Page 12 - It Services News Today

IT services company Wipro on Friday reported an 8% year-on-year (YoY) fall in consolidated net profit to Rs 2,835 crore for the quarter ended March 2024. It was Rs 3,074 crore in the last year quarter.

Wipro dividend: IT major declared ₹1 dividend approved by the Board earlier at its meeting held on January 12th, 2024 as the final dividend for FY24

IT service company Wipro on Friday reported 7.8 per cent year-on-year decline in its consolidated net profit for the March quarter to about Rs 2834.6 crore, and cautioned that the macroeconomic environment remains uncertain. The Bengaluru-headquartered company, which recently saw a change of guard with Srinivas Pallia taking over at the helm as the new chief executive officer, has given an IT Services revenue growth guidance in the (-)1.5 per cent to +0.5 per cent band for June quarter on a cons...

Tata Communications weak margin performance in Q4 turned out to be the biggest dampener for brokerages. Its EBITDA margin contracted to 18.6% in Q4, down from 22.6% in the year-ago period.

Wipro share price: The stock, which has fallen 6 per cent in April so far, fell marginally to Rs 444.25, taking its recent fall to the fifth straight session.

IT services segment operating margin increases 40 bps QoQ. Net income increases 5.2% QoQ. FY 24 Large deal bookings at $4.6 billion, a YoY increase of 17.4%. Operating cash flows at 158.6% of net...

Azim Premji has been re-appointed as the Non-Executive, Non-Independent Director, while Rishad will be the Executive Chairman till July 2029.

Wipro pegs IT services revenue at -1.5% to 0.5% in constant currency terms

India-based IT services giant Wipro Ltd. (NYSE: WIT) today reported revenue fell by 4.2% year over year in its fiscal fourth quarter ended 31 March 2023. Revenue totalled INR 222.1 billion (USD 2.67 billion) during the period.

IT services major Wipro saw an 8% fall in its consolidated net profit in the March quarter. This and more in todays ETtech Top 5.