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Wipro Limited  (WIT)
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Price: $6.0500 $-0.08 -1.305%
Day's High: $6.07 Week Perf: -1.94 %
Day's Low: $ 6.02 30 Day Perf: -2.1 %
Volume (M): 1,302 52 Wk High: $ 6.45
Volume (M$): $ 7,878 52 Wk Avg: $5.04
Open: $6.07 52 Wk Low: $4.32



 Market Capitalization (Millions $) 33,208
 Shares Outstanding (Millions) 5,489
 Employees 191,000
 Revenues (TTM) (Millions $) 11,011
 Net Income (TTM) (Millions $) 1,383
 Cash Flow (TTM) (Millions $) 0
 Capital Exp. (TTM) (Millions $) 180

Wipro Limited
Wipro Limited is a global information technology, consulting and outsourcing company based in Bengaluru, India. It was founded in 1945 by Mohamed Premji as a small vegetable oil trading company and has since grown into a diversified multinational corporation with operations in over 50 countries.

Wipro provides a range of services to clients in various industries, including healthcare, banking, finance, manufacturing, telecommunications, energy and utilities, retail, and consumer goods. Its services include IT services, digital transformation, consulting, product engineering, infrastructure management, cloud services, business process services, and analytics.

The company operates through four main business units e IT Services, Digital, Consulting, and Others. The IT Services division provides application development and maintenance, infrastructure management, business process outsourcing, and analytics services to clients. The Digital division includes digital transformation services, digital operations, and platforms and products. The Consulting unit offers consulting services for business, operational and digital transformation, while the Others division comprises of Wipro's consumer care and lighting businesses.

Wipro is also actively involved in research and development activities and has established innovation centers across the world to foster collaboration with clients, partners, and academia. These centers focus on areas such as artificial intelligence, blockchain, cybersecurity, 5G, and machine learning.

The company has a strong commitment to sustainability and corporate responsibility, with initiatives focusing on areas such as climate change, education, healthcare, and community development. It has won several awards and recognitions for its sustainability efforts, including being named in the Dow Jones Sustainability World Index.

Wipro has a diverse and talented workforce of over 190,000 employees, with a strong focus on gender diversity and inclusivity. The company is listed on the National Stock Exchange and Bombay Stock Exchange in India and is also listed on the New York Stock Exchange in the US.

In summary, Wipro Limited is a leading global IT, consulting, and outsourcing company with a wide range of services, a strong focus on sustainability and corporate responsibility, a diverse and talented workforce, and a solid reputation in the industry.


   Company Address: Doddakannelli Sarjapur Road Bengaluru 560035
   Company Phone Number: 2844-0011   Stock Exchange / Ticker: NYSE WIT
   WIT is expected to report next financial results on May 23, 2024.


   

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Product Service News

Wipro and Nokia's Joint Venture Unveils Private 5G Solution to Turbocharge Business Digital Transformation

Published Tue, Feb 27 2024 1:03 AM UTC

Wipro and Nokia Collaborate to Launch Private 5G Network Solution to Accelerate Business Digital TransformationHELSINKI & BENGALURU, India - Wipro Limited, a leading global consulting and technology services company, has announced today a joint venture with Nokia to introduce a private wireless network solution aimed at boosting business digital transformation. This collabor...

Wipro Limited

Wipro Limited Reports Improved Revenue but a Dip in Income for Q4 2023: A Closer Look at the Figures

Wipro Limited, the Cloud Computing and Data Analytics company, has delivered mixed results in their Q4 2023 financial report. While revenues saw a year-over-year increase of 5.621%, rising to $11.01 billion from $10.43 billion, income fell by 13.79% to $0.25 per share. This is a significant drop from the preceding financial period when the company reported earnings of $0.29 per share. Net profits also fell by 14.21%, dropping to $1.383.000 million in Q4 2023 from $1,612.000 million in the corresponding period a year before.
The company reported that they continue to conduct strategic investments, spending, research, and personnel to help with future value creation for their investors. In an attempt to improve sales, Wipro Limited has shifted its focus, resulting in net margins easing to 12.56%. However, operating earnings fell by 8.11% to $1699 million, leading to a squeeze on their operating margin to 15.43% from 17.74% in Q4 2022.






 

Wipro Limited's Segments
 
 
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