• Feedback
  • RSS Feed
  • Sitemap
Ommcom News
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ
No Result
View All Result
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ
No Result
View All Result
Odisha News, Odisha Breaking News, Odisha Latest News || Ommcom News
Home Business

Wipro’s Net Income Grows 21 Pc Yoy In Q2, Announces 1:1 Bonus Share

OMMCOM NEWS by OMMCOM NEWS
October 17, 2024
in Business

Bengaluru:  IT major Wipro on Thursday reported net income in the July-September period (Q2 FY25) at Rs 3,209 crore — a 6.8 per cent quarterly growth and 21.3 per cent annual growth.

The company also announced a 1:1 bonus share issue.

Gross revenue was Rs 22,300 crore ($2,662.6 million), an increase of 1.5 per cent (on-quarter) and a decrease of 1.0 per cent (YoY).

IT services segment revenue was at $2,660.1 million, an increase of 2.0 per cent (YoY) for the quarter ending September 30.

The Board of Directors recommended the issue of bonus shares to shareholders (including stock dividends to ADS holders) in the ratio of 1:1 (1 equity share for every 1 equity share held), subject to the approval of shareholders.

The company said in a statement that it expects revenue from the IT services business segment to be in the range of $2,607 million to $2,660 million for the ongoing festive quarter (Q3 FY25).

“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 billion once again, and Capco (acquired by Wipro in 2021) maintained its momentum for another consecutive quarter,” CEO and Managing Director Srini Pallia said. He said that the company will continue to invest in strategic priorities and build a strong AI-powered Wipro. The earnings per share for the quarter was at Rs 6.14, an increase of 6.8 per cent (on-quarter), announced the company.

Chief Financial Officer Aparna Iyer said the operating cash flow continues to be robust at 132.3 per cent of net income in Q2. “As a result, cumulatively in the first half of this year, we generated nearly $1 billion in operating cash flow,” she mentioned.

(IANS)

ShareTweetSendSharePinShareSend
Previous Post

CBI Books IPS Officer Bhagyashree Navtakke For Lapses In Rs 1,200cr Scam Probe

Next Post

Kangana Ranaut’s ‘Emergency’ Gets Censor Certificate, Release Date To Be Announced Soon

Related Posts

Lucknow
Business

Adani Airports Plans Big Upgrade For Lucknow International Airport, To Spend Rs 10,000 Crore

August 29, 2025
Energy Efficiency Index
Business

Maharashtra Ranks First In State Energy Efficiency Index 2024

August 29, 2025
Centre
Business

Centre Transfers Over Rs 4.28 Lakh Crore As Tax Revenue To States

August 29, 2025
Piyush Goyal
Business

India, Africa Must Double Bilateral Trade By 2030: Piyush Goyal

August 29, 2025
GDP
Business

India’s GDP Growth Accelerates To 7.8 Pc In April-June Quarter

August 29, 2025
NSE
Business

NSE To Conduct Mock Trading Session On August 30

August 29, 2025
Next Post

Kangana Ranaut’s ‘Emergency’ Gets Censor Certificate, Release Date To Be Announced Soon

1st Test: Conway Scores 91 As New Zealand End Day Two At 180/3, Lead India By 134 Runs

NHRC Orders Rs 4.5 Cr Relief For 89 Judicial Custody Death Victims In 2024-25

khimji
  • Feedback
  • RSS Feed
  • Sitemap

© 2025 - Ommcom News. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ

© 2025 - Ommcom News. All Rights Reserved.