India's Wipro banks on better 2025 after beating Q3 estimates
By Haripriya Suresh and Sai Ishwarbharath B BENGALURU/MUMBAI (Reuters) -India's No. 4 IT services provider Wipro beat third-quarter estimates for revenue and profit on Friday, and its CEO hoped for a better year after facing macroeconomic challenges in 2024.
Wipro, Tech Mahindra revenue shrinks in Q3
Both Wipro and Tech Mahindra have reported a revenue decline in the April-December 2024 period. While Wipro’s revenue declined 4.15% from the year-ago period to $7.78 billion, Tech Mahindra’s revenue dropped 0.3% to $4.72 billion.
Wipro's Q3 revenue falls nearly 1%
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,
Wipro Q3 Profit Surges 24.4%, Beats Estimates
Wipro reported a strong Q3 FY25, exceeding expectations with a 24.4% rise in net profit. The IT services company sees cautious optimism and returning discretionary spending in 2025.
Wipro Q3 results: Net profit rises 24.5% to Rs 3,350 cr, beats estimates
Bengaluru-based IT services major Wipro posted a net profit of Rs 3,350 crore for the third quarter of FY25, up 24.5 per cent from a year ago. Profit was up 4.5 per cent quarter-on-quarter (Q-o-Q).
Wipro Q3 Results: Beats Estimates! Consolidated PAT Jumps 24.5% To Rs 3,353.8 Crore; Margin At 3-Yr High
For the fourth quarter of FY25, which would be March 31, 2025 period, Wipro expects revenue of its IT Services business segment to be in the range of $2,602 million to $2,655 million. This translates to sequential guidance of (-)1.
Wipro Q3 net profit rises 4.5% QoQ to Rs 3,354 crore, beats estimates; margin at 3-year high
Wipro Ltd's Q3 net profit rose about 4.5 percent quarter-on-quarter to Rs 3,354 crore, beating Street estimates. Revenue was flat at Rs 22,319 crore for the fiscal third quarter. A Moneycontrol poll of nine brokerages estimated Wipro's Q3 consolidated net profit to shrink 5 percent quarter-on-quarter to Rs 3,
India's Wipro beats Q3 revenue estimates
Wipro, India's fourth-largest IT services company, reported higher-than-expected third-quarter revenue on Friday, helped by positive momentum in its banking, financial services, and insurance (BFSI) vertical and in the Americas geography.
Wipro client numbers drop due to weak discretionary spending, Q3 furloughs
In Q3, the company’s customer base from the over $100 million through over $1 million bracket stood at 1,806, down from 1,837 ...
Wipro Q3 net surges 24.5% on consulting boost, lower costs
However, revenue remained subdued due to furloughs and seasonal weakness meeting its guidance, rising marginally by 0.1% YoY ...
Wipro Q3 attrition rate rises to 15.3%; headcount down 1,157 to 2,32,732 employees
Wipro announced its third-quarter results on January 17. The IT major’s attrition rate rises to 15.3%, as the headcount drops to 2.32 lakh employees in the Q3 results. Shares closed lower ahead of ...
Wipro Limited (WIT) Q3 2025 Earnings Call Transcript
Q3 2025 Results Conference Call January 17, 2025 8:30 AM ETCompany ParticipantsDipak Bohra - Senior Vice President, ...
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Wipro Q3 Results Highlights: Net profit jumps 24.4% to ₹3,354 crore, declares ₹6 dividend
IT services company will report its October to December 2024 quarterly earnings today. A CNBC-TV18 poll of analysts projects ...
Wipro seeing momentum in small sized deals, says CFO Aparna Iyer
Wipro reported total bookings of $3.5 billion, as large deal bookings grew 6 percent year-on-year to $961 million. The count ...
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Wipro Defies Challenges with Strong Q3 Growth
Wipro posted a 24.4% year-on-year rise in net profit for Q3 FY25, despite challenges in the IT sector. The Bengaluru company ...
Wipro ADRs surge over 6% as company posts 24% YoY PAT growth in Q3
ADRs of Wipro rose 6% to $3.50 following a 24% growth in Q3FY25 net profit, reaching Rs 3,354 crore. Revenue slightly ...