Thu Oct 17 12:02:49 UTC 2024: ## Wipro Announces 1:1 Bonus Issue Amidst Flat Q2 Earnings

**Bengaluru, India** – Wipro, the Indian IT services giant, announced a 1:1 bonus issue of shares following a slightly muted performance in its second quarter (Q2FY25) earnings, reported on Thursday. The record date for the bonus issue will be announced at a later date.

While the company achieved its revenue growth and booking targets, the IT services revenue for the quarter saw a minimal decline, ranging from -2% to 0% compared to the previous year. Total revenue from operations reached ₹22,301.6 crore, a marginal 0.95% decrease from Q2 FY24.

Despite the slight dip, Wipro CEO and MD Srini Pallia emphasized the company’s strong execution, particularly in expanding its top accounts and achieving record-breaking large deal bookings exceeding USD 1 billion for the second consecutive quarter. The company also saw growth in three out of four key markets, as well as in the BFSI, consumer, technology and communications sectors.

Looking ahead, Pallia highlighted Wipro’s commitment to investing in AI-powered solutions, furthering their technological capabilities.

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