The Latest Breaking News from WiT

With steady growth in employment during November, slower but surer interest rate hikes by the Fed to fight inflation threaten to keep markets subdued and the economy sluggish next year. Therefore, it could be wise to load up on shares of businesses with robust demand and a stable growth trajectory,…

Wipro (NYSE:WIT) has outperformed the market over the past 20 years by 2.18% on an annualized basis producing an average annual return of 9.51%. Currently, Wipro has a market capitalization of $28.68 billion.

Wipro (NYSE:WIT) has outperformed the market over the past 20 years by 2.2% on an annualized basis producing an average annual return of 9.04%. Currently, Wipro has a market capitalization of $28.78 billion.

Wipro (NYSE:WIT) has outperformed the market over the past 20 years by 2.23% on an annualized basis producing an average annual return of 9.52%. Currently, Wipro has a market capitalization of $33.24 billion.

Given the ongoing market uncertainties owing to the planned rate hikes to control the multi-decade high inflation and rising odds of a recession, it could be wise to avoid Under Armour (UAA), Winnebago Industries (WGO), Thor Industries (THO), The Bank of New York Mellon (BK) and Wipro (WIT), which analysts…

The stock market has been under immense pressure due primarily to surging inflation, the Fed's aggressive interest rate increase, and geopolitical tensions. However, we think now could be an opportune time to scoop up fundamentally sound large-cap stocks Trimble (TRMB), Wipro Limited (WIT0), STMicroelectronics (STM), and James Hardie Industries (JHX).…

Wipro Limited (NYSE:WIT) reported fourth-quarter FY22 gross revenue of $2.75 billion, an increase of 28.4% Y/Y, which missed the consensus of $2.8 billion. IT Services revenue grew 26.4% Y/Y (3.1% Q/Q) to $2.7 billion. Non-GAAP constant currency IT Services segment revenue grew 28.5% Y/Y. IT Services Operating Margin for the quarter was at…

The technology industry has garnered significant investor attention since the onset of the COVID-19 pandemic. And the industry is expected to continue benefiting from increasing spending on tech upgrades and ongoing digitization across industries. However, the broader market sell-off since the beginning of the year has caused fundamentally sound tech…