WIPRO QUARTERLY RESULTS
India’s AI job boom; Hackers fuel Indo-Pak fire
Happy Thursday! Hiring in artificial intelligence (AI) roles is set to grow this fiscal, bucking tech industry trends. This and more in today’s ETtech Morning Dispatch.
Rs 2.3 lakh crore comeback: IT stocks roar to life, but are they running on low battery?
Indian IT stocks have seen a significant comeback, adding Rs 2.32 lakh crore in market value. The Nifty IT index has increased substantially. This surge occurs despite ongoing uncertainties in demand. Analysts suggest caution, viewing the rebound as technical rather than fundamentally driven. Attractive valuations and long-term opportunities exist. Focus is on monitoring global markets and demand for sustained momentum.
Mphasis to focus on large AI-led deals, says CEO
The company won deals worth $390 million in total contract value (TCV) including two large deals in the January-March period of fiscal year 2025, the highest in the last seven quarters. For the fiscal year, new TCV was $1.27 billion and 55% of this was AI-led.
InCred hikes Nifty target by 4%; adds Axis Bank, UPL to High-Conviction List
Despite earnings downgrades and market volatility, InCred Equities has increased its Nifty target to 24,280, encouraged by lower crude oil prices and expected good rainfall. Axis Bank and UPL are added to their high-conviction stock list. While cautious on Indian equities due to premium valuations and policy uncertainty, they upgraded construction sector to neutral.
Tech Mahindra’s fourth quarter net profit soars 76% to Rs 1,167 crore
Revenue at Rs 13,384 crore grew 4% from a year earlier, but only 0.7% from the third quarter, hurt by weakness in North America, the largest region in terms of revenue, and the key segments of communications, manufacturing, and hi-tech & media.
Amid tariff blues, HCLTech Hopes to grow more than peers this year
HCL Technologies has guided for 2–5% revenue growth in FY26, outpacing peers like Infosys and TCS. It retains its 18–19% EBIT margin and boasts strong deal wins worth $2.99 billion, with increased revenue from existing clients.
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Market Wrap: Tariff relief hopes buoy D-Street higher for 7th day; Sensex adds 521 pts, Nifty above 24,300
Indian benchmark indices extended their winning streak to a seventh session on Wednesday, lifted by IT and auto stocks amid signs of easing U.S.-China trade tensions and an upbeat revenue forecast from HCLTech.
FIIs hit sell button on TCS, Infosys and 5 other IT stocks. Is this peak pessimism?
India’s IT sector is witnessing a sharp correction, with FIIs exiting heavyweights like TCS, Infosys, and HCL Tech. The Nifty IT index has plunged 26% from its peak. While most IT majors saw FII stake cuts in Q4 FY25, Wipro was the lone exception. The broad-based selloff raises questions on whether this is peak pessimism or a deeper correction ahead.
FIIs return, earnings lift sentiment ahead of expiry week: Sandip Sabharwal
So, banks are pretty well placed and as the result season plays out, we will see more data points but this quarter result expectations in any case were lower. Overall financial year 25-26 the outlook still remains positive.
US tariff clouds loom large over Indian IT's key revenue streams
Ongoing uncertainty around global tariffs may dampen sentiment and put pressure on key sectors such as consumer, retail, and manufacturing — all crucial to India’s software services exports industry.
Cautious narrative, sobering outlook: Top IT cos' results trail expectations amid tariff woes
The overhang of macro concerns reflected on several fronts, from muted outlook to hesitation to commit upfront on wage hikes, as management commentary from India's billion-dollar IT powerhouses remained largely sobering in the just-ended quarter. Hiring trends fared a tad better. TCS, Infosys and Wipro cumulatively added 1,438 employees between Q3 and Q4 FY25, marking a shift, and indeed a reversal, from declines of over 900 seen in the previous quarter.
Don’t blame AI or Trump tariff: Indian IT faces deep trouble, says Zoho founder Sridhar Vembu. And jobs?
Zoho's Sridhar Vembu warns that the Indian IT industry faces a deep, long-term transformation, not just a cyclical downturn. He attributes the current struggles to decades of inefficiencies, including bloated systems and over-hiring, exacerbated by easy funding. Vembu urges the industry to innovate and optimize, as the next era will demand efficiency unlike the past.
Techies hired and fired: TCS, Infosys, Wipro add 1,400 jobs, but trade turmoil keeps IT headcount in check
India's top IT firms, including TCS, Infosys, and Wipro, have slowed hiring despite a slight headcount increase in Q4 FY25. This cautious approach reflects global economic uncertainty, tariff-related trade tensions, and the rise of automation. Demand for tech talent has dropped, leading companies to delay hiring decisions and focus on internal talent and AI integration.
India may become best-performing market in 2nd half of FY25: Mayuresh Joshi
Amidst a mixed earnings season, the IT sector faces headwinds from discretionary spending uncertainty and pricing challenges, potentially delaying recovery. However, domestically focused sectors like agrochemicals, healthcare, and banking show promise. Valuations are currently fair, with expectations of a stronger second half in FY25 driven by consumption and government spending.
