenue rose 5.3% to 644.79 billion rupees ($7.49 billion) in the quarter. Analysts, on average, expected 647.58 billion rupees, per data compiled by LSEG.
($1 = 86.1390 Indian rupees)
(Reporting by Haripriya Suresh; Editing by Devika Syamnath)
(([email protected];))
REFILE-Indian IT firms brace for impact as tariffs fan US recession fears
Corrects syntax in paragraph 1
By Haripriya Suresh
BENGALURU, April 4 (Reuters) - India's $283-billion IT sector should brace for a rough year ahead as tariffs are likely to stoke inflation in its key U.S. market and force clients to cut spending, analysts said.
Although President Donald Trump did not impose direct tariffs on IT services, Indian firms are expected to feel the heat as clients, especially in manufacturing, logistics and retail sectors, adjust to the new levies.
That could slow deal cycles, delay existing projects and hurt revenue growth, analysts said. Bernstein and ICICI Securities rushed to cut their ratings on the Indian IT sector soon after the tariff announcement.
The tariffs come at a time the sector was counting on Trump to revive client confidence and discretionary spending after years of weak revenue growth.
The U.S. accounts for more than half of India's $190 billion software exports, making the sector sensitive to shifts in spending confidence among businesses in the world's largest economy. J.P.Morgan on Friday lifted global and U.S. recession odds to 60% after Trump's tariff announcement.
"With a rising risk of U.S. recession and uncertain decision-making, we think chances of fiscal 2026 being a complete washout are rising," J.P. Morgan said in a note on Friday, without giving specific numbers.
At least six analysts expect Indian IT firms to issue a "conservative" annual revenue growth forecast when quarterly results start next week.
Companies with a greater exposure to discretionary spending are expected to bear the brunt of any tariff-fueled slowdown.
"Discretionary IT spend will likely see an impact across the industry verticals. Companies to get impacted will typically be the high-growth companies in the large caps and some of the mid-caps where the exposure usually is much higher on the discretionary side," BNP Paribas analyst Kumar Rakesh said.
He added the impact of a potential slowdown could be apparent by the September quarter.
India's Nifty IT index .NIFTYIT fell 3.6% on Friday to take its losses for the week to 9.15%, the steepest weekly fall for the index in more than five years.
Geographical breakup of revenues of IT companies. https://reut.rs/4jaQGFs
Indian IT firms exposure to verticals https://reut.rs/42gWcjc
(Reporting by Haripriya Suresh; Editing by Dhanya Skariachan, Sonia Cheema and Saumyadeb Chakrabarty)
(([email protected];))
Corrects syntax in paragraph 1
By Haripriya Suresh
BENGALURU, April 4 (Reuters) - India's $283-billion IT sector should brace for a rough year ahead as tariffs are likely to stoke inflation in its key U.S. market and force clients to cut spending, analysts said.
Although President Donald Trump did not impose direct tariffs on IT services, Indian firms are expected to feel the heat as clients, especially in manufacturing, logistics and retail sectors, adjust to the new levies.
That could slow deal cycles, delay existing projects and hurt revenue growth, analysts said. Bernstein and ICICI Securities rushed to cut their ratings on the Indian IT sector soon after the tariff announcement.
The tariffs come at a time the sector was counting on Trump to revive client confidence and discretionary spending after years of weak revenue growth.
The U.S. accounts for more than half of India's $190 billion software exports, making the sector sensitive to shifts in spending confidence among businesses in the world's largest economy. J.P.Morgan on Friday lifted global and U.S. recession odds to 60% after Trump's tariff announcement.
"With a rising risk of U.S. recession and uncertain decision-making, we think chances of fiscal 2026 being a complete washout are rising," J.P. Morgan said in a note on Friday, without giving specific numbers.
At least six analysts expect Indian IT firms to issue a "conservative" annual revenue growth forecast when quarterly results start next week.
Companies with a greater exposure to discretionary spending are expected to bear the brunt of any tariff-fueled slowdown.
"Discretionary IT spend will likely see an impact across the industry verticals. Companies to get impacted will typically be the high-growth companies in the large caps and some of the mid-caps where the exposure usually is much higher on the discretionary side," BNP Paribas analyst Kumar Rakesh said.
He added the impact of a potential slowdown could be apparent by the September quarter.
India's Nifty IT index .NIFTYIT fell 3.6% on Friday to take its losses for the week to 9.15%, the steepest weekly fall for the index in more than five years.
Geographical breakup of revenues of IT companies. https://reut.rs/4jaQGFs
Indian IT firms exposure to verticals https://reut.rs/42gWcjc
(Reporting by Haripriya Suresh; Editing by Dhanya Skariachan, Sonia Cheema and Saumyadeb Chakrabarty)
(([email protected];))
India's Wipro gains on $650 mln 'mega' deal
** Wipro's shares WIPR.NS rise 1.5%, top gainer on the IT index .NIFTYIT, which is up 0.3%
** The No.4 IT services provider wins 10-year deal worth $650 mln from British insurer Phoenix Group PHNX.L, it's second "mega deal" this fiscal year
** Wipro also joint top gainer on benchmark Nifty 50 .NSEI, which is up 0.3%
** Stock rated "hold" on avg by 39 analysts -LSEG data
** Stock down ~11% in 2025 vs ~14% drop in IT index
(Reporting by Yagnoseni Das in Bengaluru)
** Wipro's shares WIPR.NS rise 1.5%, top gainer on the IT index .NIFTYIT, which is up 0.3%
** The No.4 IT services provider wins 10-year deal worth $650 mln from British insurer Phoenix Group PHNX.L, it's second "mega deal" this fiscal year
** Wipro also joint top gainer on benchmark Nifty 50 .NSEI, which is up 0.3%
** Stock rated "hold" on avg by 39 analysts -LSEG data
** Stock down ~11% in 2025 vs ~14% drop in IT index
(Reporting by Yagnoseni Das in Bengaluru)
India's Wipro wins $650 million deal from British insurer Phoenix Group
BENGALURU, March 26 (Reuters) - Wipro WIPR.NS, India's No.4 IT services provider, won a 10-year deal worth 500 million pounds ($645.4 million) from British insurer Phoenix Group PHNX.L, the company said on Wednesday, announcing its second mega deal this financial year.
