Live Breaking News & Updates on Wipro q3 results

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wipro share price: Wipro shares jump 10% post Q3 earnings. How to trade now?

Wipro's shares surged 10% to reach a 52-week high of Rs 511.95 after the release of its Q3 results. The company's consolidated net profit declined by nearly 12% YoY to Rs 2,694 crore, while its consolidated revenue dropped 4.4% to Rs 22,205 crore. Brokerages like Jefferies and BofA maintained an 'Underperform' rating, while Kotak Institutional Equities recommended a 'Reduce' and Nuvama suggested a 'Hold'. Wipro's Q4 growth guidance and continued headcount declines are concerning for the company. However, the company's sustainability and improved demand commentary are encouraging factors.

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Q3 results today: HCL Tech, Wipro, 10 other companies to declare Q3 results 2024 on Friday

Q3 results 2024: Wipro and HCL Technologies to declare Q3 results today along with 10 other companies. Expectations for Wipro's and HCL Tech's Q3 results discussed by market experts.

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Q3 results today: HCL Tech, Wipro among 18 companies to announce earnings

Today, the focus will be on the results of HCL Technologies and Wipro.. Other important results include HDFC Life Insurance Company, Anand Rathi Wealth, Aditya Birla Money, Den Networks, and Tata Metaliks. HCL Technologies is expected to beat sector seasonality with a rise in revenue, while Wipro's performance is expected to be muted due to furloughs and weak demand.

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HCLTech, Wipro results today: Top watchlist for Dalal Street, trading strategy

HCLTech is expected to report strong earnings for the December quarter, while Wipro may continue to disappoint the market. HCLTech shares have rallied nearly 19% in the last quarter and are holding on to gains. Analysts expect HCLTech's revenue to rise 5% sequentially, and net profit to increase by 7%. Wipro is likely to see a decline in constant currency revenue growth due to furloughs and weak demand.

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Wipro Q3 Results Live Updates: PAT, revenue likely to fall in seasonally weak quarter

Wipro Q3 Results Live Updates: Wipro will likely post another weak quarter for the three months-ended December given higher than usual furloughs and weak demand environment. Read Here

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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 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 Q3 Results: PAT down 12% YoY to ₹2,694 crore, revenue drops 4.4% YoY

The revenues of Wipro came in at ₹22,205 crore in Q3, indicating a 4.4% decrease compared to the revenue of ₹23,229 crore reported in the corresponding period last year. Sequentially, revenue also saw a 1.4% drop.

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Wipro Q3 results: Profit drops 12%; It firm gives guidance for Q4; key highlights

Wipro announced an interim dividend of Re 1 per share. The IT major set January 24, as the record date for the same. Wipro said it will pay the of interim dividend on or before February 10, 2024.

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Wipro Q3 results: Net profits drop 12% to Rs 2,694 crore; Re 1/share interim dividend declared

India Business News: Net profit declined to Rs 2,694 crore, while consolidated revenue dropped to Rs 22,205 crore. Re 1 per share interim dividend announced. Q4 revenue ex

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