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Wipro s American Depository Receipts (ADRs) on January 12 surged almost 18 percent to hit a near-20-month high of $6.35 after the company reported its December quarter earnings. ....
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. ....
Wipro Q3 Results Live Updates: Wipro will likely post another weak quarter for the three months-ended December given higher than usual furloughs and weak demand environment. Read Here ....
Q3 results 2024: Wipro and HCL Technologies to declare Q3 results today along with 10 other companies. Expectations for Wipro s and HCL Tech s Q3 results discussed by market experts. ....
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. ....