Mega deals, which are typically worth more than $500 million, are key revenue drivers for IT services companies. In June 2024, Wipro announced a $500 million deal with a U.S. communications service provider.
The latest deal is for Phoenix Group's ReAssure business where Wipro will work on life and pension business administration.
Wipro will increase its presence in the United Kingdom and will set up hubs for both operations and technology which will staff employees from both companies, it said in a statement.
Some employees from Phoenix will also transition to Wipro, it said, but did not divulge numbers.
Wipro's Mumbai-listed shares closed 1.3% down on Wednesday. The statement came after the Indian stock market closed for the day.
($1 = 0.7747 pounds)
(Reporting by Haripriya Suresh; Editing by Savio D'Souza)
(([email protected];))
BENGALURU, March 26 (Reuters) - Wipro WIPR.NS, India's No.4 IT services provider, won a 10-year deal worth 500 million pounds ($645.4 million) from British insurer Phoenix Group PHNX.L, the company said on Wednesday, announcing its second mega deal this financial year.
Mega deals, which are typically worth more than $500 million, are key revenue drivers for IT services companies. In June 2024, Wipro announced a $500 million deal with a U.S. communications service provider.
The latest deal is for Phoenix Group's ReAssure business where Wipro will work on life and pension business administration.
Wipro will increase its presence in the United Kingdom and will set up hubs for both operations and technology which will staff employees from both companies, it said in a statement.
Some employees from Phoenix will also transition to Wipro, it said, but did not divulge numbers.
Wipro's Mumbai-listed shares closed 1.3% down on Wednesday. The statement came after the Indian stock market closed for the day.
($1 = 0.7747 pounds)
(Reporting by Haripriya Suresh; Editing by Savio D'Souza)
(([email protected];))
Indian IT earnings likely to stutter in fiscal 2026 on US spending woes, analysts say
By Haripriya Suresh and Bharath Rajeswaran
BENGALURU, March 21 (Reuters) - India's information technology companies, among the worst-performing sectors this year, may not see a recovery in fiscal 2026, analysts said, after Accenture ACN.N flagged weak discretionary spending and demand in its quarterly report.
Accenture, the world's largest IT services player and a bellwether for the Indian IT industry, warned on Thursday that spending on discretionary projects in the quarter "was still constrained" and flagged no meaningful increase in client budgets.
Escalating global trade tensions following fresh U.S. tariffs on trading partners has sparked concerns over a slowdown in the United States - a key market for Indian IT companies.
"Whatever has happened in the last two months has created a higher level of uncertainty in terms of how the first half of fiscal 2026 will pan out and what impact it will have on the FY26 recovery rate," Amit Chandra, deputy vice president at HDFC Securities, told Reuters.
India's IT index is currently down 15.3% so far this year and is set for its worst quarter since June 2022. Top firms such as TCS TCS.NS, Wipro WIPR.NS, Infosys INFY.NS and HCLTech HCLT.NS lost between 11.2% and 18.1% this year.
Analysts at Kotak Institutional Equities said softening demand recovery and weak mega deal flow in fiscal 2025 will result in lower incremental revenue from mega deals in fiscal 2026 for Indian Tier-1 IT. "Companies will also face net headwinds from early stages of gen AI adoption," they said.
Citi Research has estimated that IT companies in its coverage could see revenue growth of 4% in fiscal 2026, similar to fiscal 2025, while Morgan Stanley expects growth assumption to be hurt due to subdued client spending.
According to Chandra, while banking, financial services, and insurance (BFSI) and healthcare verticals showed signs of recovery, the last two months' uncertainty has meant that clients across sectors are "going into a wait-and-watch mode", and can likely curtail spends.
Accenture also largely flagged delays and cancellations of new contracts in the U.S. due to the Trump administration's moves. However, while "Indian IT has limited exposure," according to Citi analysts, this can "increase competitive intensity in other segments".
Performance of India's IT companies in 2025 so far https://reut.rs/4kNRylg
India's IT index eyes worst quarterly performance in nearly three years https://reut.rs/4kMMrSg
Brokerages' estimates of organic revenue growth in Indian IT companies https://reut.rs/426FsLx
Summary of brokerages' view on India's Nifty IT stocks https://reut.rs/4iBRV0e
(Reporting by Haripriya Suresh and Bharath Rajeswaran in Bengaluru; Editing by Janane Venkatraman)
(([email protected];))
By Haripriya Suresh and Bharath Rajeswaran
BENGALURU, March 21 (Reuters) - India's information technology companies, among the worst-performing sectors this year, may not see a recovery in fiscal 2026, analysts said, after Accenture ACN.N flagged weak discretionary spending and demand in its quarterly report.
Accenture, the world's largest IT services player and a bellwether for the Indian IT industry, warned on Thursday that spending on discretionary projects in the quarter "was still constrained" and flagged no meaningful increase in client budgets.
Escalating global trade tensions following fresh U.S. tariffs on trading partners has sparked concerns over a slowdown in the United States - a key market for Indian IT companies.
"Whatever has happened in the last two months has created a higher level of uncertainty in terms of how the first half of fiscal 2026 will pan out and what impact it will have on the FY26 recovery rate," Amit Chandra, deputy vice president at HDFC Securities, told Reuters.
India's IT index is currently down 15.3% so far this year and is set for its worst quarter since June 2022. Top firms such as TCS TCS.NS, Wipro WIPR.NS, Infosys INFY.NS and HCLTech HCLT.NS lost between 11.2% and 18.1% this year.
Analysts at Kotak Institutional Equities said softening demand recovery and weak mega deal flow in fiscal 2025 will result in lower incremental revenue from mega deals in fiscal 2026 for Indian Tier-1 IT. "Companies will also face net headwinds from early stages of gen AI adoption," they said.
Citi Research has estimated that IT companies in its coverage could see revenue growth of 4% in fiscal 2026, similar to fiscal 2025, while Morgan Stanley expects growth assumption to be hurt due to subdued client spending.
According to Chandra, while banking, financial services, and insurance (BFSI) and healthcare verticals showed signs of recovery, the last two months' uncertainty has meant that clients across sectors are "going into a wait-and-watch mode", and can likely curtail spends.
