Wipro Limited (WIT)

NYSE: WIT · IEX Real-Time Price · USD
6.42
+0.23 (3.72%)
Jul 2, 2024, 4:00 PM EDT - Market closed
3.72%
Market Cap 33.54B
Revenue (ttm) 10.77B
Net Income (ttm) 1.33B
Shares Out 5.22B
EPS (ttm) 0.25
PE Ratio 25.46
Forward PE 19.08
Dividend $0.01 (0.19%)
Ex-Dividend Date Jan 23, 2024
Volume 1,903,040
Open 6.35
Previous Close 6.19
Day's Range 6.31 - 6.42
52-Week Range 4.48 - 6.45
Beta 0.70
Analysts Strong Sell
Price Target 5.35 (-16.67%)
Earnings Date Jul 11, 2024

About WIT

Wipro Limited operates as an information technology (IT), consulting, and business process services company worldwide. It operates through IT Services and IT Products segments. The IT Services segment offers IT and IT-enabled services, including digital strategy advisory, customer-centric design, technology and IT consulting, custom application design, development, re-engineering and maintenance, systems integration, package implementation, cloud and infrastructure, business process, cloud, mobility and analytics, research and development, and ... [Read more]

Sector Technology
Founded 1945
Employees 234,000
Stock Exchange NYSE
Ticker Symbol WIT
Full Company Profile

Financial Performance

In 2023, Wipro's revenue was 897.60 billion, a decrease of -0.80% compared to the previous year's 904.88 billion. Earnings were 110.45 billion, a decrease of -2.69%.

Financial numbers in INR Financial Statements

Analyst Forecast

According to 2 analysts, the average rating for WIT stock is "Strong Sell." The 12-month stock price forecast is $5.35, which is a decrease of -16.67% from the latest price.

Price Target
$5.35
(-16.67% downside)
Analyst Consensus: Strong Sell
Stock Forecasts

News

Hanesbrands Inc. Strengthens Wipro Partnership to Accelerate Digital Transformation

EAST BRUNSWICK, N.J. & BENGALURU, India--(BUSINESS WIRE)---- $WIPRO #AI--Hanesbrands Inc. Strengthens Wipro Partnership to Accelerate Digital Transformation.

18 days ago - Business Wire

Wipro Launches On-Premise GenAI Solution with Hewlett Packard Enterprise

EAST BRUNSWICK, N.J. & BENGALURU, India--(BUSINESS WIRE)---- $WIPRO #CustomerEngagement--Wipro Launches On-Premise GenAI Solution with Hewlett Packard Enterprise.

19 days ago - Business Wire

Wipro Introduces the Lab45 AI Platform Designed to Increase Efficiencies and Transform Business Functions

EAST BRUNSWICK, N.J. & BENGALURU, India--(BUSINESS WIRE)---- $WIPRO #AI--Wipro, a leading technology services and consulting company, today announced the launch of the Lab45 Artificial Intelligence (A...

21 days ago - Business Wire

Wipro Launches an AI-Assisted Security and Risk Platform, Powered by Zscaler

EAST BRUNSWICK, N.J. & BENGALURU, India--(BUSINESS WIRE)---- $WIPRO #AI--Wipro Limited announced that it has partnered with Zscaler to introduce Wipro Cyber X-Ray, an AI-assisted decision support plat...

4 weeks ago - Business Wire

Wipro Expands Retail Media Offering in Collaboration with Cisco and AT&T

E. BRUNSWICK, N.J. & BENGALURU, India--(BUSINESS WIRE)---- $WIPRO #Collaboration--Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO) today announced the expansion of retail-focused capabilities within...

4 weeks ago - Business Wire

Former Wipro CEO Delaporte earned $20 mln in last year at helm

India's No.4 IT services firm Wipro paid $20.1 million in annual compensation to former CEO Thierry Delaporte who resigned in April, well before his five-year term was set to end in July 2025.

5 weeks ago - Reuters

Wipro Annual Report 2024 on Form 20-F Available Online for ADS Holders

EAST BRUNSWICK, N.J. & BENGALURU, India--(BUSINESS WIRE)---- $WIPRO #ADSHolders--Wipro Annual Report 2024 on Form 20-F available online for ADS holders.

5 weeks ago - Business Wire

Wipro Appoints Sanjeev Jain as Chief Operating Officer

EAST BRUNSWICK, N.J. & BENGALURU, India--(BUSINESS WIRE)---- $WIPRO #AIprinciples--Wipro Limited today announced the appointment of Sanjeev Jain as the Chief Operating Officer effective immediately.

6 weeks ago - Business Wire

Wipro COO Amit Choudhary quits, business operations head Jain named successor

India's Wipro said on Friday that its chief operating officer Amit Choudhary is stepping down, with Sanjeev Jain, current global head of business operations named as his successor with immediate effec...

6 weeks ago - Reuters

Eightfold AI Collaborates with Wipro to Transform Talent Management

SANTA CLARA, Calif. , May 16, 2024 /PRNewswire/ -- Eightfold AI , the leader in AI-powered talent intelligence, today announced a collaboration with Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO),...

