NEW DELHI: Shares of Wipro today slipped over 2 per cent after the India's third largest IT firm posted an 8.4 per cent fall in its consolidated net profit for the December quarter. On the BSE, its stock settled for the day at Rs 320.80, down …
Wipro posted revenue growth below estimates and internals do not give a reason to change our cautious stance, with: (i) slower developed market growth vs. peers (flat y-o-y in US, < 5% y-o-y in EU despite decent q-o-q traction); (ii) slow y-o …
Terms of the transaction remain the same as the companies announced January 24, 2018. As part of the transaction, Wipro received preferred stock convertible into 16% of the Company's outstanding Common Stock on a pre-closing …
Harte Hanks Inc. – HHS on the New York Stock Exchange (NYSE) – announced Wednesday that Wipro Limited (NYSE: WIT), a global information technology, consulting, and business process services company, has taken a minority stake …
Revenue increased 4.5% to $1,902 million. IT Services revenue increased 9.5% to $1,781 million. The stock has …
The stock of Wipro Ltd plummeted 12.3 per cent on Tuesday, after the IT major de-merged its non-IT business into an unlisted entity. The non IT-businesses – consumer care and lighting, medical equipment and infrastructure engineering …
“We expect the Wipro stock to open positive on Monday. The Street is likely to upgrade the margins for Wipro,” says Padmanabhan. Improving deal signing and better operational efficiencies are being reflected in Wipro’s performance. …
Azim Premji-led Wipro has seen its stocks perk up since it announced a plan to de-merge its non-IT businesses into a separate entity, Wipro Enterprise Limited. On November 1, the day when Wipro announced the demerger, the stock
For the December quarter, company's consolidated net profit fell 8.4 per cent to Rs 1,931.3 crore. Company missed its IT services revenue forecast of USD 2.014-2.054 billion, clocking USD 2.013 billion in the said quarter. New Delhi: Shares …