Wipro Ltd Share Price (WIPRO)

Wipro Expected to Report Muted Q4 Earnings Amid Weak Demand Environment - 18 Apr, 2024

Wipro's Q4 earnings are expected to be flat or decline YoY, with a marginal fall in revenue and small rise in net profit. The company faces ongoing challenges in consulting and hi-tech sectors, and its significant exposure to the BFSI sector could further impact revenue outlook. Wipro's EBIT margin is also likely to face downward pressure during the quarter due to recent wage increases.

Wipro's Q4 Earnings Expected to Be Subdued Amid Challenging Demand Environment - 17 Apr, 2024

Analysts anticipate a decline in revenue YoY for Wipro's Q4FY24 earnings due to a challenging demand environment, top leadership churn, dwindling market share, and organisational reshuffle. Additionally, shares of Indian IT companies slumped ahead of Infosys' Q4 results, dragging benchmark indices lower.

Wipro Faces Challenges Ahead of Q4 Results - 16 Apr, 2024

Wipro is set to release its Q4 FY24 financial results amid concerns about the company's performance under former CEO Thierry Delaporte. CLSA has given a Sell rating on Wipro with a target price of Rs 445, citing consistent underperformance compared to peers. New CEO Srinivas Pallia sold shares worth over Rs 5 crore prior to his appointment. The Q4 earnings are estimated to show subdued growth due to pressure on discretionary client spends.

Wipro Faces Executive Resignation & Share Dilution - 15 Apr, 2024

Wipro faces a series of challenges including Thierry Delaporte's resignation as CEO, share dilution in FPEL Ujwal, and dip in stock prices due to geopolitical tensions and high US inflation. However, CFO Aparna Iyer highlights the importance of retaining women employees.

Wipro Set to Announce Q4FY24 Results Next Week - 14 Apr, 2024

Wipro is set to release its Q4FY24 results next week, with revenue decreasing slightly from the previous quarter. Investors can expect a busy week in the stock market.

Wipro Struggles with Market Position and Financial Performance - 13 Apr, 2024

Wipro Ltd faces challenges in transforming its business model to compete in the global tech markets and increase its focus on value-added services. The resignation of CEO Thierry Delaporte and weak financial performance have led to a sell recommendation amid uncertain macroeconomic conditions.

Wipro Reports Sales Fall, Appoints New CEO, Dilutes Shareholding - 12 Apr, 2024

Wipro reported a decline in sales for Q3FY24, appointed a new CEO for its Americas 1 Strategic Market Unit, and saw its shareholding in FPEL Ujwal Private Ltd diluted. Additionally, Thierry Delaporte departed and was replaced by Srinivas Pallia.

Wipro Appoints New CEOs for Strategic Markets - 11 Apr, 2024

Wipro has announced the appointment of Malay Joshi as CEO for Americas 1 strategic market unit, succeeding Srinivas Pallia who was recently appointed CEO. The sudden change in leadership is attributed to a subdued report card and weak guidance. Pallia expressed excitement to lead the company into the next phase of growth.

Wipro Appoints New CEO for Americas 1 Strategic Market Unit - 10 Apr, 2024

Wipro has appointed Malay Joshi as the new CEO of its largest market unit, Americas 1. Margins are expected to improve for the IT sector, except for specific cases like Infosys, HCL Tech, and Wipro. Premji Invest may invest $50-$70 million in Australian graphic design platform Canva.

Thierry Delaporte Resigns as Wipro CEO; Srinivas Pallia Takes Over - 09 Apr, 2024

Wipro's stock declines after Delaporte resigns and Srinivas Pallia becomes new CEO. Board unhappy with company's direction, analysts concerned about execution. Foreign brokerage CLSA suggests Sell rating on Wipro's stock. Despite series of top-level exits, Wipro saw a rise in revenue of 35% and profits of 25% over the past four years.

Srinivas Pallia Appointed New Wipro CEO - 08 Apr, 2024

Wipro has appointed Srinivas Pallia as its new CEO and Managing Director, succeeding Thierry Delaporte. Analysts have mixed views on the company's future prospects.

Wipro Appoints Srinivas Pallia as New CEO - 07 Apr, 2024

Wipro CEO Thierry Delaporte resigned a year before his term ended, with Srinivas Pallia appointed as the new CEO and MD. Industry experts approved of the internal promotion. The stock is expected to gain and move to 525 levels in the upcoming days. During Delaporte's tenure, Wipro slipped to number four from the third spot in terms of both revenue and market capitalisation.

Wipro Appoints New CEO After Resignation - 06 Apr, 2024

Thierry Delaporte has resigned from his position as CEO and managing director of Wipro. Srini Pallia will succeed him as the new CEO effective immediately.

Mixed Outlook for Wipro in Q1, Analyst Bullish on Mid-Cap IT Companies - 04 Apr, 2024

While Jai Bala of CashTheChaos is optimistic about mid-cap IT companies like TCS and HCL Tech, Wipro's projected flat Q1 performance may lead to lower FY24 revenue compared to other top Indian IT firms.

Citi Report Focuses on Margin Trajectory for Top IT Companies - 02 Apr, 2024

A Citi report dated April 1 highlights the focus on margin trajectory for top IT companies in the upcoming results. The brokerage has revised down target prices of most IT firms and given a neutral rating to Infosys Ltd. and HCL Technologies Ltd., while the rest are rated sell.

Wipro Collaborates with IISc for AI Course; Rated Underweight by Morgan Stanley - 01 Apr, 2024

Wipro has partnered with the Indian Institute of Science to offer an online Masters in Technology course in AI for its eligible employees. However, Morgan Stanley has rated Wipro as underweight with a target price of Rs 450.

Wipro Commits to Upskilling Employees in AI - 28 Mar, 2024

Wipro is investing in expanding its AI capabilities through skill-building by offering online Masters in Technology courses and training curriculum for employees to learn AI, machine learning, and GenAI. The company has committed $1 billion to advance its AI capabilities over the next three years.

GE Healthcare's India Unit to Invest Rs 8,000 Crore in Wipro JV - 27 Mar, 2024

GE Healthcare's India unit plans to invest Rs 8,000 crore over the next five years to strengthen its position in GE Healthcare's global supply chain. The investment will be made in Wipro GE Healthcare, a joint venture with Wipro Ltd where GE holds a majority stake of 51%.

Wipro Invests in Local Manufacturing and R&D Initiatives - 26 Mar, 2024

Wipro GE Healthcare announces an investment of over Rs 8,000 crore in India for local manufacturing and research and development initiatives. Wipro also promotes several employees to senior VP and VP roles.

Wipro Promotes Employees Amid Senior-Level Attrition - 23 Mar, 2024

Wipro has promoted 30 employees to various leadership roles, including six to SVP roles, amid a series of high-profile exits. The company is committed to developing strong internal leaders. An article analyzes Wipro's sound financials, including its ROE, earnings growth, and efficient use of profits.