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Wipro Limited’s (NYSE: WIT) large deal bookings surge 17% in Q4 FY24 - Kalkine
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Highlights
Wipro Limited (NYSE: WIT) is a multinational corporation that offers technology and consultancy services. Specifically, the company’s services comprise artificial intelligence, cloud, business process, cyber security, data analytics, engineering, etc. It has a market capitalization of USD 30.67 billion.
In FY24, Wipro experienced a decline of approximately 4% in total revenue compared to FY23. This decline, coupled with higher total operating expenses, led to a decline of around 5.6% in net profit. However, the company’s operating cash flows surged by around 31% due to the favorable impact of the change in net working capital, although partially offset by decreased net income.
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