Wipro Ltd
WIT
ISIN US97651M1099 / Valor 1133145
Wipro Ltd
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About company
Wipro Ltd is a global information technology, consulting, and business process services company.
Summarized from source with an LLMView SourceSector: TechnologyLatest Results (20.08.2024):
Revenue Performance
Wipro Ltd's gross revenue for the quarter ended March 31, 2024, reached ₹222.1 billion ($2.7 billion), remaining flat quarter-over-quarter (QoQ). The IT services segment revenue was at $2,657.4 million, showing a slight increase of 0.1% QoQ but a decrease of 6.4% year-over-year (YoY).
Net Income Growth
Wipro Ltd reported a net income of ₹28.3 billion ($341.0 million) for the quarter ended March 31, 2024, marking an increase of 5.2% QoQ. This growth in net income reflects the company's ability to manage costs and improve profitability despite a challenging macroeconomic environment.
Operating Margins
The IT services segment operating margin for Wipro Ltd in the quarter ended March 31, 2024, was 16.4%, up by 40 basis points QoQ. This improvement in operating margins indicates better operational efficiency and cost management within the IT services segment.
Large Deal Bookings
Wipro Ltd's large deal bookings for the quarter ended March 31, 2024, were at $1.2 billion, representing an increase of 31.1% QoQ and 9.5% YoY. For the full fiscal year 2024, large deal bookings totaled $4.6 billion, a YoY increase of 17.4%, showcasing the company's success in securing significant contracts.
Operating Cash Flows
Wipro Ltd generated operating cash flows of ₹52.2 billion ($626.1 million) for the quarter ended March 31, 2024, an increase of 9.0% QoQ. For the full fiscal year, operating cash flows were ₹176.2 billion ($2,114.0 million), up by 34.9% YoY, indicating strong cash generation capabilities relative to net income.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
34382 M
Market cap (USD)
198,504
Daily traded volume (Shares)
6.605 / 6.55
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
Dividend (USD)
Dividend yield (p.a.)
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Est dividend yield
P/E ratio
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EPS (USD)
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Ratings & reviews
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