Wipro has granted 49,167 Restricted Stock Units under Company's ADS Restricted Stock Unit Plan 2004 to identified employee(s) of its subsidiary company. This grant is effective from 22 October 2024.Powered by Capital Market - Live

Wealthtime, the adviser-focused platform business, has agreed a partnership with Wipro and its global technology partner GBST to deliver a market leading, digital-first platform and innovative customer-centric service offering. The move supports the group's long-term growth ambitions and draws on Wipro's extensive technology and operational expertise to ensure that it continues to meet the evolving needs of advisers and their clients. The deal will see the Wealthtime and Wealthtime Classic platforms brought together under one brand on a significantly enhanced platform, powered by GBST technology. Under the agreement, Wipro and GBST will employ a joint co-delivery model to provide end-to-end platform services. Wipro brings a wealth of experience in operational excellence and digital transformation with major global brands across multiple sectors, including UK financial services, to fast-track Wealthtime's service and technology transformation. The deal also extends the group's 15-year technology partnership with GBST, with the platform undertaking an accelerated enhancement in 2025. Further continuous updates will be implemented to the platform to futureproof Wealthtime's technology for their customers. Under the deal, Wealthtime's Operations and Technology & Change functions will transfer to Wipro's newly established UK centre of excellence for business processing, based in the Southwest area. Transferring these functions will allow Wealthtime to leverage Wipro's advanced technology and substantial IT and AI experience to continually improve service standards and front-end applications. Platform users will benefit from significant enhancements to the Adviser and Investor Zones, alongside a streamlined service provision. Through extensive automation, the platform will aim to reduce manual effort, enabling advisers to focus on higher value work, and generate more in-depth insights for their customers.Powered by Capital Market - Live

Ericsson and Wipro today announced the successful transformation of the billing experience for all Odido brand mobile customers in the Netherlands by migrating to the cloud-native Ericsson Billing platform hosted on Amazon Web Services (AWS). This achievement allows Odido to offer innovative 5G services, including the newly-launched Klik&Klaar fixed-wireless access (FWA) solution, with improved operational efficiency and customer experience. The migration, completed in August 2024, transitioned 5 million customers over a single weekend. The migration to Ericsson Billing follows the earlier transition of 700,000 Ben MVNO users in November 2023, marking a major milestone in Odido's modernization. The successful migration means all Odido's mobile customers, whether B2B or B2C, are now served by Ericsson Billing, hosted on AWS. The project was executed with Wipro as an end-to-end system integrator, working in close collaboration with Ericsson and Odido to design and implement the solution. The seamless integration into Odido's IT landscape lowers Odido's technical debt, simplifies the customer journey, and reduces operating costs. Powered by Capital Market - Live

