Wipro Reports Mixed Q4 Results, Unveils Record Share Buyback

Indian IT services company Wipro reported mixed fourth-quarter financial results, with revenue slightly missing expectations while earnings per share were in-line. Following the announcement, Wipro unveiled a record share buyback program.

16 Apr, 11:02 — 16 Apr, 11:47

Post Share

Why this matters

Wipro is a major Indian IT services company, and its financial performance is a key indicator of the health of the global technology sector. A record share buyback can signal confidence in future earnings or be a strategy to return value to shareholders amidst slower growth.

Key entitiesWipro

The Story

What 2 sources agree on, dispute, and miss

What sources agree on

Wipro's Q4 revenue was $2.58 billion, missing targets by $70 million
Wipro announced a record share buyback
Wipro's GAAP EPS was $0.04, which was in-line with expectations

Key claims4 agreed

✓

Wipro's Q4 revenue was $2.58 billion

agreed·seeking-alphachannel-news-asia

✓

Wipro missed its Q4 revenue target by $70 million

agreed·seeking-alphachannel-news-asia

✓

Wipro's GAAP EPS for Q4 was $0.04

agreed·seeking-alphachannel-news-asia

✓

Wipro announced a record share buyback

agreed·seeking-alphachannel-news-asia

The Story

Analyzing sources…

Source Diversity

Low (24/100)

2 sources— more sources would strengthen this score15/33

Spectrum spread— 1/5 buckets covered0/33

Far L

Left

Center

Right2

Right (2)

seeking-alphachannel-news-asia

Far R

Geographic diversity— 2 regions9/34

US1Singapore1

ℹOnly 2 sources cover this story

Sources

Showing 2 of 2 sources

channel-news-asiaMostly Factual2d ago

India's Wipro unveils record buyback after slight quarterly revenue miss

Read full article →

seeking-alphaMixed2d ago