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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.