Wipro ( (WIT) ) has issued an announcement.
On April 16, 2025, Wipro Limited announced its financial results for the quarter and year ending March 31, 2025. The company reported a 6.4% quarter-on-quarter increase in net income for Q4 and an 18.9% year-on-year increase for the fiscal year, with operating margins expanding by 1.1% for the quarter and 0.9% for the year. Despite a slight decline in IT services revenue, Wipro achieved significant growth in large deal bookings, which rose by 48.5% year-on-year in Q4. The company secured strategic deals, including a 10-year contract with Phoenix Group and a major engagement with a North American financial institution, enhancing its industry positioning and operational capabilities.
Spark’s Take on WIT Stock
According to Spark, TipRanks’ AI Analyst, WIT is a Neutral.
Wipro’s overall stock score of 67 reflects a stable financial position with strong margins and cash flow generation, despite challenges such as declining revenues and negative guidance. The technical analysis provides limited insights, and the valuation is moderate. The earnings call underscores macroeconomic challenges impacting growth, resulting in a cautious outlook.
To see Spark’s full report on WIT stock, click here.
More about Wipro
Wipro Limited is a leading technology services and consulting company based in Bangalore, India. The company specializes in IT services and solutions, focusing on consulting, digital transformation, and business process services. Wipro serves a global clientele across various industries, including financial services, manufacturing, and healthcare.
YTD Price Performance: -22.41%
Average Trading Volume: 6,222,196
Technical Sentiment Signal: Buy
Current Market Cap: $29.03B
For an in-depth examination of WIT stock, go to TipRanks’ Stock Analysis page.