
- Wipro’s net income rose by 25% year-over-year, reaching 33.5 billion rupees, beating the estimate of 30.6 billion rupees.
- Revenue increased slightly by 0.5% year-over-year to 223.2 billion rupees, surpassing the estimate of 222.21 billion rupees.
- IT services revenue grew by 0.6% year-over-year to 222.9 billion rupees, exceeding the 221.78 billion rupees estimate.
- IT products revenue declined by 7.2% year-over-year to 747 million rupees, above the estimate of 697.3 million rupees.
- Total costs decreased by 2% year-over-year to 188.7 billion rupees.
- Employee benefits expenses slightly dropped by 0.9% year-over-year to 133 billion rupees, below the estimate of 135.59 billion rupees.
- Other income surged by 67% year-over-year, reaching 10 billion rupees.
- Operating margin was reported at 17.5%.
- Employee attrition stood at 15.3%.
- Dividend per share announced at 6 rupees.
- Wipro shares fell 2.1%, closing at 281.95 rupees with 9.36 million shares traded.
- Market sentiment includes 8 buy ratings, 13 hold ratings, and 24 sell ratings.
“`
A look at Wipro Ltd Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 2 | |
| Growth | 3 | |
| Resilience | 5 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.6 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Wipro Ltd, a company specializing in IT and computer technologies, has been rated using Smartkarma Smart Scores. With a strong outlook in resilience and momentum, scoring a 5 in both areas, Wipro demonstrates its robustness and potential for growth in the long term. The company’s value and growth scores are moderate at 3, indicating a stable position in terms of its market value and potential for expansion. However, the dividend score of 2 suggests a lower level of dividend payouts. Overall, Wipro’s outlook is positive, supported by its resilience and momentum in the market.
Known for its expertise in software architecture, business intelligence, e-commerce, and other IT services, Wipro also has a presence in niche consumer product markets. The company’s Smartkarma Smart Scores reflect a balance between stability and growth opportunities, positioning Wipro as a reliable player in the IT sector. Investors looking for a company with strong resilience and momentum may find Wipro Ltd a promising long-term investment option.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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