Wipro Limited operates as an information technology (IT), consulting, and business process services company worldwide. It operates through three segments: IT Services, IT Products, and India State Run Enterprise Services (ISRE). The IT Services segment offers IT and IT-enabled services, including digital strategy advisory, customer-centric design, technology consulting, IT consulting, custom application design, development, re-engineering and maintenance, systems integration, package implementation, infrastructure, analytics, business process, research and development, and hardware and software design services to enterprises. It serves customers in various industry sectors, such as healthcare and medical devices, consumer goods and life sciences, retail, transportation and services, communications, media and information services, technology products and platforms, banking, financial services and insurance, manufacturing, hi-tech, energy, and utilities. The IT Products segment provides a range of third-party IT products comprising enterprise platforms, networking solutions, software and data storage products, contact center infrastructure, enterprise security, IT optimization technologies, video solutions, and end-user computing solutions. It serves enterprises in various industries primarily in the India market, which comprise the government, defense, IT and IT-enabled services, telecommunications, manufacturing, utilities, education, and financial services sectors. The ISRE segment offers IT services to entities and/or departments owned or controlled by the Government of India and/or various Indian State Governments. Wipro Limited has a collaboration agreement with FEV Europe GmbH to develop and market software defined vehicles. The company was incorporated in 1945 and is based in Bengaluru, India.
IPO Year:
Exchange: NYSE
Website: wipro.com
| 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 |
| 7/20/2022 | Buy → Sell | Citigroup | |
| 7/14/2022 | Overweight → Underweight | Morgan Stanley |
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
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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Cognizant (NASDAQ:CTSH) today announced that Chief Financial Officer Jatin Dalal has reached a settlement in the non-compete lawsuit filed by Wipro Limited. The terms of the settlement, which was reached without any admission of liability by either party, are confidential. The settlement resolves all pending disputes between Mr. Dalal and Wipro.
As of July 8, 2024, five stocks in the information technology sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions. The RSI is a momentum indicator, which compares a stock’s strength on days when prices go up to its strength on days when prices go down. When compared to a stock’s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the RSI is above 70, according to Benzinga Pro. Here's the latest list of major overbought players in this sector. Fair Isaac Corp (NYSE:FICO) On July 1, FICO named Nikhil Behl as executive vice pr
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
AI budgets in wealth management to surge from 16% to 37%, but a readiness gap in regulatory compliance and skilling of talent threatens to slow down efforts Wipro Limited (NYSE:WIT, BSE: 507685, NSE: WIPRO))), a leading technology services and consulting company, today unveiled insights from its report, "AI in Wealth Management: Navigating an Evolving Data-Driven Landscape". The report, based on a survey conducted among 100 executives in the U.S., examines how artificial intelligence (AI) is changing the wealth management landscape and emphasizes the importance of strategic investments in technology infrastructure. It also highlights the role of talent and effective governance in leveragin
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
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
Cyble, a pioneer in AI-powered threat intelligence, today announced a partnership with Wipro Limited (NYSE:WIT, BSE: 507685, NSE: WIPRO))), a leading technology services and consulting company, to enhance enterprise cybersecurity risk management through AI-driven threat intelligence solutions. The partnership brings together Cyble's patented artificial intelligence (AI) systems and automation capabilities with Wipro's global security and compliance expertise to provide security teams with deeper insights and enable more informed decision-making. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240807186972/en/ The collaboration in
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, will announce results for the first quarter ended June 30, 2024, on Friday, July 19, 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 through a
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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, will announce results for the first quarter ended June 30, 2024, on Friday, July 19, 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 through a
IT services segment operating margin increases 40 bps QoQ. Net income increases 5.2% QoQ. FY 24 Large deal bookings at $4.6 billion, a YoY increase of 17.4%. Operating cash flows at 158.6% of net income for the year. 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 and year ended March 31, 2024. Highlights of the Results Results for the Quarter ended March 31, 2024: Gross revenue reached Rs 222.1 billion ($2.7 billion1), flat QoQ. IT services segment revenue was at $2,657.4 million, an increase of 0.1% QoQ and decrease of
Wipro Limited (NYSE:WIT, BSE: 507685, NSE: WIPRO))) a leading technology services and consulting company, will announce results for the fourth quarter and year ended March 31, 2024, on Friday, April 19, 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 onlin
IT services segment revenue near top-end of guidance Delivers IT services operating margin at 16%, EPS increases 2.0% QoQ $3.8 billion order booking with 14 large deal wins 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, 2023. Highlights of the Results Results for the Quarter ended December 31, 2023: Gross revenue reached Rs 222.1 billion ($2.7 billion1), a decrease of 1.4% QoQ. IT services segment revenue was at $2,656.1 million, a decrease of 2.1% QoQ. Non-GAAP2 constant currency IT Services segmen
