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Wipro ( (WIT) ) has shared an update.
Wipro Limited announced its financial results for the quarter ended December 31, 2024, with significant highlights including a revenue increase of 0.1% quarter-over-quarter and a notable operating margin of 17.5%, marking a 12-quarter high. The net income grew by 24.5% year-over-year, and the company reported strong operating cash flows at 146.5% of net income. Wipro secured several strategic deals across industries, including a major US health insurance company and a leading media corporation, highlighting its robust market positioning and commitment to innovation. The board declared an interim dividend and revised the capital allocation policy to increase payout, signaling confidence in future growth and sustainability.
More about Wipro
Wipro Limited is a leading technology services and consulting company headquartered in Bangalore, India. The company specializes in IT services and solutions, catering to a global clientele with a focus on innovation and integration of advanced technology like AI.
YTD Price Performance: -1.40%
Average Trading Volume: 4,814,553
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $36.06B
For a thorough assessment of WIT stock, go to TipRanks’ Stock Analysis page.
