WIPRO ADR
Infosys guidance shock may hit stock despite numbers bounce
Infosys released its quarterly results, showing good revenue growth and stable operating margins. However, the management reduced the annual revenue guidance due to competitive pressures. The company secured a significant $2 billion deal, boosting its total contract value to $5.2 billion. Despite positive performance from some sectors, weaknesses in others contributed to the cautious outlook. The market response led to a rise in the stock price, affecting valuation metrics.
Infosys, TCS, Wipro and other IT stocks rise up to 4%. Here are 3 important triggers to watch
IT stocks including TCS, Infosys, Wipro, HCLTech, Tech Mahindra, Coforge and Persistent Systems rose up to 4% on Friday. The gains came amid a confluence of factors, including second-quarter earnings and the US suspension of a certification programme. TCS and Wipro were among the key gainers, while midcap IT stocks also saw strong buying interest during the session.
Stocks in news: TCS, ITC, Infosys, Cochin Shipyard and RIL
On Thursday, the financial markets took a hit, plummeting by almost 1.5% due to robust selling pressure. The Nifty index wavered near its April 2026 low, suggesting ongoing vulnerabilities. In a positive twist, TCS announced a notable 15% rise in its consolidated net profit for the second quarter. Meanwhile, ITC engaged in a substantial block trade, while shares of Infosys and Wipro faced declines during US market hours.
Infosys, Wipro ADRs fall nearly 3% after TCS earnings, US crackdown on H-1B-linked green card programme
Infosys and Wipro ADRs fell nearly 3% in US trading as investors assessed TCS’s quarterly results and fresh US immigration restrictions. Concerns over technology spending, AI disruption and tighter employment-based immigration added pressure to Indian IT stocks.
TCS, Infosys and other IT stocks in focus after Accenture Q4 revenue, outlook beat estimates
Indian IT stocks including TCS and Infosys are in focus following Accenture's strong Q4 results and above-estimate revenue guidance. While the outlook signals potential recovery in discretionary technology spending, analysts warn that Indian IT firms may still report their weakest Q2 growth in three years amid AI-led pricing pressures.
Blockbuster Accenture show holds out hope for battered Indian IT
Accenture's latest financial performance has sparked renewed optimism among investors in the Indian IT sector. The strong results hint at a revival in client discretionary spending. Analysts underscore the need for Indian IT firms to enhance their artificial intelligence capabilities to successfully tackle upcoming challenges. Accenture's forecast suggests improved market conditions and steady margins, painting a picture of a resilient industry.
- Go To Page 1
IT firms reboot fresher hiring, but experienced pros hold upper hand
Fresher hiring, which fell to a record low of around 110,000 in FY26, will reach 115,000 to 135,000 this fiscal year, according to recruitment firm Quess Group’s estimates. This marks a likely increase of 4.5-22.7%.
Infosys, Wipro ADRs soar up to 8% as strong Accenture earnings forecast lifts mood
Infosys and Wipro ADRs rallied in US premarket trading after Accenture forecast stronger-than-expected annual revenue growth. Its upbeat outlook eased concerns over global technology spending, while steady consulting, managed-services and AI demand improved sentiment toward Indian IT exporters.
Wipro shares gain 2% after IT major expands Google Cloud AI partnership. What investors should know
Wipro's stock experienced an uptick following its announcement of an enhanced partnership with Google Cloud. The goal of this collaboration is to foster greater enterprise integration of Gemini Enterprise and agentic AI. Wipro plans to arm over ten thousand AI-certified professionals with cutting-edge resources, while launching the LIFT framework to streamline AI transformations, aiming to evolve from mere automation to fully autonomous AI capabilities.
Stocks in news: Wipro, Lenskart, Tata Motors PV, Ather Energy and Kotak Bank
On Thursday, Indian markets faced downward pressure as they wrapped up trading lower amid mixed signals from global economies. Notably, Wipro's stock saw gains following its expanded partnership with Google Cloud aimed at enhancing AI implementation. Meanwhile, Lenskart's current investor is set to sell shares worth up to Rs 1,313 crore.
Wipro ADRs rise 5% after company expands Google Cloud AI partnership
Wipro ADRs gained 5% pre-market after expanding its Google Cloud partnership to scale Gemini Enterprise and agentic AI adoption. The company will deploy AI internally, train 10,000 specialists and help enterprises embed autonomous agents across core business workflows.
Infosys, Wipro ADRs crash up to 7% as IBM warning sends ripples across IT sector
Infosys and Wipro ADRs fell after IBM forecast weaker-than-expected quarterly revenue, signalling enterprise spending is shifting from software to AI infrastructure. The warning heightened concerns over discretionary technology budgets, deal delays and growth prospects for Indian IT companies.
Infosys ADRs crash over 8%, Wipro falls 6% after Accenture cuts annual revenue forecast
Infosys and Wipro ADRs plunged following Accenture’s reduced FY26 revenue forecast. This downgrade highlights enterprise caution regarding discretionary IT spending, impacting Indian IT giants despite their AI investments and ongoing transformation projects, overshadowing recent cybersecurity acquisitions.