Accenture also largely flagged delays and cancellations of new contracts in the U.S. due to the Trump administration's moves. However, while "Indian IT has limited exposure," according to Citi analysts, this can "increase competitive intensity in other segments".
Performance of India's IT companies in 2025 so far https://reut.rs/4kNRylg
India's IT index eyes worst quarterly performance in nearly three years https://reut.rs/4kMMrSg
Brokerages' estimates of organic revenue growth in Indian IT companies https://reut.rs/426FsLx
Summary of brokerages' view on India's Nifty IT stocks https://reut.rs/4iBRV0e
(Reporting by Haripriya Suresh and Bharath Rajeswaran in Bengaluru; Editing by Janane Venkatraman)
(([email protected];))
Wipro Announces New Agentic AI Services For Global Deployment
March 19 (Reuters) - Wipro Ltd WIPR.NS:
ANNOUNCES NEW AGENTIC AI SERVICES FOR GLOBAL DEPLOYMENT
AI SERVICES POWERED BY WEGA STUDIO AND NVIDIA AI
WIPRO BRINGS SOVEREIGN AI SERVICES WITH NVIDIA AI TO GOVERNMENTS AND ENTERPRISES AROUND WORLD
Source text: ID:nBSE3BgGz9
Further company coverage: WIPR.NS
(([email protected];;))
March 19 (Reuters) - Wipro Ltd WIPR.NS:
ANNOUNCES NEW AGENTIC AI SERVICES FOR GLOBAL DEPLOYMENT
AI SERVICES POWERED BY WEGA STUDIO AND NVIDIA AI
WIPRO BRINGS SOVEREIGN AI SERVICES WITH NVIDIA AI TO GOVERNMENTS AND ENTERPRISES AROUND WORLD
Source text: ID:nBSE3BgGz9
Further company coverage: WIPR.NS
(([email protected];;))
India's Wipro to redraw global business lines
Adds details from paragraph 2
BENGALURU, March 14 (Reuters) - Indian IT major Wipro WIPR.NS is realigning its four global business lines from April 1 to better address client needs, the company said on Friday.
This is its first rejig after CEO Srinivas Pallia took over the role in April 2024, and comes two years after a similar move under former top boss Thierry Delaporte.
Wipro has brought all cloud, data, analytics and AI, and other related businesses under its tech services business line. Its head of cloud resigned on Friday.
The company's consulting business line will be headed by Amit Kumar, who was hired from Accenture Consulting ACN.N last month.
"This evolution of our business lines will enable us to further sharpen our focus towards client needs with consulting-led and AI-powered solutions," Pallia said in a statement.
Following the overhaul, Capco - Wipro's largest acquisition - will operate separately under the consulting business line with Capco's head reporting to Pallia. Its Designit business will go under the tech services business line. Both acquired companies were previously under the consulting business.
Apart from the existing engineering business line, the company also announced a fourth newly created line called Business Process Services, with Jasjit Kang as its head.
(Reporting by Haripriya Suresh and Nishit Navin; Editing by Shilpi Majumdar and Devika Syamnath)
(([email protected];))
Adds details from paragraph 2
BENGALURU, March 14 (Reuters) - Indian IT major Wipro WIPR.NS is realigning its four global business lines from April 1 to better address client needs, the company said on Friday.
This is its first rejig after CEO Srinivas Pallia took over the role in April 2024, and comes two years after a similar move under former top boss Thierry Delaporte.
Wipro has brought all cloud, data, analytics and AI, and other related businesses under its tech services business line. Its head of cloud resigned on Friday.
The company's consulting business line will be headed by Amit Kumar, who was hired from Accenture Consulting ACN.N last month.
"This evolution of our business lines will enable us to further sharpen our focus towards client needs with consulting-led and AI-powered solutions," Pallia said in a statement.
Following the overhaul, Capco - Wipro's largest acquisition - will operate separately under the consulting business line with Capco's head reporting to Pallia. Its Designit business will go under the tech services business line. Both acquired companies were previously under the consulting business.
Apart from the existing engineering business line, the company also announced a fourth newly created line called Business Process Services, with Jasjit Kang as its head.
(Reporting by Haripriya Suresh and Nishit Navin; Editing by Shilpi Majumdar and Devika Syamnath)
(([email protected];))
ColorTokens Partners With Wipro
March 13 (Reuters) - ColorTokens:
COLORTOKENS - PARTNERS WITH WIPRO
Source text: ID:nPn73K2F9a
(([email protected];))
March 13 (Reuters) - ColorTokens:
COLORTOKENS - PARTNERS WITH WIPRO
Source text: ID:nPn73K2F9a
(([email protected];))
Wipro Commits $200 Million To Wipro Ventures
Feb 26 (Reuters) - Wipro Ltd WIPR.NS:
WIPRO LTD - COMMITS $200 MILLION TO WIPRO VENTURES
Source text: ID:nNSE4fgk6q
Further company coverage: WIPR.NS
(([email protected];;))
Feb 26 (Reuters) - Wipro Ltd WIPR.NS:
WIPRO LTD - COMMITS $200 MILLION TO WIPRO VENTURES
Source text: ID:nNSE4fgk6q
Further company coverage: WIPR.NS
(([email protected];;))
Indian tech sector seen growing at 5.1% in FY25, Nasscom says
MUMBAI, Feb 24 (Reuters) - India's technology sector is expected to grow at 5.1% this fiscal year, driven by engineering research and development as well as rising global capacity centres, its main industry body said on Monday.
The National Association of Software and Service Companies (Nasscom) expects the industry's revenue to grow to $282.6 billion in fiscal 2025 and cross $300 billion in fiscal year 2026.
(Reporting by Haripriya Suresh and Sai Ishwarbharath; Editing by Janane Venkatraman)
(([email protected];))
MUMBAI, Feb 24 (Reuters) - India's technology sector is expected to grow at 5.1% this fiscal year, driven by engineering research and development as well as rising global capacity centres, its main industry body said on Monday.
The National Association of Software and Service Companies (Nasscom) expects the industry's revenue to grow to $282.6 billion in fiscal 2025 and cross $300 billion in fiscal year 2026.
