The Bengaluru-based software major has reported 11% year-on-year growth in net profit at Rs 5,945 crore for the quarter ended June. The profit is lower than the ET Now Poll estimate of 6,150 crore. Infosys earnings remained muted on a sequential basis in the June quarter, given a significant slowdown in business amid global macroeconomic headwinds.
Updated Apr 16, 2021 | 10:03 IST
Sensex today: Wipro was the top gainer up 4.57% after the Bengaluru-based IT company provided a robust double-digit growth projection for Q1 of current fiscal. Sensex today
New Delhi: The BSE Sensex and the Nifty opened higher on Friday tracking record-high closing for US stocks and Asian shares, which were mostly higher. As of 9:17 am, the Sensex was up 96.35 points or 0.20% at 48,900.03 and the NSE benchmark Nifty50 index was higher by 33 points or 0.23% at 14,614.50. Auto, IT and metal stocks led gains in the market today.
Among Nifty stocks, Wipro was the top gainer up 4.57% after the Bengaluru-based IT company provided a robust double-digit growth projection for Q1 of current fiscal. For the first quarter, Wipro’s sequential revenue guidance is between 2-4%, excluding its recent acquisition of British IT consultancy firm Capco and Australian cybersecurity services provider Ampion. 2-4% sequential growth tra
MUMBAI: The better-than-expected December quarter earnings performance by index heavyweight Infosys and Wipro today may have set up the BSE Sensex index for a dash to move above the psychologically crucial level of 50,000 points on Thursday.
Infosys earlier today surprised investors by announcing a higher-than-expected increase in its revenue growth guidance for 2020-21. The blockbuster earnings by the index heavyweight, which has a weight of over 9 per cent in the Sensex, will aid the BSE Sensex post strong gains on Thursday, said analysts.
Similarly, Wipro reported strong earnings growth for the December quarter just like its peers Tata Consultancy Services and Infosys. The company also gave firm sales growth guidance for the March quarter, suggesting that revenues may grow at 1.5-3.5 per cent.