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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.
Wipro Limited (NYSE:WIT ) Q4 2024 Earnings Conference Call April 19, 2024 9:30 AM ET Company Participants Dipak Bohra - Senior Vice President, Corporate Treasurer and Investor Relations Srinivas Pallia - CEO Aparna Iyer - CFO Saurabh Govil - Chief Human Resources Officer Conference Call Participants Moshe Katri - Wedbush Securities Abhishek Kumar - JM Financial Ravi Menon - Macquarie Kawaljeet Saluja - Kotak Gaurav Rateria - Morgan Stanley Kumar Rakesh - BNP Paribas Yogesh Aggarwal - HSBC Securities and Capital Markets Sudheer Guntupalli - Kotak Mahindra AMC Sandeep Shah - Equirus Securities Operator Ladies and gentlemen, good day and welcome to Wipro Limited Q4 FY '24 Earnings Conference Call. As a reminder, all participant lines will be in the listen-only mode and there will be an opportunity for you to ask questions after the presentation concludes.
Wipro , India's fourth-largest software company, posted a bigger-than-expected fourth-quarter revenue on Friday, aided by firmer profit margins and a recovery in its consulting business.
Wipro GE Healthcare, a joint venture of India's Wipro Enterprises and a wholly owned entity of U.S.-based GE Healthcare , said it would invest 80 billion rupees ($960 million) in the country in its manufacturing and research and development facilities.
General Motors (GM), auto parts supplier Magna International (MGA), and information technology provider Wipro (WIT) are teaming up to develop a platform for businesses to buy and sell automotive software.
General Motors , auto parts supplier Magna and IT company Wipro said on Tuesday they were working together to create a sales platform, called SDVerse, to buy and sell automotive software.
IBM (NYSE: IBM) is in focus today after it announced to have teamed up with Wipro Limited (NYSE: WIT) on new artificial intelligence enabled services.
Wipro Limited (WIT) witnesses a hammer chart pattern, indicating support found by the stock after losing some value lately. This coupled with an upward trend in earnings estimate revisions could mean a trend reversal for the stock in the near term.