Wipro shares nosedived over 9 pc after missed earnings expectations
Shares of IT major Wipro nosedived on Monday by nearly 9.3 per cent over missed expectations in its April-June quarter results and a weak guidance for the next quarter.
Shares of IT major Wipro nosedived on Monday by nearly 9.3 per cent over missed expectations in its April-June quarter results and a weak guidance for the next quarter.
IT major Wipro on Thursday announced it has secured a $500 million deal from a leading US communication service provider over a period of five years.
The company announcing the partnership on Tuesday informed that the collaboration will develop new technologies for prevention and management of long-term health disorders and to provide precision support for these diseases.
These assistants, named Wipro GenAI Investor Intelligence, Wipro GenAI Investor Onboarding, and Wipro GenAI Loan Origination, aim to revolutionise how financial professionals operate, the IT major said.
The solution aims to improve the worker experience by providing highly available, modular, secure, and automated services, the company said.
Wipro on Wednesday announced the launch of a new financial services advisory capability in India to boost its customers' end-to-end transformation journeys.
The shares of Wipro were trading at Rs 378.95 at 12.56 pm in the afternoon, down 7.11 per cent from the previous close. The IT major reported a decline of 9.27 per cent in its consolidated profit after tax at Rs2,659 crore for the quarter ended September 2022. The PAT of the firm was Rs2,930 crore in the year-ago period.
Leading technology services and consulting company, Wipro Ltd reported a Net Income of Rs 26.6 billion and Earnings Per Share of Rs 4.86, for the quarter ended September 30, 2022. As per the financial results for Q2 announced on Wednesday, IT Services Segment Revenue was at $2,797.7 million, an increase of 8.4 per cent YoY.
Technology services company Wipro Limited on Tuesday announced the appointment of Dhruv Anand as Country Head & Managing Director for its operations in Japan.
Drawn from existing standards, the Stakeholder Capitalism Metrics provide a set of metrics that can be reported on by all companies.
