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Wipro Limited (WIT)

5.47

-0.04

(-0.73%)

At close: April 24 at 4:00 PM EDT

5.45

-0.02

(-0.37%)

After hours: April 24 at 6:40 PM EDT

Wipro Limited (NYSE:WIT) Q4 2024 Earnings Call Transcript

Wipro Limited (NYSE:WIT) Q4 2024 Earnings Call Transcript April 19, 2024 Wipro Limited reports earnings inline with expectations. Reported EPS is $0.07 EPS, expectations were $0.07. WIT isn’t one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here). Operator: Ladies and gentlemen, good day […]

Insider Monkey 2 days ago

WIPRO.BO
India's Wipro rises as Street pins hopes on new CEO after Q4 results

Shares of Wipro rose as much as 2.4% on Monday, after India's No.4 software services exporter posted better-than-expected fourth-quarter results, while some analysts pinned hopes on new CEO Srinivas Pallia to anchor a turnaround. Still, the stock has lost about 4% so far this year, while larger rivals Tata Consultancy Services and Infosys have gained 1.4% and shed 8.5% respectively. Wipro's quarterly revenue and profit came ahead of estimates, and Pallia said he will prioiritise growth at a time when India's $254 billion IT services industry grapples with reduced client spending due to high interest rates, geopolitical risks and economic uncertainty.

Reuters 3 days ago

WIPRO.BO

TCS.NS
Wipro Announces Results for the Quarter and Year ended March 31, 2024

EAST BRUNSWICK, N.J. & BANGALORE, India, April 19, 2024--Wipro Limited announced financial results under International Financial Reporting Standards (IFRS) for the quarter and year ended March 31, 2024.

Business Wire 5 days ago

WIT
-0.73%
India's Wipro scrapes past lowered revenue expectations, prioritises growth pick-up

India's Wipro edged past low revenue expectations in the fourth quarter on Friday, helped by a pick up in its consulting business, and its new CEO said kickstarting growth in the country's No.4 software-services exporter was a top priority. "The numbers are largely in line with expectations as it was already low," said Centrum Broking analyst Piyush Pandey. Less than two weeks back, Wipro appointed company veteran Srinivas Pallia as its chief executive following the abrupt departure of Thierry Delaporte, whose term was filled with a string of top-level exits and a dearth of big deal wins.

Reuters 5 days ago

WIPRO.BO
Indian IT Firms’ Outlook Seen Brighter After TCS Earnings Beat

(Bloomberg) -- Follow Bloomberg India on WhatsApp for exclusive content and analysis on what billionaires, businesses and markets are doing. Sign up here.Most Read from BloombergDubai Grinds to Standstill as Cloud Seeding Worsens FloodingRed Lobster Considers Bankruptcy to Deal With Leases and Labor CostsTesla Asks Investors to Approve Musk’s $56 Billion Pay AgainElon Wants His Money BackBankers Hit With Millions in Breakup Fees for Ditching New JobsInfosys Ltd. and Wipro Ltd.’s commentary and f

Bloomberg 10 days ago

TSM

WIPRO.BO
Wipro Appoints Malay Joshi as Chief Executive Officer for Americas 1 Strategic Market Unit

EAST BRUNSWICK, N.J. & BENGALURU, India, April 10, 2024--Wipro announced today the appointment of Malay Joshi as Chief Executive Officer of Wipro Americas 1 Strategic Market Unit, effective immediately.

Business Wire 14 days ago

WIT
-0.73%
Wipro Appoints Srini Pallia as CEO & Managing Director

EAST BRUNSWICK, N.J. & BENGALURU, India, April 06, 2024--Wipro Limited announced the appointment of Srini Pallia as the Chief Executive Officer and Managing Director of the Company, effective immediately.

Business Wire 18 days ago

WIT
-0.73%
Wipro CEO Delaporte resigns; to be replaced by veteran insider

BENGALURU (Reuters) -Wipro Chief Executive Officer Thierry Delaporte resigned on Saturday following a fraught few years for India's No. 4 IT services company, to be succeeded by the head of its biggest market. Srinivas Pallia, a veteran of the company, will take over as CEO and managing director from April 7, Wipro said in a statement, adding Delaporte was leaving to "pursue passions outside the workplace". Delaporte, whose five-year term was originally set to end in July 2025, said that he was "proud of the solid foundation" he had helped to lay for Wipro.

Reuters 18 days ago

WIPRO.BO
Wipro Limited to Announce Results for the Fourth Quarter and Year Ended March 31, 2024, on April 19, 2024

EAST BRUNSWICK, N.J. & BANGALORE, India, April 05, 2024--Wipro will announce results for the fourth quarter and year ended March 31, 2024, on April 19, 2024, after stock market trading hours in India.

Business Wire 19 days ago

WIT
-0.73%
Wipro GE Healthcare to invest $960 million in R&D, manufacturing in India

Wipro GE Healthcare, a joint venture of India's Wipro Enterprises and a wholly owned entity of U.S.-based GE Healthcare, said it would invest 80 billion rupees ($960 million) in the country in its manufacturing and research and development facilities. Bengaluru-based medical technology company Wipro GE Healthcare said on Tuesday the investment would be done over the next five years to boost local manufacturing as it focuses on growing its footprint in the country in line with the government's "Make in India" initiative.

Reuters 29 days ago

WIPRO.BO
Wipro GE Healthcare to invest $960 mln in R&D, manufacturing in India

Wipro GE Healthcare, a joint venture of India's Wipro Enterprises and a wholly owned entity of U.S.-based GE Healthcare, said it would invest 80 billion rupees ($960 million) in the country in its manufacturing and research and development facilities. Bengaluru-based medical technology company Wipro GE Healthcare said on Tuesday the investment would be done over the next five years to boost local manufacturing as it focuses on growing its footprint in the country in line with the government's "Make in India" initiative.

