After losing some value lately, a hammer chart pattern has been formed for Wipro Limited (WIT), indicating that the stock has found support. This, combined with an upward trend in earnings estimate revisions, could lead to a trend reversal for the stock in the near term.
Wipro Limited (NYSE:WIT ) Q2 2025 Earnings Conference Call October 17, 2024 9:30 AM ET Company Participants Dipak Bohra - Senior Vice President, Corporate Treasurer and Investor Relations Srinivas Pallia - Chief Executive Officer and Managing Director Aparna Iyer - Chief Financial Officer Conference Call Participants Abhishek Kumar - JM Financial Nitin Padmanabhan - Investec Sudheer Guntupalli - Kotak Mahindra AMC Gaurav Rateria - Morgan Stanley Sandeep Shah - Equirus Securities Sumeet Jain - CLSA Ankur Rudra - J.P. Morgan Kawaljeet Saluja - Kotak Securities Operator Ladies and gentlemen, good day and welcome to Wipro Limited Q2 FY '25 Earnings Call.
Wipro , India's fourth-largest software company, posted higher-than-expected second-quarter revenue on Thursday, helped by a revival in spending by its clients in the U.S. communications sector.
Wipro's shares dropped the most in more than four years on Monday morning as investors punished India's no. 4 IT services firm for its poor growth at a time when rivals talked of a return of client spending and posted strong results.
Wipro missed quarterly revenue estimates on Friday due to weak demand in Europe and Asia-Pacific, highlighting the tough task its new boss faces as he tries to turn around the fortunes of India's No.4 software-services exporter.
Wipro , India's fourth-largest IT services player, missed quarterly revenue expectations on Friday due to prolonged softness in key geographies such as Europe, and Asia Pacific, India, Middle East and Africa.
Wipro (WIT) secures a contract from its long-term partner, Hanesbrands, to improve the latter's profitability and business growth through the acceleration of digital transformation.
India's No.4 IT services firm Wipro paid $20.1 million in annual compensation to former CEO Thierry Delaporte who resigned in April, well before his five-year term was set to end in July 2025.
India's Wipro said on Friday that its chief operating officer Amit Choudhary is stepping down, with Sanjeev Jain, current global head of business operations named as his successor with immediate effect.