(Reporting by Haripriya Suresh and Sai Ishwarbharath; Editing by Janane Venkatraman)
(([email protected];))
ITCONS e-Solutions Secures Work Order Worth 6.4 Mln Rupees From Wipro For Manpower Services
Feb 20 (Reuters) - ITCONS e-Solutions Ltd ITCO.BO:
SECURES WORK ORDER WORTH 6.4 MILLION RUPEES FROM WIPRO FOR MANPOWER SERVICES
Source text: ID:nBSEbnR2SG
Further company coverage: ITCO.BO
(([email protected];;))
Feb 20 (Reuters) - ITCONS e-Solutions Ltd ITCO.BO:
SECURES WORK ORDER WORTH 6.4 MILLION RUPEES FROM WIPRO FOR MANPOWER SERVICES
Source text: ID:nBSEbnR2SG
Further company coverage: ITCO.BO
(([email protected];;))
Cognizant forecasts 2025 revenue below estimates as businesses temper IT spending
Adds details, executive comment in paragraph 3,4
Feb 5 (Reuters) - Cognizant Technology Solutions CTSH.O forecast annual revenue below estimates on Wednesday, as uncertainty about the path of future interest rate cuts forces companies to temper spending on IT services and consultancy.
Persistent high capital costs continue to strain IT spending, prompting enterprises to rethink spending on consultancy services while prioritizing investments in AI-related projects.
Still, an increase in spending by clients in the financial services sector helped Cognizant win more large deals in the fourth quarter than a year earlier, powering its quarterly revenue above Wall Street expectations.
"In North America, we are seeing an improved pipeline of opportunities for transformation and modernization projects across both insurance and select ADRs of banking and financial services clients," finance chief Jatin Dalal said.
The company's fourth-quarter revenue stood at $5.08 billion, compared to analysts' expectations of $5.07 billion, according to data compiled by LSEG.
Cognizant's adjusted profit came in at $1.21 per share in the quarter ended December 31, compared with analysts' average estimate of $1.12 per share.
The New Jersey-based company said it expects first-quarter revenue in the range of $5 billion to $5.1 billion, compared with analysts' average estimate of $5.06 billion.
Cognizant expects its 2025 revenue to be between $20.30 billion and $20.80 billion, lower than estimates of $20.89 billion compiled by LSEG.
It projected 2025 adjusted earnings between $4.90 per share and $5.06 per share. The midpoint of the forecast is $4.98 per share, compared with analysts' average estimate of $4.99 per share.
(Reporting by Priyanka.G and Akash Sriram in Bengaluru; Editing by Mohammed Safi Shamsi)
(([email protected];))
Adds details, executive comment in paragraph 3,4
Feb 5 (Reuters) - Cognizant Technology Solutions CTSH.O forecast annual revenue below estimates on Wednesday, as uncertainty about the path of future interest rate cuts forces companies to temper spending on IT services and consultancy.
Persistent high capital costs continue to strain IT spending, prompting enterprises to rethink spending on consultancy services while prioritizing investments in AI-related projects.
Still, an increase in spending by clients in the financial services sector helped Cognizant win more large deals in the fourth quarter than a year earlier, powering its quarterly revenue above Wall Street expectations.
"In North America, we are seeing an improved pipeline of opportunities for transformation and modernization projects across both insurance and select ADRs of banking and financial services clients," finance chief Jatin Dalal said.
The company's fourth-quarter revenue stood at $5.08 billion, compared to analysts' expectations of $5.07 billion, according to data compiled by LSEG.
Cognizant's adjusted profit came in at $1.21 per share in the quarter ended December 31, compared with analysts' average estimate of $1.12 per share.
The New Jersey-based company said it expects first-quarter revenue in the range of $5 billion to $5.1 billion, compared with analysts' average estimate of $5.06 billion.
Cognizant expects its 2025 revenue to be between $20.30 billion and $20.80 billion, lower than estimates of $20.89 billion compiled by LSEG.
It projected 2025 adjusted earnings between $4.90 per share and $5.06 per share. The midpoint of the forecast is $4.98 per share, compared with analysts' average estimate of $4.99 per share.
(Reporting by Priyanka.G and Akash Sriram in Bengaluru; Editing by Mohammed Safi Shamsi)
(([email protected];))
Cognizant forecasts 2025 revenue below estimates as businesses temper IT spending
Feb 5 (Reuters) - Cognizant Technology Solutions CTSH.O forecast annual revenue below estimates on Wednesday, as uncertainty about the path of future interest rate cuts forces companies to temper spending on IT services and consultancy.
Persistent high capital costs continue to strain IT spending, prompting enterprises to cut back on consultancy services while prioritizing investments in AI-related projects.
Cognizant's shares fell 1.2% in extended trading.
Uncertainty around rate cuts by the U.S. Federal Reserve this year is exacerbated by President Donald Trump's changes to immigration policies, tariffs and other initiatives, forcing companies to limit spending.
The company's fourth-quarter revenue stood at $5.08 billion, compared to analysts' expectations of $5.07 billion, according to data compiled by LSEG.
Cognizant's adjusted profit came in at $1.21 per share in the quarter ended December 31, compared with estimates of $1.12 per share.
The New Jersey-based company expects first-quarter revenue in the range of $5 billion to $5.1 billion, compared to analysts' estimates of $5.06 billion.
Cognizant expects its 2025 revenue to be between $20.3 billion and $20.8 billion, lower than estimates of $20.89 billion.
It projected 2025 adjusted earnings between $4.90 per share and $5.06 per share. The midpoint of the forecast is $4.98 per share, compared with estimates of $4.99 per share.
(Reporting by Priyanka.G and Akash Sriram in Bengaluru; Editing by Mohammed Safi Shamsi)
(([email protected];))
Feb 5 (Reuters) - Cognizant Technology Solutions CTSH.O forecast annual revenue below estimates on Wednesday, as uncertainty about the path of future interest rate cuts forces companies to temper spending on IT services and consultancy.
Persistent high capital costs continue to strain IT spending, prompting enterprises to cut back on consultancy services while prioritizing investments in AI-related projects.
Cognizant's shares fell 1.2% in extended trading.
