WIT Latest Report

Financial Performance

Wipro's total operating revenue was US$2231.88 billion as of December 31, 2024, up 0.57% YoY. While the growth was modest, the company demonstrated relative revenue stability in a stable market environment, showcasing the resilience of its core business and effective cost control. The gross profit increased from US$68.225 billion to US$69.266 billion, indicating an improvement in profitability, particularly in its ongoing investments in digital and cloud services.

Key Financial Data

1. Wipro's total operating revenue was US$2231.88 billion, up 0.57% YoY.

2. The gross profit increased to US$69.266 billion, reflecting the company's success in cost control.

3. New business revenue accounted for 47% of the main business revenue, indicating the company's efforts in innovation and market expansion.

4. The company's collaboration with Intel Foundry is expected to promote its market share growth in the AI field.

Peer Comparison

1. Industry-wide analysis: The overall revenue of the IT services industry has maintained growth under the promotion of digital transformation and cloud computing demand, reflecting a healthy development trend of the industry.

2. Peer evaluation analysis: Wipro's total operating revenue growth was relatively stable, possibly lower than its competitors such as TCS and Infosys, which requires Wipro to strengthen its innovation and market competitiveness to maintain future growth.

Summary

Wipro's financial data shows its resilience and effective cost control in a stable market environment, albeit with limited growth. The expansion of new businesses and ongoing investments in digital transformation will support its future growth.

Opportunities

1. The launch of new products and services, such as distributed photovoltaic solutions and AI design services, may help Wipro further expand its market share.

2. The collaboration with Intel is expected to accelerate its growth in the AI field, enhancing its overall competitiveness.

3. The overall positive trend of the IT services industry provides Wipro with a good market environment.

Risks

1. Wipro's revenue growth relative to its competitors may hinder its further market share expansion.

2. Although new business has great potential, the uncertainty of market demand may affect its implementation.

3. Global economic fluctuations may have potential impacts on the company's future revenue.