The board of directors recommended bonus equity shares in the proportion of 1 bonus equity share for every 1 equity share held (1 :1) and a bonus issue [stock dividend on American Depositary Share (ADS)] of 1 ADS for every 1 ADS held, as on the record date, subject to approval of the members of the company. Further, the company reported Q2 & H1 FY25 earnings. The IT giant's consolidated net profit grew 6.85% to Rs 3,208.8 crore on 1.54% rise in revenue from operations to Rs 22,301.6 crore in Q2 FY25 over Q1 FY25. On year on year (YoY) basis, the IT firm's net profit grew 21.26% while revenue fell 0.95% in Q2 FY25. Profit before tax was at Rs 4,277.8 crore during the quarter, up 6.37% quarter on quarter (QoQ) and up 21.9% YoY. In dollar terms, Wipro's gross revenue stood at $2,662.6 million in Q2 FY25, up 1.5% QoQ while down 1% YoY. IT services segment revenue was at $2,660.1 million, up 1.3% QoQ while down 2% YoY. IT services operating margin for the quarter was at 16.8%, registering a growth of 0.3% QoQ and 0.7% YoY. Non-GAAP constant currency IT services segment revenue grew 0.6% QoQ but down 2.3% YoY. For the quarter ending 31 December 2024, Wipro expects revenue from its IT Services business segment to be in the range of $2,607 million to $2,660 million. This translates to sequential guidance of -2% to 0% in constant currency terms. During the quarter, the IT company's total booking was at $3,561 million. Large deal bookings stood at $1,489 million, registering a growth of 28.8% QoQ and 16.8% YoY in constant currency. The company said that its closing employee count in IT Services stood at 233,889. Voluntary attrition was at 14.5% on a trailing 12-month basis. Srini Pallia, CEO and managing director, said 'Based on strong execution in Q2, we met our expectations for revenue growth, bookings, and margins. We continued to expand our top accounts, large deal bookings surpassed $1 Bn once again, and Capco maintained its momentum for another consecutive quarter. We grew in three out of four markets, as well as, in BFSI, Consumer and Technology and Communications sectors. We will continue to invest in our clients, our strategic priorities, and building a strong AI powered Wipro.' Aparna Iyer, chief financial officer, said 'I am pleased with our performance across all parameters including revenue, bookings, operating margin, cash flow and EPS. On the back of operational improvements, we further expanded our margins by 35 basis points and our EPS grew 6.8% QoQ. Our operating cash flow continues to be robust at 132.3% of net income in Q2. As a result, cumulatively in the first half of this year we generated nearly $1B in operating cash flow.' Wipro is a leading technology services and consulting company focused on building innovative solutions that address clients' most complex digital transformation needs. Powered by Capital Market - Live

The Board of Wipro at its meeting held on 17 October 2024 has recommended bonus issue of 1:1. Powered by Capital Market - Live

However, revenue from operations increased 1.54% to Rs 22,301.6 crore in the September 2024 quarter as against Rs 21,963.8 crore reported in the preceding quarter same year. On year on year (YoY) basis, the IT firm's net profit grew 21.26% while revenue fell 0.95% in Q2 FY25. Profit before tax was at Rs 4,277.8 crore during the quarter, up 6.37% quarter on quarter (QoQ) and up 21.9% YoY. In dollar terms, Wipro's gross revenue stood at $2,662.6 million in Q2 FY25, up 1.5% QoQ while down 1% YoY. IT services segment revenue was at $2,660.1 million, up 1.3% QoQ while down 2% YoY. IT services operating margin for the quarter was at 16.8%, registering a growth of 0.3% QoQ and 0.7% YoY. Non-GAAP constant currency IT services segment revenue grew 0.6% QoQ but down 2.3% YoY. For the quarter ending 31 December 2024, Wipro expects revenue from its IT Services business segment to be in the range of $2,607 million to $2,660 million. This translates to sequential guidance of -2% to 0% in constant currency terms. During the quarter, the IT company's total booking was at $3,561 million. Large deal bookings stood at $1,489 million, registering a growth of 28.8% QoQ and 16.8% YoY in constant currency. The company said that its closing employee count in IT Services stood at 233,889. Voluntary attrition was at 14.5% on a trailing 12-month basis. Srini Pallia, CEO and managing director, said 'Based on strong execution in Q2, we met our expectations for revenue growth, bookings, and margins. We continued to expand our top accounts, large deal bookings surpassed $1 Bn once again, and Capco maintained its momentum for another consecutive quarter. We grew in three out of four markets, as well as, in BFSI, Consumer and Technology and Communications sectors. We will continue to invest in our clients, our strategic priorities, and building a strong AI powered Wipro.' Aparna Iyer, chief financial officer, said 'I am pleased with our performance across all parameters including revenue, bookings, operating margin, cash flow and EPS. On the back of operational improvements, we further expanded our margins by 35 basis points and our EPS grew 6.8% QoQ. Our operating cash flow continues to be robust at 132.3% of net income in Q2. As a result, cumulatively in the first half of this year we generated nearly $1B in operating cash flow.' Meanwhile, the board recommended bonus equity shares in the proportion of 1 bonus equity share for every 1 equity share held (1 :1) and a bonus issue [stock dividend on American Depositary Share (ADS)] of 1 ADS for every 1 ADS held, as on the record date, subject to approval of the members of the company. Wipro is a leading technology services and consulting company focused on building innovative solutions that address clients' most complex digital transformation needs. The scrip fell 0.65% to end at Rs 557.25 on the BSE. Powered by Capital Market - Live