Uncertainty around rate cuts by the U.S. Federal Reserve this year is exacerbated by President Donald Trump's changes to immigration policies, tariffs and other initiatives, forcing companies to limit spending.
The company's fourth-quarter revenue stood at $5.08 billion, compared to analysts' expectations of $5.07 billion, according to data compiled by LSEG.
Cognizant's adjusted profit came in at $1.21 per share in the quarter ended December 31, compared with estimates of $1.12 per share.
The New Jersey-based company expects first-quarter revenue in the range of $5 billion to $5.1 billion, compared to analysts' estimates of $5.06 billion.
Cognizant expects its 2025 revenue to be between $20.3 billion and $20.8 billion, lower than estimates of $20.89 billion.
It projected 2025 adjusted earnings between $4.90 per share and $5.06 per share. The midpoint of the forecast is $4.98 per share, compared with estimates of $4.99 per share.
(Reporting by Priyanka.G and Akash Sriram in Bengaluru; Editing by Mohammed Safi Shamsi)
(([email protected];))
Wipro Says Transaction For Applied Value Technologies Now Expected To Complete By March 31, 2025
Jan 30 (Reuters) - Wipro Ltd WIPR.NS:
TRANSACTION FOR APPLIED VALUE TECHNOLOGIES NOW EXPECTED TO COMPLETE BY MARCH 31, 2025
Source text: [ID:]
Further company coverage: WIPR.NS
(([email protected];;))
Jan 30 (Reuters) - Wipro Ltd WIPR.NS:
TRANSACTION FOR APPLIED VALUE TECHNOLOGIES NOW EXPECTED TO COMPLETE BY MARCH 31, 2025
Source text: [ID:]
Further company coverage: WIPR.NS
(([email protected];;))
Wipro Says Unit Designit Sweden AB Voluntarily Liquidated
Jan 28 (Reuters) - Wipro Ltd WIPR.NS:
UNIT DESIGNIT SWEDEN AB VOLUNTARILY LIQUIDATED
Source text: [ID:]
Further company coverage: WIPR.NS
(([email protected];;))
Jan 28 (Reuters) - Wipro Ltd WIPR.NS:
UNIT DESIGNIT SWEDEN AB VOLUNTARILY LIQUIDATED
Source text: [ID:]
Further company coverage: WIPR.NS
(([email protected];;))
Wipro Says Step-Down Subsidiary Designit Sweden AB Voluntarily Liquidated
Jan 23 (Reuters) - Wipro Ltd WIPR.NS:
STEP-DOWN SUBSIDIARY DESIGNIT SWEDEN AB VOLUNTARILY LIQUIDATED
Source text: ID:nNSE9Ht3qc
Further company coverage: WIPR.NS
(([email protected];;))
Jan 23 (Reuters) - Wipro Ltd WIPR.NS:
STEP-DOWN SUBSIDIARY DESIGNIT SWEDEN AB VOLUNTARILY LIQUIDATED
Source text: ID:nNSE9Ht3qc
Further company coverage: WIPR.NS
(([email protected];;))
Wipro Says Step-Down Unit Capco (UK) 1 Dissolved
Jan 20 (Reuters) - Wipro Ltd WIPR.NS:
WIPRO LTD - STEP-DOWN SUBSIDIARY CAPCO (UK) 1, LIMITED DISSOLVED
Source text: ID:nBSE6NJ7b1
Further company coverage: WIPR.NS
(([email protected];))
Jan 20 (Reuters) - Wipro Ltd WIPR.NS:
WIPRO LTD - STEP-DOWN SUBSIDIARY CAPCO (UK) 1, LIMITED DISSOLVED
Source text: ID:nBSE6NJ7b1
Further company coverage: WIPR.NS
(([email protected];))
Wipro Q3 Consol Rev From Ops 223.19 Bln Rupees; IBES Est. 222.28 Bln Rupees
Jan 17 (Reuters) - Wipro Ltd WIPR.NS:
WIPRO - DIVIDEND 6 RUPEES PER SHARE
WIPRO Q3 CONSOL NET PROFIT 33.54 BLN RUPEES; IBES EST. 30.71 BLN RUPEES
WIPRO Q3 CONSOL REV FROM OPS 223.19 BLN RUPEES; IBES EST. 222.28 BLN RUPEES
Further company coverage: WIPR.NS
(([email protected];))
Jan 17 (Reuters) - Wipro Ltd WIPR.NS:
WIPRO - DIVIDEND 6 RUPEES PER SHARE
WIPRO Q3 CONSOL NET PROFIT 33.54 BLN RUPEES; IBES EST. 30.71 BLN RUPEES
WIPRO Q3 CONSOL REV FROM OPS 223.19 BLN RUPEES; IBES EST. 222.28 BLN RUPEES
Further company coverage: WIPR.NS
(([email protected];))
Wipro Ltd expected to post earnings of 3 cents a share - Earnings Preview
Wipro Ltd WIT.N, WIT is expected to show a fall in quarterly revenue when it reports results on January 17 for the period ending December 31 2024
The Bangalore Karnataka-based company is expected to report a 1.8% decrease in revenue to $2.62 billion from $2.67 billion a year ago, according to the estimate from one analyst, based on LSEG data.
LSEG's mean analyst estimate for Wipro Ltd is for earnings of 3 cents per share.
The current average analyst rating on the shares is "sell" and the breakdown of recommendations is no "strong buy" or "buy," 3 "hold" and 5 "sell" or "strong sell."
The mean earnings estimate of analysts was unchanged in the last three months.
Wall Street's median 12-month price target for Wipro Ltd is $2.90, below its last closing price of $3.40.
Previous quarterly performance (using preferred earnings measure in US dollars).
