Wipro Stocks Today, Wipro Share Price Live News: IT major Wipro has recorded a 21 per cent profit rise, beating market estimates. While revenue and margins reported were largely in line with street estimates in Q2, the outlook for next quarter isn’t encouraging.
On a quarter-on-quarter (q-o-q) basis, profits were up 6.85 per cent. Revenue from operations stood at ₹22,302 crore, registering marginal growth on a sequential basis, and a 1 per cent YoY decline.
Wipro has tapered its guidance for the next quarter to (-) 2 per cent to 0.0 per cent in constant currency terms. It had guided in the range of -1 to 1 per cent for the second quarter previously.
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- October 18, 2024 10:02
Wipro share price today: Shares up 5%
Shares of Wipro Ltd traded at ₹555.05 on the NSE, higher by 4.97% as at 10 am.
- October 18, 2024 10:01
Wipro Q2 results in focus: Wipro records 21% rise in profit at ₹3,209 cr in Q2
IT major Wipro has recorded a 21 per cent profit rise, beating market estimates. While revenue and margins reported were largely in line with street estimates in Q2, the outlook for next quarter isn’t encouraging.
On a quarter-on-quarter (q-o-q) basis, profits were up 6.85 per cent. Revenue from operations stood at ₹22,302 crore, registering marginal growth on a sequential basis, and a 1 per cent YoY decline.
Wipro has tapered its guidance for the next quarter to (-) 2 per cent to 0.0 per cent in constant currency terms. It had guided in the range of -1 to 1 per cent for the second quarter previously.
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Published on October 18, 2024