Net profit of Wipro rose 21.26% to Rs 3208.80 crore in the quarter ended September 2024 as against Rs 2646.30 crore during the previous quarter ended September 2023. Sales declined 0.95% to Rs 22301.60 crore in the quarter ended September 2024 as against Rs 22515.90 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales22301.6022515.90 -1 OPM %20.1917.63 - PBDT5108.604406.20 16 PBT4277.803509.20 22 NP3208.802646.30 21 Powered by Capital Market - Live

The domestic equity barometers extended gains in morning trade. The Nifty traded near the 25,100 level. Bank shares advanced after declining in the previous trading session. At 10:30 ST, the barometer index, the S&P BSE Sensex, advanced 431.71 points or 0.54% to 81,831.17. The Nifty 50 index added 133.20 points or 0.54% to 25,098.45. In the broader market, the S&P BSE Mid-Cap index fell.18% and the S&P BSE Small-Cap index shed 0.10%. The market breadth was positive. On the BSE, 1,877 shares rose and 1,515 shares fell. A total of 145 shares were unchanged. Economy: India's forex reserves dropped by $3.709 billion to $701.176 billion for the week ended October 4, the RBI said on Friday. In the previous reporting week, the reserves had jumped by $12.588 billion to an all-time high of $704.885 billion. The foreign currency assets, a major component of the reserves, decreased by $3.511 billion to $612.643 billion, the data released on Friday showed. Gold reserves decreased by $40 million to $65.756 billion during the week, the RBI said. The Special Drawing Rights (SDRs) were down by $123 million to $18.425 billion. India's reserve position with the IMF was down by $35 million to $4.352 billion in the reporting week, the apex bank data showed. Buzzing Index: The Nifty Bank index added 0.96% to 51,664.10. The index fell 0.70% in the past trading session. Federal Bank (up 2.59%), HDFC Bank (up 1.64%), Kotak Mahindra Bank (up 1.23%), IDFC First Bank (up 0.95%) and IndusInd Bank (up 0.84%), State Bank of India (up 0.81%), Canara Bank (up 0.74%), Bank of Baroda (up 0.71%), ICICI Bank (up 0.56%) and Punjab National Bank (up 0.31%) edged higher. Stocks in Spotlight: Wipro added 1.97% after the company said that its board will meet on 16-17 October 2024 to consider bonus issue to equity shareholders. Metropolis Healthcare fell 1.28% after Rakesh Agarwal, chief financial officer and key managerial personnel of the company resigned from his position with effect from 10 November 2024 due to some personal priorities. PNC Infratech gained 3.42% after the company received an order worth Rs 2,039.61 crore from the City & Industrial Development Corporation of Maharashtra (CIDCO) for infra-development in Navi Mumbai's NAINA region. Powered by Capital Market - Live

The announcement was made after market hours on Sunday. Wipro is a leading technology services and consulting company focused on building innovative solutions that address clients' most complex digital transformation needs. The IT major's consolidated net profit grew 5.95% to Rs 3,003.2 crore in Q1 FY25 as against Rs 2,834.6 crore recorded in Q4 FY24. revenue from operations declined 1.1% to Rs 21,963.8 crore in the June quarter as against Rs 22,208.3 crore reported in the preceding quarter same year.Powered by Capital Market - Live

Wipro has allotted 32,892 equity shares under ADS Restricted Stock Unit Plan 2004 and 38,858 equity shares under the Restricted Stock Unit Plan 2007 on 07 October 2024, pursuant to exercise of ESOPs.Powered by Capital Market - Live