Mumbai8 hours ago
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After the first quarter results, today Wipro’s shares saw a rise of more than 9%. After trading throughout the day, the company’s shares closed at 505.35 with a fall of 9.31%. In fact, in the first quarter of the financial year 2024-25, the company’s profit has increased, but the revenue has declined. Wipro’s net profit in the April-June quarter increased by 4.63% year-on-year to Rs 3,003 crore.
The company’s profit in the same quarter a year ago was Rs 2,870 crore. However, Wipro’s revenue has declined by 3.8% on an annual basis. The company’s revenue in Q1FY25 stood at Rs 21,964 crore. Whereas the revenue in the same quarter a year ago was Rs 22,831 crore. The company had released the results on Saturday, July 20.
After day trading, Wipro shares closed at 505.35 with a fall of 9.31%.
so far this year 5.91% Wipro shares rose
Wipro shares have seen a decline of more than 9% in the last 5 days. However, Wipro shares have given positive returns of 3.02% in the last one month and 7.54% in 6 months. At the same time, so far this year the company’s shares have seen a rise of 5.91%.
Net income increased by 4.6% on annual basis
Wipro’s net income increased to Rs 3604 crore in Q1FY25, an increase of 4.6% on an annual basis and 5.9% on a quarterly basis.
Wipro has more than 2.45 lakh employees, presence in 65 countries
Wipro Limited is a leading technology services and consulting company. It has more than 2.45 lakh employees and has presence in 65 countries. Azim Premji inherited control of Wipro from his father in 1966 at the age of 21.
Under his leadership, Wipro diversified from producing vegetable oils to providing IT services, software solutions and consulting services. Along with releasing the results, Wipro’s CHRO said that the company will hire 10,000 to 12M000 freshers in FY25.
