IT services major Wipro’s American Depository Receipts on January 12 surged almost 18% to hit a near-20-month high after the company reported its December quarter earnings.
highlights of Q3 Results in spike in prize of share prize.
1.The Bengaluru-based company reported a 12% (YoY) fall in net profit at Rs 2,694 crore for the third quarter of the current financial year.
2.Consolidated revenue came in at Rs 22,205 crore, down 4.4% YoY, below analyst estimates of Rs 22,343 crore.
3.Wipro now has a guided revenue growth of -1.5% to 0.5% for the last quarter of the financial year, ending in March 2024.
Meanwhile Sensex crossed the 73,000 points mark for the first time in its history. Wipro close on 494.60 with 6.26% gain on 15 Jan 2024.