Wipro Q4 net profit falls 7.8 to Rs 2 835 cr new CEO flags uncertainty in macro environment
(This story has not been edited by THE WEEK and is auto-generated from a PTI
Stay updated with breaking news from It Services. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
(This story has not been edited by THE WEEK and is auto-generated from a PTI
India's IT services industry - a $254 billion powerhouse - has been feeling the heat of global macroeconomic uncertainties and geopolitical flareups as clients turned cautious with IT spends.
Get latest articles and stories on Latest News at LatestLY. India's largest IT services companies Tata Consultancy Services, Infosys and Wipro saw a staggering 64,000 employees exiting in FY24, amid a weak demand environment globally and tighter tech spends by clients. Latest News | India's Top 3 IT Companies See Exit of 64,000 Employees in FY23-24.
How Does Technological Advancements Create a Safe and Productive Online Gaming Community
Wipro Ltd (NYSE: WIT) reports Q4 results with revenue of INR222.1 billion and EPS of $0.07. IT Services revenue declined by 6.4% Y/Y. Stock gained 19% in 12 months.