Wipro shares rise 3% after Q4 beat estimates
Despite beating analysts' estimates, in the March quarter of FY24, the company’s consolidated net profit declined by 8% to ₹2,385 crore, as against ₹3,074 crore in the corresponding period last year.
Despite beating analysts' estimates, in the March quarter of FY24, the company’s consolidated net profit declined by 8% to ₹2,385 crore, as against ₹3,074 crore in the corresponding period last year.
Human resources departments across companies are increasingly using artificial intelligence to be employee friendly and improve efficiency at work.
The BSE IT index declined nearly 2% today, led by index heavyweights HCL Technologies, Wipro, Infosys, TCS, and Tech Mahindra.
Investors cheer better deal wins and green shoots under certain verticals in Q3 FY24
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In the first two weeks of December, the BSE benchmark Sensex has rallied 4,617 points, with FIIs injecting over ₹3,900 crore daily on an average this month.
The BSE Sensex rallied as much as 955 points to hit a fresh record high of 70,540; the NSE Nifty climbed 263 points to touch a new all-time high of 21,189.
As growth pangs continue for Wipro, the latest of the senior leadership team departure is that of chief growth officer Stephanie Trautman, who led the company's large deals team.
The collaboration to enable Wipro develop custom models for speech and translation, as well as other large language models
Demand slowdown has forced the big boys of Indian IT to cut their growth outlook for FY24. As macro uncertainty looms large, companies are shifting focus to controlling costs to protect profitability.