Wipro shares at record high on better-than-expected quarterly profit [Reuters]
Wipro Limited (WIT)
Last wipro limited earnings: 4/16 04:00 pm
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Source: Reuters
BENGALURU, Oct 14 (Reuters) - Shares of India's Wipro Ltd (WIPR.NS) surged as much as 7.6% to a record high on Thursday, a day after the IT services company logged a near 19% rise in quarterly consolidated net profit. The company's IT services revenue in the quarter rose to 193.80 billion rupees compared with 147.68 billion rupees a year earlier. Wipro's second-quarter IT service revenue growth was ahead of the top-end of the guided range, analysts at IDBI Capital wrote in a note. "Wipro has registered healthy growth in revenues on an organic basis. The company, under the new CEO, is on the verge of a turnaround," the note said. Wipro reported a consolidated net profit of 29.31 billion rupees ($389.19 million) in the quarter ended Sept. 30, compared with 24.66 billion rupees a year earlier, and beating analysts' estimates of 28.48 billion rupees. Revenue at the firm rose to 196.67 billion rupees versus 151.15 billion rupees a year earlier. The country's No.2 IT services firm, Infosys
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WIT
Earnings
- 4/22/24 - Beat
WIT
Sec Filings
- 4/30/24 - Form 6-K
- 4/23/24 - Form 6-K
- 4/8/24 - Form 6-K
- WIT's page on the SEC website