Morgan Stanley in its note said that they expect the stock's relative underperformance to continue as revenue growth lags behind peers, with limited visibility of any near-term improvement.

The Q3FY25 guidance was muted due to furloughs and softness in key regions, particularly in Europe. Sectors like manufacturing and energy remain soft, with signs of a potential revival but no immediate turnaround.

Wipro , India's fourth-largest software company, posted higher-than-expected second-quarter revenue on Thursday, helped by a revival in spending by its clients in the U.S. communications sector.

IT firm Wipro Ltd. on Thursday posted a 6.2% sequential rise in its net profit to Rs 3,227 crore in the quarter ended Sept. 30, 2024, which is higher than the consensus estimate of Rs 3,009 crore shared by analysts tracked by Bloomberg.

Wipro reported a 21.2 per cent rise in consolidated net profit to Rs 3,208.8 crore for Q2 FY25, while revenue slightly declined by 0.95 per cent to Rs

IT company Wipro on Thursday reported a 21.2 per cent increase in its consolidated net profit to Rs 3,208.8 crore for the second quarter of FY25. It had reported a profit of Rs 2,646.3 crore in the year-ago period.

Gross revenue stood at Rs 22,300 crore, marking a 1.5% increase quarter-on-quarter and a 1% decline year-on-year. IT services segment revenue reached $2,660.1 million, up 1.3% QoQ and down 2% YoY.

Wipro posted its earnings for the quarter ended September on Thursday evening after market close. What Happened: Wipro posted a consolidated net profit of ₹3,208.8 crore, a 21% jump from the ₹2,646 crore net profit posted in the same quarter last year.