Wipro

Wipro’s stock declined sharply following the announcement of its third-quarter earnings, as investors reacted to subdued revenue growth and cautious management commentary on near-term demand. While the IT major maintained margin discipline and operational stability, the results highlighted persistent challenges in global technology spending, particularly in key overseas markets. The market response underscored rising investor sensitivity to growth visibility in the IT services sector, where earnings resilience alone is no longer sufficient to support premium valuations.

Wipro has entered a strategic partnership with Odido Netherlands to implement advanced artificial intelligence (AI) solutions, marking a significant step in accelerating digital transformation for European telecom operators. The collaboration focuses on deploying AI-driven automation, predictive analytics, and customer experience enhancement tools to streamline operations and improve service delivery. This initiative underscores Wipro’s growing footprint in the European market while reinforcing its capabilities in AI, cloud computing, and enterprise IT services.

Wipro Ltd, a leading IT services firm, reported its financial results for the second quarter of fiscal year 2024-25, revealing a 21% increase in consolidated net profit to ₹3,209 crore, compared to ₹2,646 crore in the same period last year. However, the company experienced a 1% decline in consolidated revenue, which stood at ₹22,302 crore for the July-September quarter. In a move to reward shareholders, Wipro's board approved the issuance of bonus shares in a 1:1 ratio, subject to shareholder approval.

Wipro, a global leader in IT consulting and services, has clinched a significant multi-year contract with Saudi Electricity Company (SEC), marking a major stride in its Middle East expansion strategy. The deal underscores Wipro’s growing influence in the energy sector and highlights the company's role in accelerating digital transformation for critical infrastructure providers. Through this strategic engagement, Wipro is set to deliver a suite of advanced technology services aimed at enhancing SEC’s operational efficiency, customer experience, and grid modernization.

Wipro Ltd., one of India's leading IT services companies, reported a 9.8% year-on-year increase in consolidated net profit for the first quarter of FY25, reaching Rs. 3,336.5 crore. This rise comes amid early signs of stabilization in client spending across key markets, particularly in North America. The company’s revenue remained steady, with marginal growth, while cost optimization and productivity improvements contributed to the margin uptick.