Leading IT company Wipro has made a consolidated net profit of Rs 3003 crore for the quarter ending June 30, 2024. Wipro’s profit has increased by 4.6% compared to the same period a year ago. Wipro had made a profit of Rs 2870 crore in the June quarter of last year. Wipro shares closed at Rs 557.25, down 2.78 per cent, on the Bombay Stock Exchange (BSE) on Friday. Wipro shares also reached a new 52-week high of Rs 580 during the day’s trading.
4% decline in company’s revenue
Wipro’s revenue in the June quarter of the current financial year was Rs 21964 crore. The company’s revenue has declined by 4 percent compared to the same period last year. Wipro’s revenue in the June quarter of the last financial year was Rs 22831 crore. In its guidance for the quarter ending September 30, 2024, Wipro has said that the revenue of the IT services business segment could be in the range of $2600 to $2652 million.
Microsoft server down, check-in done by hand writing at airport
The company’s shares have increased by more than 33% in a year
Wipro shares have risen by more than 33% in the last one year. The company’s shares were at Rs 417.80 on July 19, 2023. Wipro shares closed at Rs 557.25 on July 19, 2024. Wipro shares have increased by more than 25% in the last 3 months. Wipro shares have increased by 113% in the last 4 years. Shares of the IT company were at Rs 261.50 on July 17, 2020. The shares of the company have reached Rs 557.25 on July 19, 2024. The 52-week high level of Wipro shares is Rs 580. At the same time, the 52-week low level of the company’s shares is Rs 375.
Yes Bank shares fell 3%, investors scared before the news coming on June 20!