Infosys ADRs tumble 5%, Wipro slips over 3% as Wall Street rattled by inflation data and AI fears
Infosys and Wipro ADRs tumbled on the NYSE amid AI-driven fears and higher-than-expected US wholesale inflation. Block's CEO Jack Dorsey announced significant workforce reductions, citing AI's potential to enable smaller teams to achieve more, a move that boosted Block's stock. European markets mostly mirrored the pessimistic sentiment.
Infosys ADRs plunge over 7%, Wipro down 5% as tech turbulence deepens on Wall Street
Infosys’ American Depositary Receipts (ADRs) slumped more than 7% on Thursday, touching an intraday low of $14.59 in early trade, while Wipro’s ADRs fell 5.4% to $2.26. The sharp decline follows a steep sell-off in IT stocks on Indian exchanges, with weakness spilling over to Wall Street.
Infosys, Wipro shares down 2-3% as Anthropic shock continues to haunt investors
Indian IT stocks like Infosys and Wipro saw significant drops following a sharp decline in their US ADRs. Investor concerns are mounting over AI's potential to disrupt legal services and other sectors, leading to fears of increased competition and margin pressure for IT firms.
Infosys, Wipro ADRs decline up to 4% amid Trump’s proposal for $100,000 annual H-1B visa fee
American Depositary Receipts of Infosys and Wipro faced a decline. This followed the Trump administration's plan. The plan proposed a $100,000 annual fee for each H-1B visa. The policy could significantly impact companies. These companies rely on foreign skilled workers. The proposed fee is part of a broader immigration overhaul.
Wipro ADR surges over 5% after Q1 profit grows 11%
Wipro ADRs rose over 5% as the company reported an 11% YoY increase in Q1FY26 net profit to ₹3,330 crore, exceeding Street estimates. Revenue grew 0.7% to ₹22,134 crore.
Infosys, Wipro ADRs surge up to 3% as Wall Street major indices discount Israel-Iran tensions
Wall Street indices surged, boosting Infosys and Wipro ADRs. Dow, S&P 500, and Nasdaq also saw gains. Crude oil prices fell, easing global market concerns. Indian IT stocks led a domestic market rally, reversing a losing streak. Sensex and Nifty closed higher. Markets are cautiously optimistic despite ongoing Israel-Iran tensions, hoping for oil price stabilization after recent escalations.
Wipro ADRs plunge 7% despite 26% YoY PAT growth in Q4
Wipro ADRs fell 7% despite a 26% YoY jump in Q4FY25 net profit to Rs 3,570 crore. Weak Nasdaq cues and flat revenue growth tempered investor sentiment.
Infosys, Wipro ADRs fall by 3% after Accenture raises full-year revenue forecast
Infosys and Wipro ADRs fell after Accenture raised the lower end of its annual revenue forecast, reflecting strong demand for AI and cloud migration services. Accenture’s results indicate broader IT sector trends ahead of India’s earnings season in April.
Infosys, Wipro ADRs jump 3% on Accenture's Q1 revenue beat, guidance
Infosys and Wipro ADRs surged nearly 3% after Accenture's strong Q1 earnings beat. Accenture's revenue growth was driven by increased demand for AI-powered services. This positive sentiment boosted investor confidence in Indian IT companies.
Wipro ADRs fall nearly 12% on Q1 revenue drop even as PAT beats estimates
The IT major exceeded analysts' expectations with a consolidated net profit of Rs 3,003 crore for the quarter ending June 30, 2024. This marks a 4.6% increase compared to that in the same period last year.
Wipro ADRs jump 4% despite Q4 PAT decline, softer guidance
Wipro’s revenue from operations in the reporting period declined 4% YoY to Rs 22,208 crore, compared with Rs 23,190 crore in the corresponding period of last year.
ADRs of Wipro, Infosys slump as Accenture cuts guidance on clouded outlook
The IT industry has been grappling with sluggish demand for software and consulting services as high interest rates discouraged enterprises from discretionary spending.
Wipro ADRs jump 16% after Q3 results meet expectations
The spillover of positive sentiments around Indian IT stocks, after decent third-quarter results by peers Infosys and TCS, is likely reflected in the sharp surge of ADRs of Wipro.
Infosys, Wipro ADRs slump on NYSE as Accenture offers bleak growth outlook
Accenture, which released its earnings for the three months ended August, guided a meagre 2-5% growth in annual revenue in the backdrop of a subdued business environment for IT services.
Wipro trades 1:1 ex-bonus; shares slip over 1%
The scrip was trading 0.38 per cent down at Rs 262.15 in early morning trade.
Wipro ADRs slide 7% on NYSE; shares jump over 3% on BSE
Shares of Wipro slumped seven per cent on the New York Stock Exchange on Thursday even as the IT major jumped over 3 per cent on the domestic bourses, amid reports of the company's likely launch of USD 1 billion sponsored ADR issue.
Load More