QUARTER ENDING | STARMINESMARTESTIMATE® | LSEG IBES ESTIMATE | ACTUAL | BEAT, MET, MISSED | SURPRISE % |
Sep. 30 2024 | 0.03 | 0.03 | 0.04 | Beat | 4.9 |
Jun. 30 2024 | 0.03 | 0.03 | 0.04 | Beat | 3.7 |
Mar. 31 2024 | 0.03 | 0.03 | 0.03 | Met | -2.1 |
Dec. 31 2023 | 0.03 | 0.03 | 0.03 | Met | -8.3 |
Sep. 30 2023 | 0.03 | 0.03 | 0.03 | Met | -11.7 |
Jun. 30 2023 | 0.03 | 0.03 | 0.03 | Met | -10.8 |
Mar. 31 2023 | 0.04 | 0.04 | Met | 0 | |
Dec. 31 2022 | 0.04 | 0.04 | 0.04 | Met | 0 |
This summary was machine generated January 15 at 10:32 GMT. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact [email protected]. For any other questions or feedback, contact [email protected])
Wipro Ltd WIT.N, WIT is expected to show a fall in quarterly revenue when it reports results on January 17 for the period ending December 31 2024
The Bangalore Karnataka-based company is expected to report a 1.8% decrease in revenue to $2.62 billion from $2.67 billion a year ago, according to the estimate from one analyst, based on LSEG data.
LSEG's mean analyst estimate for Wipro Ltd is for earnings of 3 cents per share.
The current average analyst rating on the shares is "sell" and the breakdown of recommendations is no "strong buy" or "buy," 3 "hold" and 5 "sell" or "strong sell."
The mean earnings estimate of analysts was unchanged in the last three months.
Wall Street's median 12-month price target for Wipro Ltd is $2.90, below its last closing price of $3.40.
Previous quarterly performance (using preferred earnings measure in US dollars).
QUARTER ENDING | STARMINESMARTESTIMATE® | LSEG IBES ESTIMATE | ACTUAL | BEAT, MET, MISSED | SURPRISE % |
Sep. 30 2024 | 0.03 | 0.03 | 0.04 | Beat | 4.9 |
Jun. 30 2024 | 0.03 | 0.03 | 0.04 | Beat | 3.7 |
Mar. 31 2024 | 0.03 | 0.03 | 0.03 | Met | -2.1 |
Dec. 31 2023 | 0.03 | 0.03 | 0.03 | Met | -8.3 |
Sep. 30 2023 | 0.03 | 0.03 | 0.03 | Met | -11.7 |
Jun. 30 2023 | 0.03 | 0.03 | 0.03 | Met | -10.8 |
Mar. 31 2023 | 0.04 | 0.04 | Met | 0 | |
Dec. 31 2022 | 0.04 | 0.04 | 0.04 | Met | 0 |
This summary was machine generated January 15 at 10:32 GMT. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact [email protected]. For any other questions or feedback, contact [email protected])
India's TCS counts on Trump to boost US client spending
Q3 net profit 123.80 bln rupees vs forecast 123.99 bln
Q3 consolidated revenue 639.73 bln rupees vs forecast 644.52 bln
Order book $10.2 bln vs $8.6 bln in Q2
Recasts paragraph 1, adds CEO quotes from paragraph 3
By Sai Ishwarbharath B and Haripriya Suresh
BENGALURU/MUMBAI, Jan 9 (Reuters) - India’s No. 1 software services exporter Tata Consultancy Services (TCS) TCS.NS said on Thursday it is betting on Donald Trump's regime to revive client confidence and discretionary spending in North America.
The comments came after the leader of the $254 billion Indian IT sector reported a decline in North American revenue for the fifth-straight quarter.
“Once the new (U.S.) administration comes in, it will remove any policy uncertainty,” TCS CEO K Krithivasan said in a post-earnings press conference.
Pointing also to a higher order book, Krithivasan said: “All of this together, we see more confidence in discretionary programmes in the coming years.”
The Mumbai-based company also declared a special dividend of 66 rupees ($0.7691) per share.
Consolidated revenue at the Tata Group firm rose 5.6% to 639.73 billion rupees in the October-December quarter, but missed analysts' average estimate of 644.52 billion rupees, according to data compiled by LSEG.
TCS' quarterly net profit rose 12% to 123.80 billion rupees, against analysts' mean estimate of 123.99 billion rupees.
"Revenue growth was below expectations but the third quarter is a seasonally weak one as most clients ramp down operations due to the holiday season," said Piyush Pandey, analyst at Centrum Broking.
Pandey, however, highlighted deal wins and operating margin improvement as "positives" that may aid a turnaround in the United States in the coming quarters.
India's IT services industry has been facing a growth slowdown over the last couple of years due to clients in the U.S. and Europe cutting down on tech spending amid economic pressures.
The company's total order book stood at $10.2 billion in the quarter, compared with $8.6 billion in the previous quarter and $8.1 billion in the year-ago period.
TCS is the first major IT firm to report numbers in the current earnings cycle. Smaller rivals Infosys INFY.NS, HCLTech HCLT.NS, Wipro WIPR.NS will report next week.
The Mumbai-listed shares closed 1.7% lower ahead of the results.
($1 = 85.8420 Indian rupees)
(Reporting by Sai Ishwarbharath B. Editing by Eileen Soreng, Dhanya Skariachan and Mark Potter)
(([email protected];))
Q3 net profit 123.80 bln rupees vs forecast 123.99 bln
Q3 consolidated revenue 639.73 bln rupees vs forecast 644.52 bln
Order book $10.2 bln vs $8.6 bln in Q2
Recasts paragraph 1, adds CEO quotes from paragraph 3
By Sai Ishwarbharath B and Haripriya Suresh
BENGALURU/MUMBAI, Jan 9 (Reuters) - India’s No. 1 software services exporter Tata Consultancy Services (TCS) TCS.NS said on Thursday it is betting on Donald Trump's regime to revive client confidence and discretionary spending in North America.
The comments came after the leader of the $254 billion Indian IT sector reported a decline in North American revenue for the fifth-straight quarter.
“Once the new (U.S.) administration comes in, it will remove any policy uncertainty,” TCS CEO K Krithivasan said in a post-earnings press conference.
Pointing also to a higher order book, Krithivasan said: “All of this together, we see more confidence in discretionary programmes in the coming years.”
The Mumbai-based company also declared a special dividend of 66 rupees ($0.7691) per share.
Consolidated revenue at the Tata Group firm rose 5.6% to 639.73 billion rupees in the October-December quarter, but missed analysts' average estimate of 644.52 billion rupees, according to data compiled by LSEG.
TCS' quarterly net profit rose 12% to 123.80 billion rupees, against analysts' mean estimate of 123.99 billion rupees.
