Wipro Limited (WIT)

NYSE: WIT · IEX Real-Time Price · USD
5.75
+0.05 (0.88%)
Mar 28, 2024, 4:00 PM EDT - Market closed
0.88%
Market Cap 30.05B
Revenue (ttm) 11.04B
Net Income (ttm) 1.40B
Shares Out 5.23B
EPS (ttm) 0.26
PE Ratio 22.14
Forward PE 19.92
Dividend $0.01 (0.21%)
Ex-Dividend Date Jan 23, 2024
Volume 2,336,805
Open 5.74
Previous Close 5.70
Day's Range 5.73 - 5.77
52-Week Range 4.32 - 6.45
Beta 0.72
Analysts Strong Sell
Price Target 5.00 (-13.04%)
Earnings Date Apr 25, 2024

About WIT

Wipro Limited operates as an information technology (IT), consulting, and business process services company worldwide. It operates through three segments: IT Services, IT Products, and India State Run Enterprise Services (ISRE). 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, mo... [Read more]

Sector Technology
Founded 1945
Employees 250,000
Stock Exchange NYSE
Ticker Symbol WIT
Full Company Profile

Financial Performance

In 2022, Wipro's revenue was 904.88 billion, an increase of 14.41% compared to the previous year's 790.93 billion. Earnings were 113.50 billion, a decrease of -7.11%.

Financial numbers in INR Financial Statements

Analyst Forecast

According to 3 analysts, the average rating for WIT stock is "Strong Sell." The 12-month stock price forecast is $5.0, which is a decrease of -13.04% from the latest price.

Price Target
$5.0
(-13.04% downside)
Analyst Consensus: Strong Sell
Stock Forecasts

News

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 days 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.

7 days 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...

9 days ago - Business Wire

Wipro Enters into Agreement with Desjardins to Modernize Consumer Banking Services Using its NetOxygen Platform

TORONTO & BENGALURU, India--(BUSINESS WIRE)---- $WIPRO #AdvisoryServices--Wipro Limited today announced that it has been selected by Desjardins to transform their credit solutions for members and clie...

15 days ago - Business Wire

Wipro Expands Partnership with Nutanix to Launch a New Nutanix Business Unit

EAST BRUNSWICK, N.J. & SAN JOSE, Calif. & BENGALURU, India--(BUSINESS WIRE)-- #HCI--WiPro expands partnership with Nutanix to launch a new Nutanix Business Unit to accelerate hybrid multicloud innovat...

Other symbols: NTNX
18 days ago - Business Wire

GM Joins Forces With Magna and Wipro To Develop Auto Software Marketplace

General Motors (GM), auto parts supplier Magna International (MGA), and information technology provider Wipro (WIT) are teaming up to develop a platform for businesses to buy and sell automotive softw...

Other symbols: GMMGA
23 days ago - Investopedia

GM, Magna and Wipro team up for automotive software marketplace

General Motors , auto parts supplier Magna and IT company Wipro said on Tuesday they were working together to create a sales platform, called SDVerse, to buy and sell automotive software.

Other symbols: GMMGA
24 days ago - Reuters

Wipro Completes Major Cloud Transformation for ManpowerGroup

EAST BRUNSWICK, N.J. & BENGALURU, India--(BUSINESS WIRE)---- $WIPRO #AzureSQLDatabase--Wipro Limited today announced that it has completed the migration of ManpowerGroup's largest data centre in Europ...

4 weeks ago - Business Wire

Wipro and Nokia Launch Joint 5G Private Wireless Solution to Speed up Enterprise Digital Transformation

HELSINKI & BENGALURU, India--(BUSINESS WIRE)---- $WIPRO #5G--Wipro Limited today announced a joint private wireless solution with Nokia, to help enterprises scale their digital transformation.

Other symbols: NOK
4 weeks ago - Business Wire

IBM teams up with Wipro on new AI services

IBM (NYSE: IBM) is in focus today after it announced to have teamed up with Wipro Limited (NYSE: WIT) on new artificial intelligence enabled services.

Other symbols: IBM
5 weeks ago - Invezz

Wipro and IBM Expand Partnership to Offer New AI Services and Support to Clients

EAST BRUNSWICK, N.J. & BENGALURU, India--(BUSINESS WIRE)---- $WIPRO #AI--Wipro launches an Enterprise AI-Ready Platform, leveraging IBM watsonx, to advance enterprise adoption of Generative AI.

