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Less Than One Hour Before The NYSE Open, Wipro Limited Is Down By 6%

ViaNews Editorial Team

January 16, 2024

Less Than One Hour Before The NYSE Open, Wipro Limited Is Down By 6%

(VIANEWS) - The NYSE opens in less than one hour and Wipro Limited's pre-market value is already 6.37% down.

Wipro Limited's last close was $6.28, 1.72% below its 52-week high of $6.39.

The last session, NYSE ended with Wipro Limited (WIT) rising 16.95% to $6.28. NYSE jumped 0.11% to $16,799.54, following the last session's upward trend on what was a somewhat bullish trend exchanging session.

About Wipro Limited

Wipro Limited operates as an information technology (IT), consulting, and business process services company worldwide. It operates through three segments: IT Services, IT Products, and India State Run Enterprise Services (ISRE). The IT Services segment offers IT and IT-enabled services, including digital strategy advisory, customer-centric design, technology and IT consulting, custom application design, development, re-engineering and maintenance, systems integration, package implementation, cloud and infrastructure, business process, cloud, mobility and analytics, research and development, and hardware and software design services to enterprises. It serves customers in various industry sectors, such as healthcare and medical devices, consumer goods and life sciences, retail, transportation and services, communications, media and information services, technology products and platforms, banking, financial services and insurance, manufacturing, hi-tech, energy, and utilities. The IT Products segment provides a range of 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. It serves enterprises in various industries primarily in the Indian market, which comprise the government, defense, IT and IT-enabled services, telecommunications, manufacturing, utilities, education, and financial services sectors. The ISRE segment offers IT services to entities and departments owned or controlled by the Government of India and/or various Indian State Governments. It also provides cybersecurity consulting services. The company has a partnership with ServiceNow, Inc. to develop Wipro CyberTransform - Intelligent ServiceNow Risk and Security Solutions. The company was incorporated in 1945 and is based in Bengaluru, India.

Earnings Per Share

As for profitability, Wipro Limited has a trailing twelve months EPS of $0.26.

PE Ratio

Wipro Limited has a trailing twelve months price to earnings ratio of 24.15. Meaning, the purchaser of the share is investing $24.15 for every dollar of annual earnings.

Earnings Before Interest, Taxes, Depreciation, and Amortization

Wipro Limited's EBITDA is 0.59.

Revenue Growth

Year-on-year quarterly revenue growth declined by 4.4%, now sitting on 907.42B for the twelve trailing months.

More news about Wipro Limited (WIT).

In this story · Knowledge Files

ViaNews Editorial Team

Via News Editorial Team delivers comprehensive financial news coverage and market analysis from journalists around the world. Our team specializes in data journalism and in-depth reporting on stock markets, business developments, and economic trends.

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