Wipro Limited (NYSE:WIT) Q4 2024 Earnings Call Transcript April 19, 2024 Wipro Limited reports earnings inline with expectations. Reported EPS is $0.07 EPS, expectations were $0.07. WIT isn’t one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here). Operator: Ladies and gentlemen, good day […]
Shares of Wipro rose as much as 2.4% on Monday, after India's No.4 software services exporter posted better-than-expected fourth-quarter results, while some analysts pinned hopes on new CEO Srinivas Pallia to anchor a turnaround. Still, the stock has lost about 4% so far this year, while larger rivals Tata Consultancy Services and Infosys have gained 1.4% and shed 8.5% respectively. Wipro's quarterly revenue and profit came ahead of estimates, and Pallia said he will prioiritise growth at a time when India's $254 billion IT services industry grapples with reduced client spending due to high interest rates, geopolitical risks and economic uncertainty.
EAST BRUNSWICK, N.J. & BANGALORE, India, April 19, 2024--Wipro Limited announced financial results under International Financial Reporting Standards (IFRS) for the quarter and year ended March 31, 2024.