Mon Oct 14 05:43:06 UTC 2024: ## Wipro to Announce Q2 Results and Consider Bonus Share Issue
**Bangalore, India** – IT giant Wipro Ltd. is set to announce its financial results for the second quarter of fiscal year 2024-25 on Thursday, October 17th, after market hours. The company’s board of directors will also be considering a proposal to issue bonus shares during the meeting.
The announcement comes as Wipro’s shares closed at ₹528.95 on Friday, reflecting a 0.77% increase compared to the previous day’s closing price.
In a filing to the Bombay Stock Exchange (BSE), Wipro stated that the board will deliberate upon the bonus share proposal, adhering to relevant regulations. The company also confirmed that it will host an earnings call at 7:00 p.m. (IST) on October 17th, where senior management will discuss the Q2 performance and answer investor questions.
Wipro, a leading player in technology services and consulting, has been focusing on innovative digital transformation solutions. The company’s first quarter results saw net profits increase by 4.64% year-on-year, while revenue from operations declined by 1.1%.
Investors are eagerly awaiting the Q2 results and the outcome of the bonus share proposal, which could further fuel Wipro’s growth trajectory.
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