Wipro stock jumps over 8% after Q3 earnings
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.
Shares of on Monday surged over 8% after the firm topped street expectations with a 24.4% year-on-year rise in consolidated net profit for the December quarter.
The stock jumped 8.33% to Rs 305.35 on the BSE and 8.31% to Rs 305.40 on the NSE.
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.
Its CEO and Managing Director Srinivas Pallia said clients are cautiously optimistic, and added that discretionary spending is slowly returning.
Wipro, which competes with larger rivals such as and in the IT services market, reported better-than-expected net profit numbers for Q3 FY25, but called out softness in Asia Pacific, Middle East and Africa (APMEA) and Europe regions.
The Bengaluru-based tech major saw its revenue from operations rise a marginal 0.5% to about Rs 22,319 crore aided by momentum in banking, financial services, and insurance space as well as Americas geography.
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.