5 weeks ago - Business Wire

Technology Holdings advises InsurTech specialist Aggne, on the acquisition of a majority stake by Wipro for $66 Million

LONDON--(BUSINESS WIRE)--Technology Holdings, a global investment bank with offices in North America, Europe and the Asia-Pacific is pleased to announce that it has acted as the exclusive financial ad...

6 weeks ago - Business Wire

Wipro Marketing Director, Namita Tiwari Joins Forbes Communication Council

Delhi, India--(Newsfile Corp. - February 14, 2024) - Wipro's Marketing Director, Namita Tiwari, has been invited to join Forbes Communication Council's community of experts. The Forbes Communication C...

6 weeks ago - Newsfile Corp

Wipro Invests in Aggne to Strengthen Consulting & Services Capabilities in the Insurance Sector

EAST BRUNSWICK, N.J. & TAMPA, Fla. & BENGALURU, India--(BUSINESS WIRE)---- $WIPRO #Aggne--Wipro Limited today announced that it has made a significant investment in Aggne.

6 weeks ago - Business Wire

Wipro a 'bit more' optimistic about next fiscal year due to AI

Wipro is feeling a "bit more" optimistic about its next financial year as clients spend more on artificial intelligence (AI) to reduce operating costs, the head of the Indian IT firm's Americas 2 busi...

2 months ago - Reuters

Wipro Executive Chair Rishad Premji on Tech Industry, AI

Wipro Executive Chair Rishad Premji says the 2023 has been a tough year for the tech service industry but still the company sees "decent numbers in quarter execution basis." He spoke with Bloomberg's ...

2 months ago - Bloomberg Markets and Finance

Kyndryl, Accenture, Wipro, Infosys stocks fly as tech demand rises

Consultants are back in business as demand for IT spending jumps. Kyndryl (KD) stock price has surged to its highest point since November 2021 after jumping by over 169% from its lowest point in 2022.

Other symbols: ACNINFYKD
2 months ago - Invezz

Wipro's stock having best day in 16 years amid signs IT consulting has bottomed

Shares of Wipro Ltd. rocketed Friday, after the India-based information-technology consultant beat fiscal third-quarter profit expectations, to snap a streak of earning misses amid a jump in large dea...

2 months ago - Market Watch

Wipro Announces Results for the Quarter-Ended December 31, 2023

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

2 months ago - Business Wire

India's Wipro beats third-quarter revenue estimates

Wipro , India's fourth-largest IT services provider, reported a better-than-expected rise in third-quarter revenue on Friday on the back of improved deal execution.

2 months ago - Reuters

Wipro Limited to Announce Results for the Third Quarter Ended December 31, 2023, on January 12, 2024

EAST BRUNSWICK, N.J. & BANGALORE, India--(BUSINESS WIRE)---- $WIPRO #DigitalTransformation--Wipro Limited will announce results for the third quarter ended December 31, 2023, on Friday, January 12, 20...

3 months ago - Business Wire

Wipro, ex CFO Dalal referred to arbitration over alleged non-compete clause breach

Indian IT major Wipro will go into arbitration with its former CFO Jatin Dalal after he joined rival Cognizant , according to a civil court order on Wednesday in the southern Indian city of Bengaluru.

3 months ago - Reuters

Wipro and Marelli Create First Cabin Digital Twin Viable Product

PARIS & BENGALURU, India--(BUSINESS WIRE)---- $WIPRO #CloudITTransformation--Wipro and Marelli Create First Cabin Digital Twin Viable Product.

3 months ago - Business Wire

These Indian stocks have powered the BSE Sensex index to ATH

Indian stocks are soaring, helped by the country's economic growth. The Nifty 50 and BSE Sensex index surged to their record highs on Monday after important elections on Sunday.

Other symbols: IBNMMYT
4 months ago - Invezz

Advantage Modi as BJP sweeps 3 states; Indian stocks scale fresh highs

On the eve of India's national elections, five states' assemblies went to polls, as political parties vied for control in what is being termed as a virtual semi-final. These included Rajasthan, Madhya...

Other symbols: IBNMMYT
4 months ago - Invezz