WIPRO Q3

Delhivery slides back to losses; Prosus names new CEO

Logistics startup Delhivery fell back into the red for the March quarter but managed to narrow its losses on a year-on-year basis. This and more in today’s ETtech Top 5.

Deals, hiring show HCL Tech can tap expected IT bounce

Revenue in the major markets of the US and Europe grew sequentially by 4.2% and 2.3%, respectively, while major business verticals also showed higher revenue. But what sets HCLTech apart from peers is the fact that it continued to add headcount during the quarter.

Wipro shares jump 2% as investors spot few bright spots in Q4 results

"About 80% of Wipro's revenue decline over 2QFY23-3QFY24 has come from BFSI alone. A return to growth in BFSI should therefore help stem the erosion," said JM Financial's Abhishek Kumar.

Wipro Q4 net profit is down 7.8% to Rs 2,835 crore

The fourth largest Indian IT service firm, Wipro saw its headcount decline by 9.5 % in the fiscal 24. This is the third time in a decade that the IT major saw a full-year decline in its headcount, by ending the fiscal at a lower number compared to the start of the year.

Sustained deal momentum and margin improvement augur well for Wipro

Wipro’s net profit rose by 5.2% sequentially to Rs 2,834.6 crore in the March quarter, much faster than the analysts’ average estimate of 2.5% growth. It was driven by a 40 basis point improvement in the operating margin at 16.4%, again higher than the expectation of a 20 basis point expansion.

Wipro ADRs jump 4% despite Q4 PAT decline, softer guidance

Wipro’s revenue from operations in the reporting period declined 4% YoY to Rs 22,208 crore, compared with Rs 23,190 crore in the corresponding period of last year.

Wipro Q4 Results: Profit falls 8% YoY to Rs 2,835 crore, marginally misses estimates

Wipro Q4 Results: Wipro reported an 8% YoY decrease in net profit to Rs 2,835 crore for the quarter ended March 2024. PAT is slightly below estimates. Operating margins at 16.4%. Future outlook optimistic with a focus on AI transformation.

Wipro reappoints Azim Premji as non-executive, non-independent director; Rishad Premji as whole-time director

Wipro's board of directors has reappointed Azim H. Premji as Non-Executive, non-independent director of the company while re-appointing Rishad A. Premji as the whole-time director for a period of five years with effect from July 31, 2024, to July 30, 2029.

Q4 results today: Wipro, Jio Financial among 15 companies to announce earnings

Q4 Results Today: Mixed Q4 earnings for IT sector with TCS outperforming and Infosys lagging. Awaited reports from companies like Wipro, Hindustan Zinc, Sejal Glass, and others will provide further insight into the sector's performance.

Wipro shares under selling pressure ahead of Q4 results

Wipro Share Price: Following disappointing Q4 results from Infosys, investor sentiment towards IT stocks soured, leading to pressure on Wipro shares. Wipro is slated to unveil its March quarter numbers post-market hours.

Jio Financial Services shares slump 3% ahead of Q4 results today

Shares of Mukesh Ambani-led Jio Financial Services declined 3% at Rs 372 on BSE in Friday's early tarde as the investors await the fourth quarter earnings’ result later in the day.

Wipro Q4 Results Preview: Muted show likely once again, all eyes on new CEO’s growth roadmap

Wipro Q4 Results Preview: The company is projected to see its consolidated revenue remain stagnant compared to the previous quarter and decrease by 4.3% year-on-year (YoY) to Rs 22,185 crore, based on the average estimates provided by 10 brokerage firms.

IT Q4 Preview: Tech giants to see modest quarter; all eyes on FY25 guidance

IT companies anticipate modest growth in the upcoming quarter with a keen eye on FY25 guidance. TCS will lead the earnings season, while midcap companies are expected to outperform largecaps. Strong deal flows and margin expansion anticipated.

Wipro shares jump 10% post Q3 earnings. How to trade now?

Wipro's shares surged 10% to reach a 52-week high of Rs 511.95 after the release of its Q3 results. The company's consolidated net profit declined by nearly 12% YoY to Rs 2,694 crore, while its consolidated revenue dropped 4.4% to Rs 22,205 crore. Brokerages like Jefferies and BofA maintained an 'Underperform' rating, while Kotak Institutional Equities recommended a 'Reduce' and Nuvama suggested a 'Hold'. Wipro's Q4 growth guidance and continued headcount declines are concerning for the company. However, the company's sustainability and improved demand commentary are encouraging factors.

Q3 results today: Avenue Supermarts, five other companies to announce earnings

On Friday, HCL Technologies, Wipro and HDFC Life Insurance Company declared their Q3 results. India's third largest IT company HCL Tech reported its consolidated net profit growth at 6% year-on-year to Rs 4,350 crore for the quarter ended December 2023.

Wipro hints at a possible improvement in Q4 revenue amid sustained deal wins

​Three months ago, it had guided for a sequential drop of 1.5% to 3.5% in CC revenue for the December quarter hinting at a subdued demand trend. On Friday, it reported a drop of 1.5% in CC terms, closer to the lower end of the guidance. In reported currency terms, revenue fell by 2.1% sequentially to $ 2,656.1 million. On average, analysts were expecting a fall of 1.9% to $ 2,661.6 million.

Wipro Q3 Results: Operating margin beat, deal wins among 5 key takeaways from earnings card

The IT major has guided for -1.5% to 1% sequential growth in its IT services business revenue. This translates to a revenue of $2.62-$2.67 billion in the March quarter in constant currency terms. Most analysts had expected Wipro to give -1% to +1% growth in constant currency revenue.

Wipro Q3 Results: Consolidated PAT drops 12% YoY to Rs 2,694 crore; Re 1/share interim dividend announced

Wipro Q3 Results: Wipro reported disappointing Q3 results, with a decline in net profit and revenue. The company's consolidated net profit decreased by nearly 12% YoY to Rs 2,694 crore, while the consolidated revenue dropped 4.4% to Rs 22,205 crore. The board recommended an interim dividend of Re 1 per share. For the nine months ended December, Wipro's consolidated revenue rose by only 0.4% to Rs 67,552 crore, while the net profit declined by nearly 1% to Rs 8,211 crore. Wipro expects revenue from its IT Services business to be in the range of $2.62 billion to $2.67 billion for the quarter ending March.

Wipro Q3 Results: PAT drops 12% YoY to Rs 2,694 cr; Re 1/share interim dividend

HCLTech, Wipro results today: Top watchlist for Dalal Street, trading strategy

HCLTech is expected to report strong earnings for the December quarter, while Wipro may continue to disappoint the market. HCLTech shares have rallied nearly 19% in the last quarter and are holding on to gains. Analysts expect HCLTech's revenue to rise 5% sequentially, and net profit to increase by 7%. Wipro is likely to see a decline in constant currency revenue growth due to furloughs and weak demand.

Q3 results today: HCL Tech, Wipro among 18 companies to announce earnings

Today, the focus will be on the results of HCL Technologies and Wipro.. Other important results include HDFC Life Insurance Company, Anand Rathi Wealth, Aditya Birla Money, Den Networks, and Tata Metaliks. HCL Technologies is expected to beat sector seasonality with a rise in revenue, while Wipro's performance is expected to be muted due to furloughs and weak demand.

Wipro Q3 results preview: Sales may fall on weak demand environment; Q4 guidance eyed

Analysts expect Wipro to see a 2.5-3.2% sequential decline in constant currency revenue growth in the information technology services business, but this will be lower than that guided by the software services exporter.

Q3 results this week: TCS, Infosys, Wipro, DMart and more. Check the earnings calendar