Wipro Ltd

About Wipro Share Price

Wipro Ltd is a leading global IT services, consulting, and BPS company. The head office is in Bangalore, India, and the company has operations in many continents, providing a wide range of technology solutions and services. These include services related to digital strategy and consulting, custom application development, systems integration, and maintenance, amongst other similar services. Wipro share price has shown fluctuations over the past few months, reflecting changes in market sentiment and company performance. Investors looking to track Wipro share price NSE can view real-time updates and historical data on the National Stock Exchange of India’s website. Additionally, for those interested in Wipro's performance on the Bombay Stock Exchange, the Wipro share price BSE can be monitored through the BSE’s official platform. Further, the latest Wipro stock price is found on various financial news websites and trading platforms, providing insights into current trading levels. To get the most recent update, check the Wipro Ltd share price today, which reflects the latest trading activity and market conditions. 

History of Wipro Ltd 

Incorporated in 1945 by Mr. M.H. Hasham Premji, Wipro Ltd started as a manufacturer of vegetable oil in India. Over the succeeding decades, this company transformed itself from its modest beginnings in the consumer goods sector into a global corporation providing IT services. Under the leadership of Mr. Azim Premji, Wipro made a very crucial shift into the realm of IT and computing in the early 1980s. Thus began Wipro's journey as a major technology player. By the turn of the decade, it had grown into a leading provider of IT services and branched out both into various international geographies and diversified service lines. 

Today, Wipro stands as one of the fourth largest Indian IT services companies after TCS, Infosys, and HCL Technologies. The company has been highly proactive towards incorporating high-level technologies into its lines of services, with a core focus on the main areas including the development of artificial intelligence, cloud computing, and cybersecurity, among other high-tech areas. Wipro, through its commitment to innovation and client-centric solutions, is amongst the leading contributors to the global IT environment. 

Business Segments of Wipro Ltd

Broadly, operations at Wipro can be said to fall into two large segments: IT Services and IT Products.

IT Services Segment

The IT Services segment is the bedrock of the business of Wipro, accounting for approximately 99.7% of its revenues in Q1 FY25, from 98% in FY20. This comprises a wide array of services regarding consulting on digital strategy advisory, designing and developing custom applications, systems integration, and consulting. Despite challenges in the macroeconomic environment, Wipro has managed incremental improvements in operating profit margins. Operating profit margins increased to 16% in FY24 from 15.6% in FY23 and further increased to 16.5% in Q1 FY25 led by a decline in subcontracting costs and operational efficiencies. 

IT Products

The IT Products segment, which accounted for only about 0.3% of revenue in Q1 FY25 against around 2% in FY20, provides third-party IT products. These include computing platforms, networking solutions, enterprise information security, and software products. A decline in the revenue of this segment by 32% YoY in FY24 reflects a strategic shift toward the selling of IT products as part of the firm's IT services rather than as pure product sales. This change also aligns with Wipro's focus on enhancing the service-oriented approach and adopting a selective strategy in system integration engagements. 

Financial Performance of Wipro Ltd

• Wipro's revenue fell by 3.8% year-on-year, while profit grew by 4.64% over the same period. 
• Compared to the previous quarter, revenue dropped by 1.1%, but profit saw a rise of 5.95%. 
• Selling, general, and administrative expenses surged by 12.68% quarter-on-quarter, though they decreased by 7.78% year-on-year. 
• Operating income showed positive movement, increasing by 1.97% from the previous quarter and by 4.5% year-on-year. 
• The earnings per share (EPS) for Q1 was ₹5.73, reflecting a 6.3% year-on-year increase.

Key Personnel of Wipro Ltd 

• Mr. Rishad Premji is the Executive Chairman of the company.
• Mr. Srini Pallia serves as the Chief Executive Officer & Managing Director.
• Mr. Azim H. Premji holds the position of Founder Chairman.
• Mr. Patrick Dupuis is an Independent Director.
• Mr. Päivi Rekonen is an Independent Director.
• Dr. Patrick J. Ennis is an Independent Director.
• Mr. N. S. Kannan is an Independent Director.