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IT service providing company Wipro has made a net profit of Rs 3,209 crore in the second quarter of the financial year 2024-25. There has been an increase of 21.3% on annual basis. The tech company had made a profit of Rs 2,646 crore in the same quarter a year ago.
The company generated revenue of Rs 22,302 crore in the July-September quarter. It has decreased by 1% on annual basis. In the same quarter a year ago, the company had generated revenue of Rs 22,516 crore. The money that comes to the company from selling services is called revenue.
Wipro will give one bonus share for every share
The IT company has given approval to issue bonus shares in the ratio of 1:1 to its shareholders with the quarterly results. The 1:1 ratio means that eligible shareholders will get one additional share of Wipro for one share.
Wipro Chief Financial Officer Aparna Iyer said…
- I am happy with the growth of every parameter of the company like revenue, bookings, operating margin, cash flow, and EPS.
- Based on operational improvements, we have expanded our margins by 35 basis points and have grown by 6.8% quarter-on-quarter.
- Our operating cash flow remained strong at 132.3% of net income in the second quarter.
Wipro's shares increased by 29% in one year Wipro shares today (Thursday, October 17) closed at Rs 528.70 with a marginal decline of 0.65%. The company's shares have fallen 4.20% in a month. Whereas, it has given returns of 18.98% in 6 months and 28.51% in one year. This year i.e. from January 1 till now it has given a return of 10.80%. The market cap of the company is Rs 2.76 lakh crore.
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Wipro MD and CEO Thierry Delaporte resigns: The company has now appointed Srinivas Palliya in his place.
Wipro's managing director (MD) and chief executive officer (CEO) Thierry Delaporte resigned on 6 April. In place of Thierry Delaporte, the company has appointed Srinivas Palliya as the new CEO and MD of the company.
Thierry Delaporte was with Wipro for the last four years. He wanted to follow his profession outside the workplace, so he resigned from the company. Thierry was brought in from French tech company Capgemini to lead Wipro four years ago.
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