Brokerage firm Jefferies sees EBIT margins of the company declining by 70 basis points to 16.6 per cent from the previous quarter, on the back of salary hikes.
The October-December (Q3) quarter is expected to be another strong quarter for IT companies after strong performance witnessed in Q2FY22.
IT stocks were in demand on hopes of strong Q3 earnings post Accenture performance. 63 Moons has zoomed 117% this month, while stocks like CyberTech, Brightcom and D-Link have soared over 30% so far
Prior to the recent rally, the stock had been an underperformer
The BSE Midcap and Smallcap indices were up around 1.5 per cent each. Metal, IT, Consumer Durables indices logged smart gains
The acquisition is expected to strengthen Wipro's capabilities in cloud security and risk management space, ICICI Securities said in a note
MapmyIndia will be making its debut today, and is expected to list at a premium
Edgile's cybersecurity and risk management professionals are expected to allow Wipro to further enhance its cybersecurity and risk consulting capabilities
In the top-10 list, Infosys and Wipro were the only gainers.
India Inc's overall spends dip 64%; TCS and Wipro take second and third spots, respectively
Tarsons Product will make its debut on the bourses today, the issue price was fixed at Rs 662 per share
The state government quoting Premji said that the Azim Premji Foundation and Wipro want to work in coordination with the state government
Despite cost pressures, margins expected to sustain on operating leverage
Wipro had recently announced a five-year strategic partnership with Telefnica Germany/O2 for a Radical IT Transformation (RAITT) programme
This investment comes weeks after a $75 million funding led by Kedaara Capital, alongside Sequoia Capital India and Blume Ventures
IIFL Alternative Research estimates Wipro to see passive inflows of $166 million and Bajaj Auto to see outflows of $80 million on account of the rebalancing
The war for talent has become a problem facing the IT industry amid an acute shortage of digital skills. Let us look at the reasons behind the issue and what the companies are doing to tackle this
In an exclusive Q&A with Neha Alawadhi, Wipro CEO Thierry Delaporte spoke about his company's business, its plans, the attrition problem, and what Wipro is doing to manage its human resources
What led to the Zee -Invesco rift and what's the RIL angle? How does CEO Thierry Delaporte view the high attrition level at Wipro? What are PLI schemes and how do they work? Get all answers here
The BSE m-cap stood at Rs 272.8 trillion by close