Exane BNP Paribas initiated coverage of Wipro with a rating of Underperform and set a new price target of $5.20
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 1/2/2025 | Sell → Neutral | UBS | |
| 12/9/2024 | Reduce → Hold | HSBC Securities | |
| 10/3/2024 | Hold → Sell | Investec | |
| 7/2/2024 | Buy | Nomura | |
| 1/17/2024 | $5.20 | Underperform | Exane BNP Paribas |
| 8/22/2023 | Sell | Goldman | |
| 5/23/2023 | $4.30 | Underweight | JP Morgan |
| 3/22/2023 | $5.09 → $3.90 | Mkt Perform → Underperform | Bernstein |
UBS upgraded Wipro from Sell to Neutral
HSBC Securities upgraded Wipro from Reduce to Hold
Investec downgraded Wipro from Hold to Sell
6-K - WIPRO LTD (0001123799) (Filer)
6-K - WIPRO LTD (0001123799) (Filer)
6-K - WIPRO LTD (0001123799) (Filer)
Aims to Install an Independent Slate and Legendary CEO Committed to Abandoning the Blocked Nippon Deal, Collecting the $565 Million Breakup Fee and Making U.S. Steel Great Again in the Public Market Believes the Board's Decision to Pursue a Risky Sale to Nippon – an Overseas Bidder Paying Just $1 Per Share More Than the Top Domestic Bidder – Has Led to a Dead End Contends the Board and CEO David Burritt, Who Collectively Stood to Receive $100+ Million if the Sale Proceeded, Prioritized Deal Advocacy at the Expense of Financial Health and Operational Performance Expresses Concern About the Board and Mr. Burritt Continuing to Devote Immense Resources to Litigation Despite Legal Headwind
Revenue grows 0.1% QoQ, above upper end of guidance. Operating margin 12 quarter high at 17.5%; Expands 0.7% QoQ. Net income grows 24.5% YoY and 4.5% QoQ; EPS growth of 24.4% YoY. Operating cash flows at 146.5% of net income. Wipro Limited (NYSE:WIT, BSE: 507685, NSE: WIPRO)), a leading technology services and consulting company, announced financial results under International Financial Reporting Standards (IFRS) for the quarter ended December 31, 2024. Highlights of the Results Results for the Quarter ended December 31, 2024: Gross revenue was at Rs 223.2 billion ($2,608.9 million1), an increase of 0.1% QoQ and 0.5% YoY. IT services segment revenue was at $2,629.1 million, decr
Wipro Limited (NYSE:WIT, BSE: 507685, NSE: WIPRO)) a leading technology services and consulting company, will announce results for the third quarter ended December 31, 2024, on Friday, January 17, 2025, after stock market trading hours in India. The results will be available in the Investors section of the company's website at www.wipro.com/investors/. At 7:00 PM IST* (8:30 AM US Eastern time) following the results announcement, the senior management will discuss the company's performance for the quarter and answer questions sent by 6:30 PM IST* (8:00 AM US Eastern time) to: [email protected] or [email protected]. The audio from the conference call will be available online th
SC 13G/A - WIPRO LTD (0001123799) (Subject)
SC 13D/A - WIPRO LTD (0001123799) (Filed by)
SC 13D/A - WIPRO LTD (0001123799) (Filed by)
Aims to Install an Independent Slate and Legendary CEO Committed to Abandoning the Blocked Nippon Deal, Collecting the $565 Million Breakup Fee and Making U.S. Steel Great Again in the Public Market Believes the Board's Decision to Pursue a Risky Sale to Nippon – an Overseas Bidder Paying Just $1 Per Share More Than the Top Domestic Bidder – Has Led to a Dead End Contends the Board and CEO David Burritt, Who Collectively Stood to Receive $100+ Million if the Sale Proceeded, Prioritized Deal Advocacy at the Expense of Financial Health and Operational Performance Expresses Concern About the Board and Mr. Burritt Continuing to Devote Immense Resources to Litigation Despite Legal Headwind
Revenue grows 0.1% QoQ, above upper end of guidance. Operating margin 12 quarter high at 17.5%; Expands 0.7% QoQ. Net income grows 24.5% YoY and 4.5% QoQ; EPS growth of 24.4% YoY. Operating cash flows at 146.5% of net income. Wipro Limited (NYSE:WIT, BSE: 507685, NSE: WIPRO)), a leading technology services and consulting company, announced financial results under International Financial Reporting Standards (IFRS) for the quarter ended December 31, 2024. Highlights of the Results Results for the Quarter ended December 31, 2024: Gross revenue was at Rs 223.2 billion ($2,608.9 million1), an increase of 0.1% QoQ and 0.5% YoY. IT services segment revenue was at $2,629.1 million, decr
Wipro Limited (NYSE:WIT, BSE: 507685, NSE: WIPRO)) a leading technology services and consulting company, will announce results for the third quarter ended December 31, 2024, on Friday, January 17, 2025, after stock market trading hours in India. The results will be available in the Investors section of the company's website at www.wipro.com/investors/. At 7:00 PM IST* (8:30 AM US Eastern time) following the results announcement, the senior management will discuss the company's performance for the quarter and answer questions sent by 6:30 PM IST* (8:00 AM US Eastern time) to: [email protected] or [email protected]. The audio from the conference call will be available online th
Wipro Limited (NYSE:WIT, BSE: 507685, NSE: WIPRO))), a leading technology services and consulting company, today announced the appointment of Srikumar Rao as Global Head of its Engineering Edge Business Line, effective from October 5, 2024. Srikumar succeeds Harmeet Chauhan, who is stepping down to pursue opportunities outside the organization. Srikumar will report to Srini Pallia. Srikumar has been with Wipro for 26 years and has grown with the organization, serving in various leadership roles. He was most recently the Chief Operating Officer (COO) of Wipro Engineering Edge (WEE) and Global Practice Head of Embedded Systems. His work has spanned several markets, selling and delivering
Wipro Limited (NYSE:WIT, BSE: 507685, NSE: WIPRO))), a leading technology services and consulting company, today announced the appointment of Sanjeev Jain as the Chief Operating Officer effective immediately. Sanjeev succeeds Amit Choudhary, who is stepping down to pursue opportunities outside the organization. Sanjeev will report to Srinivas Pallia and will continue to be a member of Wipro's Executive Committee. Sanjeev joined Wipro in 2023 as the Global Head of Business Operations. He brings over 30 years of experience in leading large, diverse teams, scaling up global operations, and deploying Lean Six Sigma and design thinking principles to drive operational excellence and business tr
Wipro Limited (NYSE:WIT, BSE: 507685, NSE: WIPRO))), a leading technology services and consulting company, today announced the appointment of Vinay Firake as the Chief Executive Officer, APMEA (Asia Pacific, India, Middle East & Africa) Strategic Market Unit (SMU), effective immediately. Vinay will report to Srini Pallia and will also join the Wipro Executive Board. Vinay has been with Wipro for 26 years and has grown with the organization, serving in various leadership roles. He was most recently the Senior Vice President and Managing Director of Wipro-Nordics Business Unit based in Stockholm, where he led Operations across all industries and services. Prior to that, he led the Manufactu