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
Wipro and MindTree logged new life-time highs in trade on Thursday and can see further upside of up to 11 per cent
Motilal Oswal maintains a 'Neutral' stance on the stock and awaits further evidence of execution of Wipro's refreshed strategy, & successful turnaround from its growth struggles over the last decade
Firm surpassed $10 billion in annualised revenue run rate
Business Standard brings you the top headlines on Wednesday
Consolidated revenue rose 30% on an annual basis at Rs 19,670 crore
Wipro Ltd's shares rose as much as 2.3% to a record high on Friday, a day after the Indian IT services firm reported a jump in quarterly profit ahead of analysts' estimates
The robust growth guidance, coupled with healthy deal wins and traction in digital technologies prompt ICICI Securities to be positive on the stock
The company's revenue guidance or Q2FY22 ranges between $2,535 million to $2,583 million, representing a growth of 5-7 per cent
Its consolidated revenue from operations rose to Rs 18,252.4 crore from Rs 14,913.1 crore in the year-ago quarter