Wipro

As part of the collaboration, the IT services company has created a dedicated Databricks business practice to develop industry-specific AI solutions and accelerators

Top IT firms reported muted growth as macroeconomic uncertainty, weak discretionary spending and AI-led disruption continued to weigh on traditional revenue streams

The acquisition, Wipro Consumer Care's 16th globally and second in the Philippines, will add brands including KERATINplus, AlcoPlus, DeoPlus, Empress and Fiona Cologne

Wipro's net profit in the first quarter rose less than a per cent to ₹3,325 crore, compared to a year earlier even as revenue rose 10.6 per cent to ₹24,480 crore.

The IT services major reported marginal profit growth in Q1 FY27, while issuing cautious revenue guidance amid an uncertain demand environment and weak deal ramp-up

Q1FY27 company results: Firms including Jio Financial Services, ITC Hotels, Ceat, Polycab India, Piramal Finance, and South Indian Bank are also to release their April-June earnings today

Wipro Chairman Rishad Premji said IT services firms can use their deep understanding of clients' processes and systems to unlock efficiency, innovation and AI-led growth

Wipro Q1 results preview, interim dividend: Along with its Q1 results, Wipro's board may also recommend an interim dividend for shareholders, according to an exchange filing.

The sector is weighed down by macroeconomic uncertainty, exacerbated by the West Asia conflict, and the disruptive impact of AI adoption

In the past four trading days, IT index outperformed the market by soaring 9 per cent, as against a 2 per cent gain in the Nifty 50.

Analysts expect weak constant-currency growth as AI-led pricing pressure, cautious client spending and geopolitical uncertainty weigh on demand despite currency gains

The Nifty IT currently quotes around 20 per cent below its 200-DMA. TCS, Infosys, Wipro and HCL Technologies are down in the range of 21-26 per cent form respective 200-DMAs.

In the past 20 trading days, the Nifty IT index tanked 17 per cent, as against a 2.2 per cent rise in the Nifty 50 till Wednesday.

Analysts expect another subdued quarter for IT services companies as macroeconomic uncertainty, delayed deal conversions and AI-led pricing pressures weigh on growth and margins

The telecom major added ₹7.64 trn in value over 5 years, while TCS, Infosys and Wipro together lost ₹8.5 trn, according to the Burgundy Private Hurun India 500 report

In the past three weeks, the Nifty IT index tanked 13 per cent, as against 2 per cent rise in the Nifty 50.

Indian IT stocks fell on Friday as Accenture narrowed its annual revenue growth forecast and issued weaker-than-expected fourth-quarter guidance, despite steady quarterly earnings.

Stocks to Watch today, June 19, 2026: Bharat Forge, Tata Motors, Jubilant Pharmova, Amber Enterprises and Mahindra Lifespace Developers are among the top stocks to remain in focus today

Fed decision, weak US cues: At 10:18 AM on Thursday, the Nifty IT index was the top sectoral loser, down 1 per cent, as against a 0.10 per cent rise in the Nifty 50.

Stock to Watch today, June 17: Bharat Forge, Samhi Hotels, NHPC, Krishna Institute of Medical Sciences (KIMS), Bank of Maharashtra, and Sula Vineyards are among the top stocks to watch today