We expect revenue from our IT Services business segment to be in the range of $2,600 million to $2,652 million*. This translates to sequential guidance of (-)1.0% to +1.0% in constant currency terms.
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 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 |
| 10/13/2022 | Neutral → Underperform | Credit Suisse | |
| 9/13/2022 | $4.87 | Sell → Buy | Goldman |
Shares of Selective Insurance Group, Inc. (NASDAQ:SIGI) fell sharply during Friday's session following weak quarterly results. Selective Insurance reported quarterly losses of $1.10 per share which missed the analyst consensus estimate of $1.49 per share. The company reported quarterly sales of $1.196 billion which missed the analyst consensus estimate of $1.204 billion, according to data from Benzinga Pro. Selective Insurance Group shares dipped 14.8% to $85.40 on Friday. Here are some other stocks moving in today’s mid-day session. Gainers Augmedix, Inc. (NASDAQ:AUGX) shares jumped 148.8% to $2.28 after the company announced it will be acquired by Commure. 60 Degrees Pha
Wipro Ltd (NYSE:WIT) shares are trading lower after the company reported first-quarter results. The company reported gross revenue of INR219.6 billion ($2.64 billion), down by 3.8% year-on-year, missing the analyst consensus estimate of $2.66 billion. EPS of 7 cents was in line with the analyst consensus estimate. IT Services revenue declined by 5.5% Y/Y to $2.63 billion. Adjusted constant currency IT Services segment revenue decreased by 4.9% Y/Y. IT Services’ operating margin for the quarter was 16.5%, up by 42 bps Y/Y. Net income was INR30.0 billion ($360.4 million), up by 4.6% Y/Y. Operating cash flow was at INR40.0 billion ($479.0 million). Total bookings stood at $3
U.S. stock futures were mixed this morning, with the Dow futures falling around 50 points on Friday. Shares of Scholastic Corporation (NASDAQ:SCHL) fell sharply in today's pre-market trading following weaker-than-expected fourth-quarter results. Scholastic reported quarterly earnings of $1.73 per share which missed the analyst consensus estimate of $2.66 per share. Quarterly sales came in at $474.9 million which missed the analyst consensus estimate of $552.496 million, according to data from Benzinga Pro. Scholastic shares dipped 11.9% to $32.21 in the pre-market trading session. Here are some big stocks recording losses in today's pre-market trading session. CrowdStrike Hol
SC 13G/A - WIPRO LTD (0001123799) (Subject)
SC 13D/A - WIPRO LTD (0001123799) (Filed by)
SC 13D/A - WIPRO LTD (0001123799) (Filed by)
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
6-K - WIPRO LTD (0001123799) (Filer)
6-K - WIPRO LTD (0001123799) (Filer)
6-K - WIPRO LTD (0001123799) (Filer)
Investec downgraded Wipro from Hold to Sell
Nomura initiated coverage of Wipro with a rating of Buy
Exane BNP Paribas initiated coverage of Wipro with a rating of Underperform and set a new price target of $5.20
Net income grew 6.8% QoQ and 21.3% YoY. IT Services revenue grew 1.3% QoQ. Margin expands 35 basis points QoQ. Large Deal Bookings at $1.5 billion, highest in 10 quarters. Operating cash flows at 132.3% 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 September 30, 2024. Highlights of the Results Results for the Quarter ended September 30, 2024: Gross revenue was at Rs 223.0 billion ($2,662.6 million1), an increase of 1.5% QoQ and decrease of 1.0% YoY. IT services segment revenue was at $2,660.1 million, an
Wipro Limited (NYSE:WIT, BSE: 507685, NSE: WIPRO))) a leading technology services and consulting company, will announce results for the second quarter ended September 30, 2024, on Thursday, October 17, 2024, 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* (9:30 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* (9:00 AM US Eastern time) to: [email protected] or [email protected]. The audio from the conference call will be available online
Large Deal Bookings at $1.2 billion. IT Services Margin expands 0.4% YoY. EPS increases 9.9% YoY. Operating cash flows at 131.6% 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 June 30, 2024. Highlights of the Results Results for the Quarter ended June 30, 2024: Gross revenue was at Rs 219.6 billion ($2,635.8 million1), a decrease of 1.1% QoQ and 3.8% YoY. IT services segment revenue was at $2,625.9 million, a decrease of 1.2% QoQ and decrease of 5.5% YoY. Non-GAAP2 constant currency IT Services se
Wipro Limited (NYSE:WIT, BSE: 507685, NSE: WIPRO)), a leading technology services and consulting company, and Google Cloud today announced the launch of Wipro's Google Gemini Experience Zone, a new in-person experience where Wipro customers can see the power of Google's AI technologies and work with Wipro to identify the optimal generative AI use cases for their businesses. Wipro's Google Gemini Experience Zone will be hosted at Wipro's innovation labs in Silicon Valley Innovation Center, Mountain View. A similar experience zone will soon be set up in Bengaluru. These zones will serve as spaces where enterprises can gain hands-on experience with Google's AI technology, including Gemini mod
The integration with RELEX's AI-based supply chain and retail planning platform will enable joint clients to optimize end-to-end retail operations and inventory planning Wipro Limited (NYSE:WIT, BSE: 507685, NSE: WIPRO)), a leading technology services and consulting company, today announced a strategic partnership with RELEX Solutions, a provider of unified supply chain and retail planning solutions. This partnership combines Wipro's deep expertise in the retail and Consumer Packaged Goods (CPG) sectors with RELEX's AI-based supply chain and retail planning platform. The platform enables retailers, wholesalers, and consumer goods companies to maximize sales, minimize costs, and reduce was
The collaboration aims to deliver clients a seamless transition to RISE with SAP on the Microsoft Cloud and includes financial incentives that bring the cost of migration to near $0 Wipro Limited (NYSE:WIT, BSE: 507685, NSE: WIPRO)), a leading technology services and consulting company, today announced a strategic collaboration with Microsoft and SAP. The initiative is designed to help clients significantly improve the speed and effectiveness of RISE with SAP migrations on the Microsoft Cloud. Through the collaboration, Wipro will be able to offer clients a strategic roadmap and best practices to fully harness the potential of RISE with SAP, enhancing digital operations, overall efficienc