India's Wipro banks on better 2025 after beating Q3 estimates
Wipro , India's fourth-largest IT services company, reported higher-than-expected third-quarter revenue on Friday, helped by positive momentum in its banking, financial services, and insurance (BFSI) vertical and in the Americas geography.
Wipro, Tech Mahindra revenue shrinks in Q3
Both Wipro and Tech Mahindra have reported a revenue decline in the April-December 2024 period. While Wipro’s revenue declined 4.15% from the year-ago period to $7.78 billion, Tech Mahindra’s revenue dropped 0.3% to $4.72 billion.
Wipro's Q3 revenue falls nearly 1%
Wipro's revenue dropped 0.7% year-on-year in the Dec quarter but met its guidance, with a forecasted growth of -2% to 0% for the next quarter. The company reported a positive outlook with increasing AI spending,
Wipro Q3 results: Net profit rises 24.5% to Rs 3,350 cr, beats estimates
Bengaluru-based IT services major Wipro posted a net profit of Rs 3,350 crore for the third quarter of FY25, up 24.5 per cent from a year ago. Profit was up 4.5 per cent quarter-on-quarter (Q-o-Q).
Wipro exceeds expectations with 24.4% rise in Q3 consolidated net profit
Wipro CEO and Managing Director Srinivas Pallia said clients are cautiously optimistic, and added that discretionary spending is slowly returning.
Wipro Q3 net profit rises 4.5% QoQ to Rs 3,354 crore, beats estimates; margin at 3-year high
Wipro Ltd's Q3 net profit rose about 4.5 percent quarter-on-quarter to Rs 3,354 crore, beating Street estimates. Revenue was flat at Rs 22,319 crore for the fiscal third quarter. A Moneycontrol poll of nine brokerages estimated Wipro's Q3 consolidated net profit to shrink 5 percent quarter-on-quarter to Rs 3,
Wipro Q3 net profit rises 4.5% QoQ to Rs 3,354 crore, beats estimates
Wipro Ltd reported a 4.5 percent quarter-on-quarter increase in consolidated net profit to Rs 3,354 crore for the quarter ended December 31, 2024, surpassing analysts’ expectations. The IT major's Q3 FY25 revenue remained flat at Rs 22,
India's Tech Mahindra bets on 2025 after weak telecom segment weighs on Q3
By Haripriya Suresh, Hritam Mukherjee and Sai Ishwarbharath B MUMBAI/BENGALURU (Reuters) -Indian software services provider Tech Mahindra's chief executive expects 2025 to be better than last year, after subdued demand in its mainstay telecom segment led to an earnings miss in the third quarter.
India's Tech Mahindra Misses Q3 Revenue View
Tech Mahindra logo is seen on its office building in Noida on the outskirts of New Delhi, India March 7, 2019. Picture taken March 7, 2019. REUTERS/Adnan Abid
Tech Mahindra Q3 results: Profits Rises 93% To Rs 983 Crore
IT and Consulting giant firm, Tech Mahindra announced the Q3 results ending on December 31, 2024. The company held the meeting today. “approved the Audited Consolidated and Standalone Financial Result
Wipro Q3 net surges 24.5% on consulting boost, lower costs
However, revenue remained subdued due to furloughs and seasonal weakness meeting its guidance, rising marginally by 0.1% YoY ...
Wipro Q3 attrition rate rises to 15.3%; headcount down 1,157 to 2,32,732 employees
Wipro announced its third-quarter results on January 17. The IT major’s attrition rate rises to 15.3%, as the headcount drops to 2.32 lakh employees in the Q3 results. Shares closed lower ahead of ...
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Wipro Q3 Profit Surges 24.4%, Beats Estimates
Wipro reported a strong Q3 FY25, exceeding expectations with a 24.4% rise in net profit. The IT services company sees ...
Wipro Q3 Results: Cons PAT jumps 24% YoY to Rs 3,354 crore; dividend declared at Rs 6 per share
Results: The board has announced an interim dividend of ₹6 per share, with January 28 set as the record date. Payment will be ...
Wipro Q3 Results: Beats Estimates! Consolidated PAT Jumps 24.5% To Rs 3,353.8 Crore; Margin At 3-Yr High
For the fourth quarter of FY25, which would be March 31, 2025 period, Wipro expects revenue of its IT Services business ...
Wipro client numbers drop due to weak discretionary spending, Q3 furloughs
In Q3, the company’s customer base from the over $100 million through over $1 million bracket stood at 1,806, down from 1,837 ...
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Wipro Q3 Results Highlights: Net profit jumps 24.4% to ₹3,354 crore, declares ₹6 dividend
IT services company will report its October to December 2024 quarterly earnings today. A CNBC-TV18 poll of analysts projects ...