Wipro Ltd Share Price – NSE  / BSE

IT - Software, Mid Cap

In October, the IT major's board recommended issuing one bonus equity share for every equity share held (1:1). Additionally, they recommended a bonus issue of 1 American Depositary Share (ADS) for every 1 ADS held, as on the record date.

Wipro is a leading technology services and consulting company focused on building innovative solutions that address clients' most complex digital transformation needs.

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.

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.

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Wipro has fixed 03 December 2024 as record date for purpose of determining the equity shareholders of the Company eligible for bonus equity shares (including Stock Dividend on ADS) of the Company.

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Wipro has allotted 1,42,688 equity shares under ADS Restricted Stock Unit Plan 2004 and 1,97,219 equity shares under the Restricted Stock Unit Plan 2007 on 21 November 2024, pursuant to exercise of ESOPs.

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Wipro and Lineaje, today announced a collaboration to help enterprises secure the open-source components within their software applications. Recently, Wipro's corporate investment arm - Wipro Ventures - invested in Lineaje, a US based software supply chain security company.

Wipro will leverage Lineaje's Open-Source Manager and SBOM360 Hub to empower enterprises with a comprehensive service to continuously identify and neutralize critical open-source vulnerabilities within software they source, build, and use. This offering is built upon Lineaje's advanced capabilities to meticulously analyze software components, expose each component's known and hidden dependencies, and assess the vulnerabilities and risks within each component. This granular visibility allows for the verification of the entire supply chain's authenticity, proactive elimination of vulnerabilities at their source, and detection and remediation of potential compromises in the software supply chain.

“Supply chain attacks often target services from third-party vendors and open-source software inside a company's technology stack. Bringing together Lineaje's AI-driven capabilities and Wipro's deep understanding of risk and compliance landscape, we reaffirm our commitment to secure the modern enterprise and the lifecycle of modern software development,” said Nikos Anerousis, Vice President, Engineering Edge, Wipro.

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