Wipro Share Price: IT Stock Surges Over 5% After Positive Q2 Result

Wipro Share Price: Wipro's share price soared over 5% in early trade on Friday after the IT major reported good earnings in the July-September or the second quarter of FY25. Wipro announced a bonus share issue as well. Wipro shares climbed as much as 5.34% to a high of Rs 557.05 on the BSE during morning trade.

Wipro, India's fourth-largest software services exporter, reported IT services revenue of Rs 22,196 crore in the quarter ended September, registering a growth of 1.4% from Rs 21,896.3 crore in the previous quarter. 

Also Read: Wipro Share Price: IT Stock Surges Over 5% After Positive Q2 Result

Wipro Q2 Result

The company has announced to give bonus shares in the ratio of 1:1. Which means, the company will give 1 bonus share for every 1 share a shareholder is holding. However, the company has not yet announced the record date of bonus shares. The company is gifting bonus shares to its investors for the 14th time.

Wipro Q2 Result

Wipro has earned a net profit of Rs 3209 crore in the July-September quarter of the current financial year. The profit of the IT company has increased by 21 per cent compared to the same period a year ago. Wipro had a profit of Rs 2646 crore in the same period a year ago.

In the July-September quarter of the current financial year, the company's consolidated revenue has decreased by 1% to Rs. 22,302 crore, which was Rs. 22,543 crore in the same period a year ago. IT company Wipro has said that its total bookings during the quarter were $3.56 billion.

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