Page 2 - Wipro Ltd News

Nifty IT index slips 5% in two days on earnings, valuation worries

Recently, HCL Technologies said that its FY23 revenue could be at the lower end of the guidance; Credit Suisse warned valuation-led correction in these stocks amid US macro headwinds.

IT stocks tumble as Credit Suisse warns of valuation-led correction

Indian IT valuations, the brokerage and research house argues, are at large premium to history despite material correction from the top

Stock performance remains polarized even as Sensex, Nifty scale new highs

Morgan Stanley remain bullish on consumer discretionary, industrials, financials, and technology; and remain underweight all other sectors

Nifty IT index surges 2%; Infy, TCS, Tech Mahindra, Coforge gain up to 3%

The US market ended higher overnight, led by gains in technology stocks, after US Federal Reserve chairman indicated that the central bank may slow pace of rate hikes. Nasdaq Composite jumped 4.4%

Wipro becomes 1st Indian IT firm to allow Europe employees to form union

Wipro's employees that have been allowed to unionise belong to 13 countries including France, Sweden, Finland and Germany

Wipro announces appointment of Amit Choudhary as chief operating officer

Wipro Limited announced the appointment of Amit Choudhary as Chief Operating Officer (COO) and member of the Wipro Executive Board

Covid impact shows that work can be done remotely: Wipro's Rishad Premji

IT companies facing high attrition because they chase the same talent pool and should widen their search, he says

Contra bets in HCL Tech and Wipro could give up to 20% gains; Here's why

If Wipro fails to defend the 200-WMA placed at Rs 378, the stock can slide to near Rs 300-mark. On the other hand, HCL Technologies seems to be on course to test Rs 1,200.

Wipro slips 6%, hits 52-week low on weak Q3 revenue growth guidance

Wipro expect sequential revenue growth of 0.5 per cent to 2.0 per cent for October-December quarter

Wipro's secret of reducing attrition: Quarterly promotions, salary hikes

On delay in onboarding freshers, the company said that it will honour every hiring offer it has made

Wipro's Q2 profit slips 9.2% amid high employee costs; revenue up 14.6%

Attrition for the quarter was at 23 per cent, down from 23.3 per cent from last quarter

Wipro Q2 results: Net profit declines 9% to Rs 2,659 cr; revenue rises 15%

However, on a sequential basis, the IT firm's profit rose 3.72% in the quarter under review, from Rs 2,563.6 cr in the previous June quarter

Wipro Q2 preview: Revenue may jump 17% YoY; profit seen dropping up to 6%

Wipro Q2 results preview: Its margins will likely be weak over the last year, but may improve on a quarterly basis by 20-30 basis points (bps) to 15.3 per cent