Wipro stock jumps over 8% after Q3 earnings

Quick Summary:

Wipro on Friday topped street expectations with a 24.4% year-on-year rise in consolidated net profit for the December quarter at Rs 3,354 crore, as the top brass of India's fourth-largest IT services company guided for a "more hopeful and resilient" 2025.

For the coming March quarter, Wipro sees revenue from IT services business in the range of $2,602 million to $2,655 million, which sequentially translates into a band of 1% decline to 1% growth.

Its CEO and Managing Director Srinivas Pallia said clients are cautiously optimistic, and added that discretionary spending is slowly returning.

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Author / Journalist: Press Trust of India

Category: StartupsEconomyBusiness

Markets: India

Topics: Quarter Wipro Profit Policy Services Expectations Privacy Street Year-on-year Rise Topped

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-20 @ 08:34:31 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: yourstory.com

Language: English

Article Length: 220 words

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Sentences: 14 lines

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News ID: 25279978

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