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WIT

Wipro Limited

5/22/2013, 9:03 PM ET

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Friday, April 19, 12:44 AM Wipro (WIT): FQ4 Adj. Net income of $316M. Revenue of $2.02B (+12% Y/Y). (PR) Comment! [Earnings, Breaking News, Tech]
Thursday, April 18, 12:10 AM Notable earnings after Thursday’s close: ACTG, ALGN, AMD, BGS, CBST, CE, CMG, COF, CPHD, ETFC, GOOG, IBM, ISRG, LSCC, MSFT, RMBS, VMI, WIT Comment! [Earnings]
Wednesday, April 17, 5:35 PM Notable earnings after Thursday’s close: ACTG, ALGN, AMD, BGS, CBST, CE, CMG, COF, CPHD, ETFC, GOOG, IBM, ISRG, LSCC, MSFT, RMBS, VMI, WIT Comment! [Earnings]
Friday, April 12, 9:32 AM IBM (IBM -1.1%) and Wipro (WIT -5.7%) join the list of stocks affected by Infosys' (INFY -17.7%) revenue miss and light FY14 (ends March '14) guidance. In addition to forecasting soft revenue, the Indian outsourcing giant says it expects its pricing and margins to be pressured over the near-term, though the company's deal pipeline is said to be slightly better than what it was a year ago. Is the weakness simply a result of macro and government budget issues, or are cloud services also taking a toll? 1 Comment [Tech, Earnings, On the Move]
Friday, January 18, 2:54 AM Wipro (WIT): FQ3 net profit +18% to 17.16B rupees ($316M) vs consensus of 16.45B rupees. Revenues +10% to 109.89B rupees vs 109.5B rupees. IT-service revenues +2.4% Q/Q to $1.577B. Expects FQ4 IT revenues at $1.585-$1.625B, broadly in line. Wipro's profit beat, along with strong results from Tata Consultancy and Infosys, suggests a turnaround in India's IT industry after it suffered last year. Wipro shares -5.6% in Bombay. (PR) Comment! [Earnings]
Friday, January 11, 9:38 AM Low expectations are doing wonders for Infosys (INFY +18.4%), which has taken off following its FQ3 beat. With full-year figures aided by the beat, the company is now guiding for FY13 (ends March 31) revenue of at least $7.45B and EPS of at least $2.97, above a consensus of $7.32B and $2.95. 8 major outsourcing deals with a combined value of $731M were signed, and cloud engagements (previous) rose by 20 Q/Q to 190. Gross margin, hurt by rising wages, fell 100 bps Q/Q and 600 bps Y/Y to 37%. WIT +6.6%. CTSH +4.2%. ACN +1%. (PR) Comment! [Tech, On the Move, Earnings]
Monday, December 17, 2012, 5:48 PM Infosys (INFY -0.5%) and Wipro (WIT -0.3%) failed to join today's tech rally following a Reuters column speculating Infosys may slash its FY13 revenue guidance next month. The recent downbeat comments of company execs are noted, as is a Dec. 6 UBS note arguing Infosys' guidance is threatened by deal delays, large project cutbacks, and Hurricane Sandy-related shutdowns. The column also notes "industry insiders" claim Infosys is "becoming more flexible on its premium pricing." Comment! [Tech, Earnings, Quick Ideas]
Friday, November 2, 2012, 5:44 AM Wipro (WIT): FQ2 EPS of $0.12 in-line. Revenue of $2.01B (+17% Y/Y) beats by $100M. (PR) Comment! [Earnings, Tech]
Monday, August 6, 2012, 10:19 AM Cognizant (CTSH +12.2%) soars after beating Q2 EPS estimates. The IT outsourcing firm expects Q3 revenue of at least $1.875B and EPS of $0.92 vs. a consensus of $1.88B and $0.86. Full-year guidance is for revenue of at least $7.34B and EPS of at least $3.38 vs. a consensus of $7.34B and $3.37. Cognizant's strong performance in North America (+24% Y/Y in Q2) is offsetting slower European growth (+6%). Up in sympathy: INFY +2.1%. WIT +1.5%. ACN +1.6%. EPAM +3.1%. Comment! [Tech, Earnings, On the Move]
Tuesday, July 24, 2012, 3:12 AM Wipro (WIT): FQ1 net income +19% to 15.8B rupees, largely in-line with consensus of 16B. Net sales +24% to 106.2B rupees vs. 105.9B consensus. Sales at the IT services business were $1.54B; for FQ2, company expects unit sales to range from $1.52B-1.55B. That weak guidance pushes shares down 2.8% in Indian trading. (PR) Comment! [Tech, Earnings]
Monday, July 23, 2012, 12:10 AM Notable earnings after Monday’s close: BIDU, CE, CLGX, FNF, HLX, HMA, STLD, STM, TXN, VMW, WIT Comment! [Earnings]
Sunday, July 22, 2012, 5:35 PM Notable earnings after Monday’s close: BIDU, CE, CLGX, FNF, HLX, HMA, STLD, STM, TXN, VMW, WIT Comment! [Earnings]
Tuesday, April 24, 2012, 12:10 AM Notable earnings after Tuesday's close: AAPL, ACE, AFL, BIDU, CBG, CHRW, EW, FTI, HTS, ITC, JNPR, LIFE, NBR, NFX, NSC, QCOR, QEP, RFMD, TSS, WIT Comment! [Earnings]
Monday, April 23, 2012, 5:35 PM Notable earnings after Tuesday's close: AAPL, ACE, AFL, BIDU, CBG, CHRW, EW, FTI, HTS, ITC, JNPR, LIFE, NBR, NFX, NSC, QCOR, QEP, RFMD, TSS, WIT Comment! [Earnings]
Friday, April 13, 2012, 10:09 AM Infosys (INFY -13.5%) is plunging after delivering a weak FQ4 report, and is taking other IT outsourcing names down with it: WIT -3.7%. CTSH -2.8%. SYNT -2%. ACN -1.5%. HPQ -2%. Also hurting is Infosys' guidance for FY13 revenue of $7.55B-$7.69B and EPS of $3.12-$3.17 (consensus is for $7.96B and $3.25). "The year ahead looks challenging for the IT services industry," says the company's CEO. Are cloud services part of the problem? Comment! [Tech, Earnings, On the Move]
Monday, October 31, 2011, 2:02 AM Wipro (WIT): Q3 EPS of $5.28 misses by $0.14. Revenue of $1.85B (+17% Y/Y). (PR) Comment! [Earnings, Tech]