"Revenue growth was below expectations but the third quarter is a seasonally weak one as most clients ramp down operations due to the holiday season," said Piyush Pandey, analyst at Centrum Broking.
Pandey, however, highlighted deal wins and operating margin improvement as "positives" that may aid a turnaround in the United States in the coming quarters.
India's IT services industry has been facing a growth slowdown over the last couple of years due to clients in the U.S. and Europe cutting down on tech spending amid economic pressures.
The company's total order book stood at $10.2 billion in the quarter, compared with $8.6 billion in the previous quarter and $8.1 billion in the year-ago period.
TCS is the first major IT firm to report numbers in the current earnings cycle. Smaller rivals Infosys INFY.NS, HCLTech HCLT.NS, Wipro WIPR.NS will report next week.
The Mumbai-listed shares closed 1.7% lower ahead of the results.
($1 = 85.8420 Indian rupees)
(Reporting by Sai Ishwarbharath B. Editing by Eileen Soreng, Dhanya Skariachan and Mark Potter)
(([email protected];))
Wipro Ltd expected to post earnings of 3 cents a share - Earnings Preview
Wipro Ltd WIT.N, WIT is expected to show a fall in quarterly revenue when it reports results on January 17 for the period ending December 31 2024
The Bangalore Karnataka-based company is expected to report a 1.8% decrease in revenue to $2.62 billion from $2.67 billion a year ago, according to the estimate from one analyst, based on LSEG data.
LSEG's mean analyst estimate for Wipro Ltd is for earnings of 3 cents per share.
The current average analyst rating on the shares is "sell" and the breakdown of recommendations is no "strong buy" or "buy," 3 "hold" and 5 "sell" or "strong sell."
The mean earnings estimate of analysts was unchanged in the last three months.
Wall Street's median 12-month price target for Wipro Ltd is $2.85, below its last closing price of $3.46.
Previous quarterly performance (using preferred earnings measure in US dollars).
QUARTER ENDING | STARMINESMARTESTIMATE® | LSEG IBES ESTIMATE | ACTUAL | BEAT, MET, MISSED | SURPRISE % |
Sep. 30 2024 | 0.03 | 0.03 | 0.04 | Beat | 4.9 |
Jun. 30 2024 | 0.03 | 0.03 | 0.04 | Beat | 3.7 |
Mar. 31 2024 | 0.03 | 0.03 | 0.03 | Met | -2.1 |
Dec. 31 2023 | 0.03 | 0.03 | 0.03 | Met | -8.3 |
Sep. 30 2023 | 0.03 | 0.03 | 0.03 | Met | -11.7 |
Jun. 30 2023 | 0.03 | 0.03 | 0.03 | Met | -10.8 |
Mar. 31 2023 | 0.04 | 0.04 | Met | 0 | |
Dec. 31 2022 | 0.04 | 0.04 | 0.04 | Met | 0 |
This summary was machine generated January 8 at 10:32 GMT. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact [email protected]. For any other questions or feedback, contact [email protected])
Wipro Ltd WIT.N, WIT is expected to show a fall in quarterly revenue when it reports results on January 17 for the period ending December 31 2024
The Bangalore Karnataka-based company is expected to report a 1.8% decrease in revenue to $2.62 billion from $2.67 billion a year ago, according to the estimate from one analyst, based on LSEG data.
LSEG's mean analyst estimate for Wipro Ltd is for earnings of 3 cents per share.
The current average analyst rating on the shares is "sell" and the breakdown of recommendations is no "strong buy" or "buy," 3 "hold" and 5 "sell" or "strong sell."
The mean earnings estimate of analysts was unchanged in the last three months.
Wall Street's median 12-month price target for Wipro Ltd is $2.85, below its last closing price of $3.46.
Previous quarterly performance (using preferred earnings measure in US dollars).
QUARTER ENDING | STARMINESMARTESTIMATE® | LSEG IBES ESTIMATE | ACTUAL | BEAT, MET, MISSED | SURPRISE % |
Sep. 30 2024 | 0.03 | 0.03 | 0.04 | Beat | 4.9 |
Jun. 30 2024 | 0.03 | 0.03 | 0.04 | Beat | 3.7 |
Mar. 31 2024 | 0.03 | 0.03 | 0.03 | Met | -2.1 |
Dec. 31 2023 | 0.03 | 0.03 | 0.03 | Met | -8.3 |
Sep. 30 2023 | 0.03 | 0.03 | 0.03 | Met | -11.7 |
Jun. 30 2023 | 0.03 | 0.03 | 0.03 | Met | -10.8 |
Mar. 31 2023 | 0.04 | 0.04 | Met | 0 | |
Dec. 31 2022 | 0.04 | 0.04 | 0.04 | Met | 0 |
This summary was machine generated January 8 at 10:32 GMT. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact [email protected]. For any other questions or feedback, contact [email protected])
India's Wipro set to be top weekly loser among Nifty 50 stocks
** Wipro WIPR.NS, India's 4th largest IT firm, down ~4.4% for the week, set for worst weekly performance among Nifty 50 .NSEI stocks
** WIPR down 2.8% at 295.30 rupees on Fri
** CLSA on Wed downgraded stock to "hold" from "outperform"
** After stock's recent outperformance, brokerage expects co's revenue growth to be weakest among large-cap IT firms
** Stock up 29.5% in last 12 months vs 27.10% gain in IT index .NIFTYIT
** Brokerage expects continued weakness in co's manufacturing and energy & utilities verticals
** Nomura expects WIPR to be weakest performer among large-cap IT stocks, at -1% Q/Q growth
** Brokerage, however, maintains "buy" rating, PT second-highest among analysts
** Stock rated "hold" on avg by 37 analysts -LSEG data
** HCL Technologies HCLT.NS set to be best weekly performer among IT stocks, up ~3.17%; CLSA, Nomura expect co to have strongest sequential rev growth
($1 = 85.7630 Indian rupees)
(Reporting by Ananta Agarwal in Bengaluru)