Reuters 29 days ago

WIPRO.BO
Wipro Appoints Anne-Marie Rowland as CEO of Capco

LONDON & EAST BRUNSWICK, N.J. & BENGALURU, India, March 20, 2024--Wipro (NYSE: WIT, BSE: 507685, NSE: WIPRO) announced that Anne-Marie Rowland has been appointed to the role of Capco’s Chief Executive Officer.

Business Wire last month

WIT
-0.73%
Wipro Enters into Agreement with Desjardins to Modernize Consumer Banking Services Using its NetOxygen Platform

TORONTO & BENGALURU, India, March 14, 2024--Wipro Limited today announced that it has been selected by Desjardins to transform their credit solutions for members and clients.

Business Wire last month

WIT
-0.73%
Nutanix (NTNX) and Wipro to Introduce New Business Unit

Nutanix (NTNX) expands its partnership with Wipro to introduce a new business unit focused on NTNX's technologies.

Zacks last month

NTNX

WIPRO.BO

DELL
Wipro Expands Partnership with Nutanix to Launch a New Nutanix Business Unit

EAST BRUNSWICK, N.J. & SAN JOSE, Calif. & BENGALURU, India, March 11, 2024--WiPro expands partnership with Nutanix to launch a new Nutanix Business Unit to accelerate hybrid multicloud innovation

Business Wire last month

WIT
-0.73%
NTNX
General Motors, Magna, and Wipro Team Up to Develop Automotive Software Marketplace: ‘SDVerse’

SDVerse SDVerse serves as a ‘matchmaking’ platform between buyers and sellers of embedded automotive software SDVerse serves as a ‘matchmaking’ platform between buyers and sellers of embedded automotive softwareFocuses on matching automotive software buyers and sellers, over captive software developmentThe digital platform increases transparency and reduces inefficiencies in software development and procurementAmpere*, FEV, Forvia, HL Mando, NXP Semiconductors, TTTech Auto, and Valeo lead a “Lau

GlobeNewswire last month

MGA

WIT
-0.73%
GM
UPDATE 1-GM, Magna and Wipro team up for automotive software marketplace

General Motors, auto parts supplier Magna and IT company Wipro said on Tuesday they were working together to create a sales platform to buy and sell automotive software. The joint venture, SDVerse, will link the buyers and sellers through a digital platform, where the software's features and attributes can be listed. Wipro, in a regulatory filing, disclosed an investment of $5.85 million, equating to a 27% stake in SDVerse.

Reuters last month

WIPRO.BO

GM
GM, Magna and Wipro team up for automotive software marketplace

The joint venture, SDVerse, will link the buyers and sellers through a digital platform, where the software's features and attributes can be listed. Wipro, in a regulatory filing, disclosed an investment of $5.85 million, equating to a 27% stake in SDVerse. GM and Magna will hold a 46% and 27% stake, respectively.

Reuters last month

WIPRO.BO
Wipro Completes Major Cloud Transformation for ManpowerGroup

EAST BRUNSWICK, N.J. & BENGALURU, India, February 28, 2024--Wipro Limited today announced that it has completed the migration of ManpowerGroup's largest data centre in Europe to Microsoft Azure.

Business Wire last month

WIT
-0.73%
Wipro and Nokia Launch Joint 5G Private Wireless Solution to Speed up Enterprise Digital Transformation

HELSINKI & BENGALURU, India, February 26, 2024--Wipro Limited today announced a joint private wireless solution with Nokia, to help enterprises scale their digital transformation.

Business Wire last month

WIT
-0.73%

Performance Overview

Return	WIT	S&P BSE SENSEX
YTD	-1.59%	+2.26%
1-Year	+19.94%	+23.00%
3-Year	-22.59%	+54.29%

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Wipro Limited (WIT)

Wipro Limited (NYSE:WIT) Q4 2024 Earnings Call Transcript

India's Wipro rises as Street pins hopes on new CEO after Q4 results

Wipro Announces Results for the Quarter and Year ended March 31, 2024

India's Wipro scrapes past lowered revenue expectations, prioritises growth pick-up

Indian IT Firms’ Outlook Seen Brighter After TCS Earnings Beat

Wipro Appoints Malay Joshi as Chief Executive Officer for Americas 1 Strategic Market Unit

Wipro Appoints Srini Pallia as CEO & Managing Director

Wipro CEO Delaporte resigns; to be replaced by veteran insider

Wipro Limited to Announce Results for the Fourth Quarter and Year Ended March 31, 2024, on April 19, 2024

Wipro GE Healthcare to invest $960 million in R&D, manufacturing in India

Wipro GE Healthcare to invest $960 mln in R&D, manufacturing in India

Wipro Appoints Anne-Marie Rowland as CEO of Capco

Wipro Enters into Agreement with Desjardins to Modernize Consumer Banking Services Using its NetOxygen Platform

Nutanix (NTNX) and Wipro to Introduce New Business Unit

Wipro Expands Partnership with Nutanix to Launch a New Nutanix Business Unit

General Motors, Magna, and Wipro Team Up to Develop Automotive Software Marketplace: ‘SDVerse’

UPDATE 1-GM, Magna and Wipro team up for automotive software marketplace

GM, Magna and Wipro team up for automotive software marketplace

Wipro Completes Major Cloud Transformation for ManpowerGroup

Wipro and Nokia Launch Joint 5G Private Wireless Solution to Speed up Enterprise Digital Transformation

Performance Overview