Slowing growth casualty of tariff war: Infosys, TCS, other tech majors
The chief executives of Infosys, TCS, and Wipro cited prevailing volatility from the tariff war as reason some of their clients in markets across United Sates and Europe are pausing existing projects, rethinking fresh spending and turning instead to eking out savings from ongoing engagements.
Amid Q4 revenue jitters, Infosys expects recovery in the coming quarters
The performance of Infosys in the March quarter on the revenue front was worse compared with peers Tata Consultancy Services (TCS) and Wipro.
Gensol, BluSmart unravel; IT hiring to slow down
Happy Thursday! Gensol promoter Anmol Singh Jaggi and BharatPe cofounder Ashneer Grover have a history of investment dealings. This and more in today’s ETtech Morning Dispatch.
Infosys Q4 results; Sunscreen storm clears up
Infosys posted a drop in net profit for the March quarter. This and more in today’s ETtech Top 5.
Stocks to buy today: Wipro gets downgraded post Q4 results; Lupin could see over 20% upside
Brokerages are showing caution on specific stocks due to factors impacting earnings visibility. Nuvama downgraded Wipro to "Hold," citing weak performance and guidance, with a reduced target price of Rs 260. Choice Broking remains bullish on Lupin and Zydus Lifesciences, despite U.S. legal setbacks delaying generic drug launches.
Wipro shares slide 6% post Q4 results. Should you buy, sell or hold?
Wipro shares: Wipro's shares declined despite a 26% year-over-year increase in net profit, which surpassed estimates. Revenue saw a slight rise, but IT services revenue dipped, leading to cautious analyst outlooks. Nuvama and Choice Broking downgraded the stock due to weak guidance and macro uncertainties, impacting growth visibility and margin pressures.
Tariff overhang: IT companies slash hiring mandates, demand drops by one fifth in Q4 of FY25
India’s software exporters are halting new hiring and adopting a “wait and watch” approach as the industry braces for continued economic uncertainty triggered by the ongoing tariff war. Recruitment firms reported that hiring mandates have been slashed, with talent demand dropping nearly 20% between January and March 2025 compared to the previous quarter.
Wipro posts 26% jump in Q4 net profit to Rs 3,570 crore
India's fourth largest software services exporter posted a net profit of Rs 3,570 crore for the quarter ended March 31, in line with analyst estimates tracked by ET. Revenue rose 1.3% from a year earlier to Rs 22,504 crore. In dollar terms, Wipro missed its own guidance with revenue declining by 1.2% from the previous quarter and 2.3% a year earlier to nearly $2.60 billion.
Stocks in news: Infosys, Jio Financial, Wipro, ICICI Bank, SpiceJet
Indian markets saw a slight rise as recovery continued, with Infosys, Jio Financial, and Wipro in focus due to earnings reports. UltraTech Cement is set to acquire a stake in AMPIN C&I Power Eight, while Petronet LNG appointed a new CFO. HUL is pursuing legal action against Honasa Consumer. SpiceJet aims to double its fleet in the coming year.
New deals a positive, but client loss a worry for Wipro
Wipro’s fourth quarter performance, weak on key parameters, resonates the sector wide slack amid delayed ramp ups of large, multi-year transformational projects.
Wipro ADRs plunge 7% despite 26% YoY PAT growth in Q4
Wipro ADRs fell 7% despite a 26% YoY jump in Q4FY25 net profit to Rs 3,570 crore. Weak Nasdaq cues and flat revenue growth tempered investor sentiment.
Wipro Q4 Results: PAT rises 26% YoY to Rs 3,570 crore, beats estimates
Wipro Q4 Results: IT major reported a net profit of Rs 3,570 crore for Q4 FY25, a 26% increase YoY, surpassing Street expectations. Revenue rose 1% YoY to Rs 22,504 crore, while IT services revenue saw a slight decline. The company secured significant deal wins and improved client satisfaction, focusing on margin expansion amid a softening revenue environment.
Wipro Q4 results: Here are 10 key takeaways
Wipro's Q4FY25 net profit rose 26% YoY to Rs 3,570 crore, surpassing estimates. Revenue increased by 1% YoY to Rs 22,504 crore. The company reported strong deal bookings, a stable operating margin, and provided cautious revenue guidance for the upcoming quarter amid macroeconomic uncertainty.
Wipro's Rs 6 dividend declared in January to be final for FY25, says company
Wipro's Q4 net profit surged 26% YoY to ?3,570 crore, surpassing Street estimates, while revenue rose 1% to ?22,504 crore. The board's ?6 per share interim dividend, declared earlier, will be the final dividend for FY25. CEO Srini Pallia highlighted significant deal wins and improved client satisfaction.
Q4 results today: Wipro, Waree Renewables among 10 companies to announce earnings on Wednesday
Angel One, Waaree Renewable Technologies, and Wipro are set to announce their Q4 results, among ten companies reporting today. Wipro anticipates a revenue decline in constant currency due to softening demand, with a projected marginal YoY revenue increase. Profit is expected to rise, while margins remain stable, with investor focus on client spending and BFSI performance.
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