** Wipro WIPR.NS, India's 4th largest IT firm, down ~4.4% for the week, set for worst weekly performance among Nifty 50 .NSEI stocks
** WIPR down 2.8% at 295.30 rupees on Fri
** CLSA on Wed downgraded stock to "hold" from "outperform"
** After stock's recent outperformance, brokerage expects co's revenue growth to be weakest among large-cap IT firms
** Stock up 29.5% in last 12 months vs 27.10% gain in IT index .NIFTYIT
** Brokerage expects continued weakness in co's manufacturing and energy & utilities verticals
** Nomura expects WIPR to be weakest performer among large-cap IT stocks, at -1% Q/Q growth
** Brokerage, however, maintains "buy" rating, PT second-highest among analysts
** Stock rated "hold" on avg by 37 analysts -LSEG data
** HCL Technologies HCLT.NS set to be best weekly performer among IT stocks, up ~3.17%; CLSA, Nomura expect co to have strongest sequential rev growth
($1 = 85.7630 Indian rupees)
(Reporting by Ananta Agarwal in Bengaluru)
Wipro Says Capco Consulting Middle East FZE Incorporated As Unit
Dec 18 (Reuters) - Wipro Ltd WIPR.NS:
CAPCO CONSULTING MIDDLE EAST FZE INCORPORATED AS UNIT
Source text: [ID:]
Further company coverage: WIPR.NS
(([email protected];;))
Dec 18 (Reuters) - Wipro Ltd WIPR.NS:
CAPCO CONSULTING MIDDLE EAST FZE INCORPORATED AS UNIT
Source text: [ID:]
Further company coverage: WIPR.NS
(([email protected];;))
Wipro To Acquire 100% Shareholding In Applied Value Technologies, Affiliates
Dec 16 (Reuters) - Wipro Ltd WIPR.NS:
WIPRO -TO ACQUIRE 100% SHAREHOLDING IN APPLIED VALUE TECHNOLOGIES, AFFILIATES
WIPRO -DEAL FOR $ 40 MILLION
Source text: [ID:]
Further company coverage: WIPR.NS
(([email protected];))
Dec 16 (Reuters) - Wipro Ltd WIPR.NS:
WIPRO -TO ACQUIRE 100% SHAREHOLDING IN APPLIED VALUE TECHNOLOGIES, AFFILIATES
WIPRO -DEAL FOR $ 40 MILLION
Source text: [ID:]
Further company coverage: WIPR.NS
(([email protected];))
Wipro - Co, SIAM.AI Build AI Assistant For Tourism Authority Of Thailand With NVIDIA AI
Dec 6 (Reuters) - Wipro Ltd WIPR.NS:
WIPRO - WIPRO AND SIAM.AI BUILD AI ASSISTANT FOR TOURISM AUTHORITY OF THAILAND WITH NVIDIA AI
Further company coverage: WIPR.NS
(([email protected];))
Dec 6 (Reuters) - Wipro Ltd WIPR.NS:
WIPRO - WIPRO AND SIAM.AI BUILD AI ASSISTANT FOR TOURISM AUTHORITY OF THAILAND WITH NVIDIA AI
Further company coverage: WIPR.NS
(([email protected];))
Wipro And Netskope Partner
Dec 3 (Reuters) - Wipro Ltd WIPR.NS:
WIPRO - WIPRO AND NETSKOPE PARTNER
WIPRO - WIPRO AND NETSKOPE PARTNER TO OFFER CYBERSECURITY OPTIMIZATION ADVISORY SERVICES
Source text: [ID:]
Further company coverage: WIPR.NS
(([email protected];;))
Dec 3 (Reuters) - Wipro Ltd WIPR.NS:
WIPRO - WIPRO AND NETSKOPE PARTNER
WIPRO - WIPRO AND NETSKOPE PARTNER TO OFFER CYBERSECURITY OPTIMIZATION ADVISORY SERVICES
Source text: [ID:]
Further company coverage: WIPR.NS
(([email protected];;))
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What does Wipro do?
Wipro Limited is a leading technology services and consulting company offering innovative solutions for complex digital transformation needs. With a focus on diverse capabilities and emerging technologies, Wipro helps clients in building sustainable and future-ready businesses worldwide.
Who are the competitors of Wipro?
Wipro major competitors are Tech Mahindra, LTIMindtree, Persistent Systems, HCL Tech., Oracle Finl. Service, Coforge, Mphasis. Market Cap of Wipro is ₹2,58,782 Crs. While the median market cap of its peers are ₹85,107 Crs.
Is Wipro financially stable compared to its competitors?
Wipro seems to be less financially stable compared to its competitors. Altman Z score of Wipro is 5.72 and is ranked 8 out of its 8 competitors.
Does Wipro pay decent dividends?
The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. Wipro latest dividend payout ratio is 47.83% and 3yr average dividend payout ratio is 19.13%
How has Wipro allocated its funds?
Companies resources are allocated to majorly unproductive assets like Cash & Short Term Investments
How strong is Wipro balance sheet?
Balance sheet of Wipro is strong. It shouldn't have solvency or liquidity issues.
Is the profitablity of Wipro improving?
The profit is oscillating. The profit of Wipro is ₹13,135 Crs for Mar 2025, ₹11,045 Crs for Mar 2024 and ₹11,350 Crs for Mar 2023
Is the debt of Wipro increasing or decreasing?
The net debt of Wipro is decreasing. Latest net debt of Wipro is -₹8,213.1 Crs as of Mar-25. This is less than Mar-24 when it was -₹5,242.3 Crs.
Is Wipro stock expensive?
Wipro is not expensive. Latest PE of Wipro is 19.7, while 3 year average PE is 22.95. Also latest EV/EBITDA of Wipro is 14.58 while 3yr average is 16.15.
Has the share price of Wipro grown faster than its competition?
Wipro has given lower returns compared to its competitors. Wipro has grown at ~11.26% over the last 8yrs while peers have grown at a median rate of 18.2%
Is the promoter bullish about Wipro?
Promoters seem not to be bullish about the company and have been selling shares in the open market. Latest quarter promoter holding in Wipro is 72.73% and last quarter promoter holding is 72.75%
Are mutual funds buying/selling Wipro?
The mutual fund holding of Wipro is decreasing. The current mutual fund holding in Wipro is 4.08% while previous quarter holding is 4.29%.