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02.07.25 - 11:30
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Q1 results: Muted quarterly earnings likely for India′s IT giants as deal momentum slows (Times of India)
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India's IT sector anticipates a subdued first-quarter performance, with top firms like TCS and Wipro facing flat or declining revenue. Infosys and LTIMindtree expect modest growth, while mid-tier companies may outperform. BFSI shows recovery signs, but deal activity is slow. Companies are managing margins through cost controls, and GenAI offers a positive outlook despite varied margin performance across firms....
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17.04.25 - 03:42
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Wipro′s revenue drops 1.2% in Q4 on client caution (Times of India)
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Wipro's performance was impacted by market uncertainties, leading to a cautious approach from clients despite a strong demand for transformation projects. The company's Q4 results disappointed investors, causing a stock price decline. CEO Srini Pallia noted that clients are prioritizing cost reduction and AI-led efficiency amid the uncertain macro environment, impacting large transformation programs....
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16.04.25 - 16:36
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Wipro reports 25.9% increase in net profit amid cautious Q1FY26 forecast (Times of India)
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Wipro announced a rise in net profit for the March quarter. The IT giant's profit increased by 25.9 percent. However, the company anticipates a revenue decline in the upcoming quarter. This forecast reflects global economic uncertainties. Despite challenges, Wipro secured large deals and improved client satisfaction. The company's employee count saw a slight increase. Wipro declared an interim dividend....
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18.01.25 - 01:02
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Wipro′s Q3 revenue falls nearly 1% (Times of India)
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Wipro's revenue dropped 0.7% year-on-year in the Dec quarter but met its guidance, with a forecasted growth of -2% to 0% for the next quarter. The company reported a positive outlook with increasing AI spending, a good pipeline, and improved operational efficiency. Wipro's headcount reduced by 1,157 employees....
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18.10.24 - 03:48
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Infosys Q2 revenue up 3.3%, Wipro′s drops 2.3% YoY (Times of India)
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Infosys saw a 3% year-on-year revenue growth in the BFSI sector for the September quarter, with guidance increased for the third consecutive quarter. Wipro's revenue fell 2.3% compared to the previous year but grew 0.6% sequentially, driven by strong performance in the Americas. Both companies experienced market volatility, impacting their stock prices....
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17.10.24 - 14:31
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Wipro Q2 results: Net profit jumps 21% to Rs 3,209 crore (Times of India)
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Wipro reported a 21.2 per cent rise in consolidated net profit to Rs 3,208.8 crore for Q2 FY25, while revenue slightly declined by 0.95 per cent to Rs 22,301.6 crore. CEO Srini Pallia highlighted strong execution and growth in three out of four markets. The board approved a 1:1 bonus share issue....
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