6 weeks ago - PRNewsWire

Wipro Appoints Vinay Firake as Chief Executive Officer for APMEA Strategic Market Unit

DUBAI, United Arab Emirates & BENGALURU, India--(BUSINESS WIRE)---- $WIPRO #APMEA--Wipro Limited today announced the appointment of Vinay Firake as the Chief Executive Officer, APMEA Strategic Market ...

7 weeks ago - Business Wire

Wipro Infrastructure Engineering's Hydraulics Business enters into a definitive agreement to acquire Mailhot Industries

BANGALORE, India--(BUSINESS WIRE)---- $WIPRO #AdditiveManufacturing--Wipro Hydraulics, the business of Wipro Infrastructure Engineering, announced it has entered into a definitive agreement to acquire...

7 weeks ago - Business Wire

Wipro and Kognitos Collaborate to Deploy GenAI-Based Business Automation Solutions

Wipro Ventures also participated in Kognitos' latest Series A Funding Round SAN JOSE, Calif. and BENGALURU, India , May 8, 2024 /PRNewswire/ -- Wipro (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading te...

7 weeks ago - PRNewsWire

NHS Scotland, in Partnership with Wipro UK Limited, Successfully Implements Rhapsody Enterprise Master Person Index

BOSTON--(BUSINESS WIRE)--Rhapsody, a global leader in digital health enablement, today announced that NHS National Services Scotland has successfully implemented Rhapsody Enterprise Master Person Inde...

2 months ago - Business Wire

Wipro to Implement Independent Health's Medicare Prescription Payment Plan Platform

EAST BRUNSWICK, N.J. & BENGALURU, India--(BUSINESS WIRE)---- $WIPRO #IndependentHealth--Wipro Limited today announced they have been selected by Independent Health to implement Wipro's Medicare Prescr...

2 months ago - Business Wire

India's Wipro discusses its 'focus sectors'

Aparna Iyer of the Indian IT services firm discusses uncertainty in markets and the company's strategy and business outlook.

2 months ago - CNBC International TV

India's Wipro rises as Street pins hopes on new CEO after Q4 results

Shares of Wipro rose as much as 2.4% on Monday, after India's No.4 software services exporter posted better-than-expected fourth-quarter results, while some analysts pinned hopes on new CEO Srinivas P...

2 months ago - Reuters

Wipro Announces Results for the Quarter and Year ended March 31, 2024

EAST BRUNSWICK, N.J. & BANGALORE, India--(BUSINESS WIRE)---- $WIPRO #FY24--Wipro Limited announced financial results under International Financial Reporting Standards (IFRS) for the quarter and year e...

2 months ago - Business Wire

India's Wipro beats Q4 revenue estimates

Wipro , India's fourth-largest software company, posted a bigger-than-expected fourth-quarter revenue on Friday, aided by firmer profit margins and a recovery in its consulting business.

2 months ago - Reuters

Wipro Appoints Malay Joshi as Chief Executive Officer for Americas 1 Strategic Market Unit

EAST BRUNSWICK, N.J. & BENGALURU, India--(BUSINESS WIRE)---- $WIPRO #Americas1--Wipro announced today the appointment of Malay Joshi as Chief Executive Officer of Wipro Americas 1 Strategic Market Uni...

2 months ago - Business Wire

Wipro Appoints Srini Pallia as CEO & Managing Director

EAST BRUNSWICK, N.J. & BENGALURU, India--(BUSINESS WIRE)---- $WIPRO #CEO--Wipro Limited announced the appointment of Srini Pallia as the Chief Executive Officer and Managing Director of the Company, e...

3 months ago - Business Wire

Wipro Limited to Announce Results for the Fourth Quarter and Year Ended March 31, 2024, on April 19, 2024

EAST BRUNSWICK, N.J. & BANGALORE, India--(BUSINESS WIRE)---- $WIPRO #DigitalTransformation--Wipro will announce results for the fourth quarter and year ended March 31, 2024, on April 19, 2024, after s...

3 months ago - Business Wire

Wipro GE Healthcare to invest $960 mln in R&D, manufacturing in India

Wipro GE Healthcare, a joint venture of India's Wipro Enterprises and a wholly owned entity of U.S.-based GE Healthcare , said it would invest 80 billion rupees ($960 million) in the country in its ma...

Other symbols: GEHC
3 months ago - Reuters

India's Wipro promotes 31 staff to senior roles after top-level exodus, internal memos show

Indian IT services firm Wipro has promoted six employees to senior vice president roles and 25 others to vice president roles, two internal memos seen by Reuters showed.

3 months ago - Reuters

Wipro Appoints Anne-Marie Rowland as CEO of Capco

LONDON & EAST BRUNSWICK, N.J. & BENGALURU, India--(BUSINESS WIRE)---- $WIPRO #Appointment--Wipro (NYSE: WIT, BSE: 507685, NSE: WIPRO) announced that Anne-Marie Rowland has been appointed to the role o...

3 months ago - Business Wire