WIPRO REVENUE DECLINE
Why is the stock market rising today? Sensex surges over 900 pts, Nifty above 24,550: 6 key factors behind the rally
Indian markets surged on Friday, fueled by hopes of a US-India trade deal and robust foreign investment inflows. A decline in crude oil prices and a weakening dollar further boosted sentiment. IT stocks rallied following strong earnings from U.S. tech giants, mirroring positive global market cues across Asia and the U.S.
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.
Why stock market fell today: Sensex ends 588 pts lower, Nifty below 24,100 as Pahalgam attack fuels geopolitical concerns. 5 reasons behind bloodbath
Stock Market Crash Today: Indian stock markets plunged, reversing early gains due to escalating India-Pakistan tensions following a terror attack in Kashmir. The Sensex tumbled, wiping out Rs 9.7 lakh crore in market capitalization.
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.
ICICI Securities maintains Reduce call on Wipro, lowers target price to Rs 230
ICICI Securities maintains a Reduce call on Wipro, revising the target price to Rs 230 due to a weak Q1FY26 revenue guidance of -3.5% to -1.5% QoQ CC, the weakest ever excluding Covid and GFC quarters. This reflects heightened uncertainty and delays in client decision-making, leading to EPS estimate cuts of 5%/4% for FY26/27E.
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.
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.
IT stocks slide up to 6% as Wipro forecasts revenue decline, sparks sector-wide selloff
Wipro’s earnings miss and muted guidance had a ripple effect across the IT sector, dragging down peer stocks. Infosys shares slipped 1.6% ahead of its earnings announcement later in the day. LTIMindtree, HCL Technologies, and Mphasis declined between 3% and 3.4%, while Tech Mahindra, Coforge, and Persistent Systems fell between 2% and 2.4%
IT rout pushes Nifty below 23,400; Sensex drops over 300 points
Indian benchmark equity indices opened lower on Thursday, weighed down by IT stocks following Wipro's revenue decline forecast amid tariff concerns. The BSE Sensex fell by 0.39%, and the Nifty50 slipped by 0.49%. This downturn was further influenced by US Federal Reserve Chair Jerome Powell's warning about the risks of tariffs on growth and prices.
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.
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.
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 reverses headcount to add 614 employees in Q4, 708 in full year FY25
Wipro’s larger rival Tata Consultancy Services, also reversed its headcount decline to add 625 employees in the fourth quarter and 6,433 in the full year to end March headcount at 607,979.
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.
Wipro Q4 Results Preview: PAT may rise 16% YoY; margins to be stable
Wipro anticipates a revenue decline in constant currency for Q4, likely near the lower end of its -1% to 1% guidance. While revenue from operations may see a slight YoY increase, net profit is expected to jump significantly. Investors will closely monitor discretionary spending, particularly within the financial services sector, amid macroeconomic concerns.
Load More
