Wipro Q3 Results

Shares of Wipro slipped more than 6 per cent on Thursday, a day after the Indian IT services provider reported a subdued profit in the third quarter (Q3) of the financial year 2021-22 (FY22).

IT services major Wipro on Wednesday posted a consolidated net profit of Rs 2,969 crore for the December 2021 quarter, and said it has logged strong performance in revenues and order bookings.

India's top IT service companies -- Tata Consultancy Services (TCS), Infosys and Wipro -- will declare their respective third-quarter numbers for the financial year 2021-22 (FY22) on Wednesday. This is apparently the first time that the three firms will announce quarterly figures on the same day. It is widely expected that IT companies could post d...

Information Technology Stocks: Infosys reported a 16.6 per cent rise in the October-December quarter profit and raised its annual revenue growth forecast, in results announcement post market hours on Wednesday.

Wipro Q3 Earnings: Dollar revenue growth was the highest in 36 quarters

The markets also are expecting Q3 results from big tech companies Infosys Ltd and Wipro Ltd later in the day

Its total revenue came in at Rs 15,470.5 crore in the third quarter of the current financial year, as against Rs 15,125.6 crore in the July-September period.

Wipro remained cautious over growth in the healthcare business, amid uncertainty around the Affordable Care Act. Although factors such as Brexit, rising trade war concerns and the healthcare act could create tension for firms globally, a weaker rupee has been beneficial for the country's IT sector.

Wipro said it hopes for a better fourth quarter results after failing to meet its revenue target from the IT services business in the Q3.

Third quarter results of blue-chips like Reliance Industries Ltd, Wipro and ITC as well as global market trends, China GDP data, the movement of rupee and oil will dictate stock market trading during the week from January 18 to January 22, say experts.

Third quarter earnings from blue-chips like Tata Consultancy Services (TCS), Reliance Industries Ltd (RIL) and Wipro and key macro-economic data - IIP and inflation - would dictate the trend on the bourses in the week starting January 12, say analysts.

In a break from the past, IT major Infosys will report its quarterly results in the afternoon hours. Infosys, which kick-starts earnings season in India, has traditionally reported numbers before Indian stock markets open at 9 a.m.

TCS shares are over-valued compared to Infosys. TCS trades at 21.2 times its forward earnings compared to 17.4 times for Infosys, according to Thomson Reuters data.

Wipro's dollar sales grew 3 per cent sequentially in the December quarter, the best growth the company clocked in the last nine quarters. Operation or ebit margins rose 50 basis points sequentially to 23.5 per cent.

Country's third largest software services provider Wipro today said notwithstanding the improvement in demand scenario, there is still uncertainty over IT budgets for the next fiscal.

Shares of Wipro slipped more than 6 per cent on Thursday, a day after the Indian IT services provider reported a subdued profit in the third quarter (Q3) of the financial year 2021-22 (FY22).

IT services major Wipro on Wednesday posted a consolidated net profit of Rs 2,969 crore for the December 2021 quarter, and said it has logged strong performance in revenues and order bookings.

India's top IT service companies -- Tata Consultancy Services (TCS), Infosys and Wipro -- will declare their respective third-quarter numbers for the financial year 2021-22 (FY22) on Wednesday. This is apparently the first time that the three firms will announce quarterly figures on the same day. It is widely expected that IT companies could post d...

Information Technology Stocks: Infosys reported a 16.6 per cent rise in the October-December quarter profit and raised its annual revenue growth forecast, in results announcement post market hours on Wednesday.

Wipro Q3 Earnings: Dollar revenue growth was the highest in 36 quarters

The markets also are expecting Q3 results from big tech companies Infosys Ltd and Wipro Ltd later in the day

Its total revenue came in at Rs 15,470.5 crore in the third quarter of the current financial year, as against Rs 15,125.6 crore in the July-September period.

Wipro remained cautious over growth in the healthcare business, amid uncertainty around the Affordable Care Act. Although factors such as Brexit, rising trade war concerns and the healthcare act could create tension for firms globally, a weaker rupee has been beneficial for the country's IT sector.

Wipro said it hopes for a better fourth quarter results after failing to meet its revenue target from the IT services business in the Q3.

Third quarter results of blue-chips like Reliance Industries Ltd, Wipro and ITC as well as global market trends, China GDP data, the movement of rupee and oil will dictate stock market trading during the week from January 18 to January 22, say experts.

Third quarter earnings from blue-chips like Tata Consultancy Services (TCS), Reliance Industries Ltd (RIL) and Wipro and key macro-economic data - IIP and inflation - would dictate the trend on the bourses in the week starting January 12, say analysts.

In a break from the past, IT major Infosys will report its quarterly results in the afternoon hours. Infosys, which kick-starts earnings season in India, has traditionally reported numbers before Indian stock markets open at 9 a.m.

TCS shares are over-valued compared to Infosys. TCS trades at 21.2 times its forward earnings compared to 17.4 times for Infosys, according to Thomson Reuters data.

Wipro's dollar sales grew 3 per cent sequentially in the December quarter, the best growth the company clocked in the last nine quarters. Operation or ebit margins rose 50 basis points sequentially to 23.5 per cent.

Country's third largest software services provider Wipro today said notwithstanding the improvement in demand scenario, there is still uncertainty over IT budgets for the next fiscal.