Wipro Limited operates as an information technology (IT), consulting, and business process services (BPS) company worldwide. The company's IT Services segment offers a range of IT and IT-enabled services, including digital strategy advisory, customer centric design, technology consulting, IT consulting, custom application design, development, re-engineering and maintenance, systems integration, package implementation, infrastructure services, analytics services, BPS, research and development services, and hardware and software design services to various enterprises. It serves customers in various industry verticals, such as banking, financial services, and insurance; health business; consumer business; energy, natural resources, and utilities; manufacturing; technology; and communications. The company's IT Products segment distributes third-party IT products comprising enterprise platforms, networking solutions, software and data storage products, contact center infrastructure, enterprise security, IT optimization technologies, video solutions, and end-user computing solutions. The company has research collaboration agreements with Tel Aviv University for core and applied research in image and text analytics using deep learning and sparse representation models and techniques; and IISc on technologies for autonomous vehicles. Wipro Limited was founded in 1945 and is headquartered in Bengaluru, India.
Industry, Sector and Symbol
Industry Custom computer programming services
Sub-IndustryN/A
SectorComputer and Technology
Phone91-80-4672-6603
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$8.37 billion
Profitability
Miscellaneous
Employees160,000
Next Earnings Date4/24/2019 (Estimated)
OptionableOptionable
Wipro (NYSE:WIT) Frequently Asked Questions
What is Wipro's stock symbol?
Wipro trades on the New York Stock Exchange (NYSE) under the ticker symbol "WIT."
When did Wipro's stock split? How did Wipro's stock split work?
Wipro shares split on Friday, June 9th 2017. The 2-1 split was announced on Monday, June 12th 2017. The newly minted shares were distributed to shareholders after the market closes on Tuesday, April 25th 2017. An investor that had 100 shares of Wipro stock prior to the split would have 200 shares after the split.
How will Wipro's stock buyback program work?
Wipro declared that its Board of Directors has authorized a share buyback program on Friday, July 21st 2017, which authorizes the company to repurchase $1,700,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to purchase up to 6.1% of its shares through a tender offer. Shares repurchase programs are generally a sign that the company's management believes its stock is undervalued.
How were Wipro's earnings last quarter?
Wipro Limited (NYSE:WIT) released its quarterly earnings results on Friday, January, 18th. The information technology services provider reported $0.08 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.01. The information technology services provider had revenue of $2.16 billion for the quarter, compared to analyst estimates of $2.16 billion. Wipro had a net margin of 14.51% and a return on equity of 16.16%. View Wipro's Earnings History.
When is Wipro's next earnings date?
What is the consensus analysts' recommendation for Wipro?
8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Wipro in the last year. There are currently 2 sell ratings, 5 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Wipro.
Has Wipro been receiving favorable news coverage?
News coverage about WIT stock has trended positive on Friday, according to InfoTrie Sentiment Analysis. The research group ranks the sentiment of media coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Wipro earned a coverage optimism score of 2.7 on InfoTrie's scale. They also gave news stories about the information technology services provider a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an impact on the company's share price in the next few days.
Who are some of Wipro's key competitors?
Some companies that are related to Wipro include Infosys (INFY), Cognizant Technology Solutions (CTSH), Verisign (VRSN), NTT DATA CORP/ADR (NTDTY), Obic (OBIIF), EPAM Systems (EPAM), Amdocs (DOX), Aspen Technology (AZPN), Zscaler (ZS), GEMALTO NV/S (GTOMY), Sogou (SOGO), Luxoft (LXFT), Virtusa (VRTU), PROS (PRO) and Endava (DAVA).
What other stocks do shareholders of Wipro own?
Who are Wipro's key executives?
Wipro's management team includes the folowing people:
- Mr. Azim Hasham Premji, Founder, Exec. Chairman & MD (Age 73)
- Mr. Abidali Z. Neemuchwala, CEO & Exec. Director (Age 51)
- Mr. B. M. Bhanumurthy, Pres & COO (Age 54)
- Mr. Saurabh Govil, Pres & Chief HR Officer (Age 50)
- Mr. Jatin Pravinchandra Dalal, Chief Financial Officer (Age 43)
Who are Wipro's major shareholders?
Wipro's stock is owned by many different of retail and institutional investors. Top institutional investors include BlackRock Inc. (0.29%), First Trust Advisors LP (0.14%), Fisher Asset Management LLC (0.10%), ClariVest Asset Management LLC (0.03%), LMR Partners LLP (0.03%) and Bank of Montreal Can (0.03%).
Which institutional investors are selling Wipro stock?
WIT stock was sold by a variety of institutional investors in the last quarter, including BlackRock Inc., First Trust Advisors LP, Zurcher Kantonalbank Zurich Cantonalbank, SG Americas Securities LLC, Bank of Montreal Can, Connor Clark & Lunn Investment Management Ltd., Nordea Investment Management AB and Bank of America Corp DE.
Which institutional investors are buying Wipro stock?
WIT stock was acquired by a variety of institutional investors in the last quarter, including LMR Partners LLP, NINE MASTS CAPITAL Ltd, Segantii Capital Management Ltd, Fisher Asset Management LLC, D. E. Shaw & Co. Inc., ClariVest Asset Management LLC, Mirae Asset Global Investments Co. Ltd. and Jane Street Group LLC.
How do I buy shares of Wipro?
Shares of WIT can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Wipro's stock price today?
One share of WIT stock can currently be purchased for approximately $5.70.
How big of a company is Wipro?
Wipro has a market capitalization of $25.66 billion and generates $8.37 billion in revenue each year. The information technology services provider earns $1.23 billion in net income (profit) each year or $0.26 on an earnings per share basis. Wipro employs 160,000 workers across the globe.
What is Wipro's official website?
How can I contact Wipro?
Wipro's mailing address is DODDAKANAHALLI VILLAG VARTHUR HOBLI SARJAPUR RD, BANGALORE K7, 560035. The information technology services provider can be reached via phone at 91-80-4672-6603 or via email at [email protected]
MarketBeat Community Rating for Wipro (NYSE WIT)
MarketBeat's community ratings are surveys of what our community members think about Wipro and other stocks. Vote "Outperform" if you believe WIT will outperform the S&P 500 over the long term. Vote "Underperform" if you believe WIT will underperform the S&P 500 over the long term. You may vote once every thirty days.
