If Wipro fails to defend the 200-WMA placed at Rs 378, the stock can slide to near Rs 300-mark. On the other hand, HCL Technologies seems to be on course to test Rs 1,200.
Wipro expect sequential revenue growth of 0.5 per cent to 2.0 per cent for October-December quarter
Attrition for the quarter was at 23 per cent, down from 23.3 per cent from last quarter
Wipro Q2 results preview: Its margins will likely be weak over the last year, but may improve on a quarterly basis by 20-30 basis points (bps) to 15.3 per cent
Wipro, Tech Mahindra see double-digit decline in net profit
Stocks to Watch Today: CRISIL, GSFC, Hindustan Zinc, JSW Energy, Mphasis, PVR, RBL Bank and SRF to announce Q1 results on Thursday.
The margin for India's fourth-largest IT services firm declined 200 basis points over the previous quarter.
Despite a below-expectation showing, IT major expects double-digit growth in FY23
BENGALURU (Reuters) -India's Wipro Ltd on Wednesday 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.
Ahead of Wipro's Q1FY23 results, data suggests the net income of Wipro saw growth in Q4FY22 and stood at $406.9 million. However, it was lower than the net income in Q1FY22, reported at $434.8 million
At the bourses, shares of Wipro have tumbled over 43 per cent so far in calendar year 2022. In comparison, Nifty50 and the S&P BSE Sensex have tanked 8 per cent each.
IT services company Wipro Ltd on Tuesday said it expects to ramp up employee count in Norway to 350 in the next two years, and is increasing investment there locally to help clients capitalise on digital transformation. With increased local investment, Wipro is positioning itself as a core part of the business ecosystem in Norway, the Bengaluru-headquartered IT major said in a release. "Wipro Ltd, a leading global information technology, consulting and business process services company, is increasing its investment locally in Norway to help its clients capitalise on digital transformation," Wipro said. Within the next two years the company is looking to grow from 85 to 350 employees in Norway, it said. "The increased local investment is part of our new operating model, which has identified the Nordics as one of the strategic market units in Europe. As such, we are positioning ourselves as an innovation partner to businesses in the region," Vinay Firake, Senior Vice President & ...
Attrition rate at near 24%, revenue up over 28% to Rs 20,860 crore
CLOSING BELL: Coal India, Adani Ports, Power Grid, Maruti Suzuki, Bajaj Auto, ONGC, Wipro, and Britannia Industries were the other laggards, down between 2.5 per cent and 4 per cent
Among sectors, the Nifty Metal index zoomed 3.5 per cent on the NSE today while the Nifty Realty index slumped 0.8 per cent
IT services EBIT margin declined 60 bps QoQ to 17.1 per cent vs. 17.7 per cent last quarter.
Revenue for the quarter at Rs 20,311 crore was up 29.6 per cent YoY and and 3.3 per cent sequentially
Consolidated revenue from operations rose 30% to Rs 20,313 cr
Brokerage firm Jefferies sees EBIT margins of the company declining by 70 basis points to 16.6 per cent from the previous quarter, on the back of salary hikes.
The BSE m-cap stood at Rs 272.8 trillion by close