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Wipro share price jumps 13% to 52-week high post Q3 results; Nifty IT up 2.5%

Shares of Wipro surged 13 percent in intra-day deals today to hit a fresh 52-week high of ₹526.45 as the company s December quarter earnings beat estimates even though it reported a decline in its net profit for the December quarter (Q3FY24). ....

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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. ....

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Wipro Q3 result: Posts QoQ decline in revenue, announces dividend - 10 key highlights

Wipro Q3 result: Wipro s consolidated revenue from operations declined 4.4 per cent YoY and 1.4 per cent QoQ to ₹22,205.1 crore. ....

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Wipro Q3 Net Profit Falls 12% YoY To Rs 2,694 Crore, Revenue Declines 4.4%, Rs 1 Interim Dividend Declared

Wipro Q3 results: Its consolidated revenue during October-December 2023 declined 4.4 per cent to Rs 22,205 crore, Net Profit Falls 12% YoY To Rs 2,694 Crore, Rs 1 Interim Dividend Declared ....

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wipro infosys shares: Wipro, Infosys rise ahead of Q3 results today. Here's what analysts say

Synopsis
Brokerage Nirmal Bang sees constant currency growth for Infosys at 2.5 per cent sequentially, and dollar revenue growth at 3.1 per cent.
Agencies
In case of Wipro, HDFC Institutional Research expects a 5.6 per cent YoY (5.1 per cent QoQ) growth in net profit at Rs 2,593 crore.
NEW DELHI: Shares of Infosys and Wipro traded up to 1 per cent higher in Wednesday s trade ahead of the IT majors December quarter results later in the day.
By 10 am, shares of Wipro were up 0.96 per cent at Rs 462.10 while those of Infosys were ruling 0.21 per cent higher at Rs 1,374.750 on BSE.
Infosys may report a strong set of numbers for the third quarter of the current financial year, with incremental revenues coming from the Vanguard deal. Margins may take a hit on wage hikes for junior employees during the quarter. Analysts said the IT major may raise its annual revenue growth forecast and the management s take on how margins will play out in the context of large ....

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