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
Stock Exchange NYSE
Industry Custom computer programming services
Sub-IndustryN/A
SectorComputer and Technology
SymbolNYSE:WIT
CUSIPN/A
Phone91-80-4672-6603
Debt
Debt-to-Equity Ratio0.09
Current Ratio2.53
Quick Ratio2.51
Price-To-Earnings
Trailing P/E Ratio20.50
Forward P/E Ratio19.04
P/E Growth2.73
Sales & Book Value
Annual Sales$8.37 billion
Price / Sales2.87
Cash Flow$0.3454 per share
Price / Cash15.43
Book Value$1.66 per share
Price / Book3.21
Profitability
EPS (Most Recent Fiscal Year)$0.26
Net Income$1.23 billion
Net Margins14.66%
Return on Equity15.89%
Return on Assets10.35%
Miscellaneous
Employees160,000
Outstanding Shares4,501,760,000
Market Cap$23.99 billion
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."
How often does Wipro pay dividends? What is the dividend yield for Wipro?
Wipro declared a dividend on Friday, January 19th. Shareholders of record on Thursday, February 1st will be given a dividend of $0.016 per share on Thursday, February 1st. The ex-dividend date of this dividend is Wednesday, January 31st. This is an increase from Wipro's previous dividend of $0.01. View Wipro's Dividend History.
When did Wipro's stock split? How did Wipro's stock split work?
Wipro's stock split before market open on Friday, June 9th 2017. The 2-1 split was announced on Monday, June 12th 2017. The newly created shares were issued to shareholders after the closing bell 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 announced that its Board of Directors has approved a stock repurchase program on Friday, July 21st 2017, which allows the company to buyback $1,700,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to reacquire up to 6.1% of its stock through a tender offer. Stock buyback programs are generally an indication that the company's board of directors believes its shares are undervalued.
How were Wipro's earnings last quarter?
Wipro Limited (NYSE:WIT) issued its earnings results on Friday, July, 20th. The information technology services provider reported $0.07 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.06 by $0.01. The information technology services provider had revenue of $2.04 billion for the quarter, compared to analysts' expectations of $2.10 billion. Wipro had a net margin of 14.66% and a return on equity of 15.89%. View Wipro's Earnings History.
When is Wipro's next earnings date?
What is the consensus analysts' recommendation for Wipro?
7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Wipro in the last year. There are currently 2 sell ratings, 3 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Wipro.
Who are some of Wipro's key competitors?
Some companies that are related to Wipro include Cognizant Technology Solutions (CTSH), Infosys (INFY), NTT DATA Corp/ADR (NTDTY), Verisign (VRSN), Amdocs (DOX), Obic (OBIIF), Aspen Technology (AZPN), EPAM Systems (EPAM), GEMALTO NV/S (GTOMY), Zscaler (ZS), Syntel (SYNT), Sogou (SOGO), Callidus Software (CALD), Luxoft (LXFT) and Virtusa (VRTU).
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, CFO & Sr. VP (Age 43)
Who are Wipro's major shareholders?
Wipro's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (0.49%), First Trust Advisors LP (0.21%), Schroder Investment Management Group (0.10%), Schroder Investment Management Group (0.10%), Fisher Asset Management LLC (0.09%) and Aperio Group LLC (0.06%).
Which institutional investors are selling Wipro stock?
WIT stock was sold by a variety of institutional investors in the last quarter, including Schroder Investment Management Group, Schroder Investment Management Group, Aperio Group LLC, Fisher Asset Management LLC, Zurcher Kantonalbank Zurich Cantonalbank, Hexavest Inc., Northern Trust Corp and ClariVest Asset Management LLC.
Which institutional investors are buying Wipro stock?
WIT stock was acquired by a variety of institutional investors in the last quarter, including First Trust Advisors LP, BlackRock Inc., Bank of Montreal Can, Unigestion Holding SA, CSat Investment Advisory L.P., Acadian Asset Management LLC, Eqis Capital Management Inc. and SG Americas Securities 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 $5.33.
How big of a company is Wipro?
Wipro has a market capitalization of $23.99 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.
