Overall, the sentiment remains cautiously optimistic for Wipro ahead of results, with key focus areas including large-deal pipelines and consulting growth.
Wipro bonus issue: Wipro bonus issue: The board will consider bonus issue in a board meeting from October 16 to October 17
The Nasdaq rose more than 2% on Thursday after July the US retail sales data signalled resilient consumer spending, allaying fears of an imminent recession in the world's largest economy.
Shares of Wipro plunged up to 8.79 per cent at Rs 508.25 per share on the BSE in Monday's intraday trade
Weakness in demand evident, discretionary spends similar: IT majors
IT services segment revenue was at $2,625.9 million, a decrease of 1.2 per cent Q-o-Q and a decrease of 5.5 per cent Y-o-Y
Wipro is expected to see a tepid June quarter with revenues estimated to slide on a year on year basis and net profits seeing a marginal rise
Wipro may see a revenues in the range of Rs 22,195 crore to Rs 22,409 crore for Q1, a fall 1-3 per cent year-on-year (YoY)
Lab45 is Wipro's innovation lab and the Lab45 AI platform is available to all Wipro employees and clients
Wipro's communication vertical declined 14.7 per cent year-on-year and contributed 4.2 per cent to the total revenue as of FY24
Stocks to Watch on Monday, April 22, 2024: Reliance Industries, Rallis India, Mahindra Logistics, Hatsun Agro Product, and Tejas Networks will announce their March quarter earnings today
FY25 Q1 revenue growth forecast at -1.5 to +0.5%
Wipro's shares closed at Rs 452.85 on Friday ahead of its financial results
According to brokerage estimates, Wipro is likely to report a net profit in the range of Rs 2,778 crore to Rs 2,829 crore for the fourth quarter, down 8-10 per cent year on year (YoY)
'Most client conversations are about cost-saving efforts and there is a conversation every time about AI,' Suzanne Dann said in an interview at the World Economic Forum in Davos, Switzerland
Closing Bell on January 15, 2024: Shares of Wipro surged 14 per cent intraday, before closing 6 per cent higher, as the company beat profit estimates in its third quarter results (Q3FY24)
The commentary on higher deal wins in the Consulting vertical indicates that the drag from that segment is now bottoming out, which should help improve overall growth, as per Motilal Oswal Securities
Wipro Q3 results: The shares of the company had risen over 4 per cent in anticipation of the results on Friday
Thierry Delaporte, chief executive officer and managing director, Wipro, talks about the demand environment, large deals pipeline, and acquisition strategy in an interview with Ayushman Baruah
Wipro Q2 results review: The stock took a hit and fell up to 4 per cent intra-day as brokerages lowered earnings estimates and trimmed price targets