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, 2023, on Friday, January 12, 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* (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
Large deal bookings reach $1.3 billion, an increase of 79% YoY and 6% QoQ Total bookings of $3.8 billion, mark a 6% YoY increase IT services segment EBIT increases 6% YoY. EPS increases 4.1% YoY Operating cash flows at 145% 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, 2023. Highlights of the Results Results for the Quarter ended September 30, 2023: Gross revenue reached Rs 225.2 billion ($2.7 billion1), a decrease of 0.1% YoY. IT services segment revenue was at $2,713.3 million,
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, 2023, on Wednesday, October 18, 2023, 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 onli
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
Goldman initiated coverage of Wipro with a rating of Sell
JP Morgan initiated coverage of Wipro with a rating of Underweight and set a new price target of $4.30
Bernstein downgraded Wipro from Mkt Perform to Underperform and set a new price target of $3.90 from $5.10 previously
Credit Suisse downgraded Wipro from Neutral to Underperform
Goldman upgraded Wipro from Sell to Buy and set a new price target of $4.87
Citigroup downgraded Wipro from Buy to Sell
Morgan Stanley downgraded Wipro from Overweight to Underweight
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
Wipro Limited (NYSE:WIT, BSE: 507685, NSE: WIPRO))), a leading technology services and consulting company, announced today the appointment of Malay Joshi as Chief Executive Officer of Wipro Americas 1 Strategic Market Unit, effective immediately. Malay succeeds Srini Pallia, who was appointed as Chief Executive Officer and Managing Director of Wipro Limited on April 6. Malay will also join the Wipro Executive Board. Malay was previously the Senior Vice President and Business Unit Head, leading the Communications, Media, Tech, Retail, Travel, Hospitality and Public Sector industries, which make up one of Wipro's largest business units globally. In this role, he was responsible for helping
Wipro Limited (NYSE:WIT, BSE: 507685, NSE: WIPRO))), a leading technology services and consulting company, today announced the appointment of Srini Pallia as the Chief Executive Officer and Managing Director of the Company, effective immediately. He succeeds Thierry Delaporte, who, after spearheading a significant transformation at Wipro for the last four years, is stepping down to pursue passions outside the workplace. Srini has been with Wipro for over three decades and most recently served as the CEO for Americas 1, Wipro's biggest and fastest growing strategic market. In this role, he oversaw diverse industry sectors, established their vision, and implemented growth strategies, result
Lance Levy assumes a Strategic Advisor role to continue to support Capco and Wipro's overall Consulting strategy Wipro (NYSE:WIT, BSE: 507685, NSE: WIPRO))), a leading technology services and consulting company, today announced that Anne-Marie ("Annie") Rowland has been appointed to the role of Capco's Chief Executive Officer. Rowland is currently Managing Partner of Capco's business in the United Kingdom and Ireland and a member of Capco's Global Leadership Team. She will take on the CEO role effective April 1, 2024. As CEO of Capco, Rowland will report to Wipro CEO and Managing Director Thierry Delaporte and will become a member of Wipro's Executive Committee (WEC). Lance Levy, who
SDVerse serves as a ‘matchmaking' platform between buyers and sellers of embedded automotive softwareFocuses on matching automotive software buyers and sellers, over captive software developmentThe digital platform increases transparency and reduces inefficiencies in software development and procurementAmpere*, FEV, Forvia, HL Mando, NXP Semiconductors, TTTech Auto, and Valeo lead a "Launch Partner" group supporting SDVersePrashant Gulati has been named CEO of the new SDVerse organization effective March 5th, 2024 DETROIT, March 05, 2024 (GLOBE NEWSWIRE) -- General Motors (GM), global automotive supplier Magna, and leading technology services and consulting company Wipro Limited, have tea
Wipro Limited (NYSE:WIT, BSE: 507685, NSE: WIPRO))), a leading technology services and consulting company, today announced that it is appointing Aparna C Iyer as Chief Financial Officer, effective immediately. Aparna will report to CEO Thierry Delaporte and will join the Wipro Executive Board. She succeeds Jatin Dalal, who is stepping down as CFO to pursue other career opportunities. "Aparna is an accomplished and results-driven leader. Throughout her 20-year career with Wipro, she has been a dynamic, forward-thinking strategic partner to our business leaders," said Thierry Delaporte, Chief Executive Officer and Managing Director, Wipro Limited. "Aparna has been integral to our finance tr
Wipro Limited (NYSE:WIT, BSE: 507685, NSE: WIPRO))), a leading technology services and consulting company, announced today the appointment of Suzanne Dann as Chief Executive Officer of Wipro Americas 21 Strategic Market Unit, effective immediately. Dann will also join the Wipro Executive Board. In her new role, Dann will focus on increasing bookings, large deal signings, and revenue in high-growth strategic areas. She will also direct operational changes to improve margins and continue investments in talent to serve clients' changing needs. "Suzanne's focus on deepening client relationships and understanding their business challenges have been instrumental to the outstanding growth we exp
Wipro Limited (NYSE:WIT, BSE: 507685, NSE: WIPRO))), a leading technology services and consulting company, announced the appointment of Ms. Päivi Rekonen to its Board of Directors for five years effective October 1st, 2022, subject to the approval of shareholders. Päivi Rekonen will serve as an Independent Director on the Board, bringing over 25 years of experience in technology as well as in banking and services. Ms. Rekonen is Chair of The Board of Directors of SEBA Bank AG in addition to being a Member of the Board at Konecranes Plc, WithSecure Plc, and Efecte Plc. Her international career has been shaped by executive leadership roles in functions including technology, human resources,