ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” target=”_blank” href=”https://economictimes.indiatimes.com/wipro-ltd/stocks/companyid-12799.cms” rel=”noopener”>Wipro on Thursday announced a bonus share issue in the ratio of 1:1 to its shareholders. The company’s board of directors met to approve the issuance of one bonus share for every fully paid-up equity share held.

This is Wipro’s first bonus share issue since 2019, when it offered one bonus share for every three shares held. In total, Wipro has issued ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/bonus-shares” target=”_blank” rel=”noopener”>bonus shares 13 times in its history.

In its BSE filing, Wipro stated that eligible shareholders, including holders of American Depositary Shares (ADS), will receive one bonus equity share of ₹2 each for every one equity share held as of the record date.

Continuing its ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/headcount-growth” target=”_blank” rel=”noopener”>headcount growth for the second consecutive quarter, Wipro, India’s fourth-largest IT company, added 978 employees during ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/q2fy25″ target=”_blank” rel=”noopener”>Q2FY25. The total headcount at the end of September stood at 233,889, up from 232,911 in the previous quarter.

In comparison, ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” target=”_blank” href=”https://economictimes.indiatimes.com/infosys-ltd/stocks/companyid-10960.cms” rel=”noopener”>Infosys, the second-largest Indian ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/it-services” target=”_blank” rel=”noopener”>IT services firm, added 2,456 employees during the same period, bringing its total headcount to 317,788, up from 315,332 in the prior quarter.

Wipro’s ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/attrition-rate” target=”_blank” rel=”noopener”>attrition rate rose marginally to 14.5% in Q2, from 14.1% in the previous quarter. Additionally, its utilisation rate dipped slightly to 86.4% from 87.7% in Q1FY25.

On Thursday, Wipro provided guidance for Q3, expecting revenue from its IT services business to be in the range of $2,607 million to $2,660 million. This translates to a sequential guidance of (-) 2% to 0% in constant currency terms, compared to the company’s more positive Q2 guidance of 1% lower or higher sequentially in constant currency.

ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” target=”_blank” href=”https://economictimes.indiatimes.com/wipro-ltd/stocks/companyid-12799.cms” rel=”noopener”>Wipro on Thursday announced a bonus share issue in the ratio of 1:1 to its shareholders. The company’s board of directors met to approve the issuance of one bonus share for every fully paid-up equity share held.

This is Wipro’s first bonus share issue since 2019, when it offered one bonus share for every three shares held. In total, Wipro has issued ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/bonus-shares” target=”_blank” rel=”noopener”>bonus shares 13 times in its history.

In its BSE filing, Wipro stated that eligible shareholders, including holders of American Depositary Shares (ADS), will receive one bonus equity share of ₹2 each for every one equity share held as of the record date.

Continuing its ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/headcount-growth” target=”_blank” rel=”noopener”>headcount growth for the second consecutive quarter, Wipro, India’s fourth-largest IT company, added 978 employees during ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/q2fy25″ target=”_blank” rel=”noopener”>Q2FY25. The total headcount at the end of September stood at 233,889, up from 232,911 in the previous quarter.

In comparison, ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” target=”_blank” href=”https://economictimes.indiatimes.com/infosys-ltd/stocks/companyid-10960.cms” rel=”noopener”>Infosys, the second-largest Indian ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/it-services” target=”_blank” rel=”noopener”>IT services firm, added 2,456 employees during the same period, bringing its total headcount to 317,788, up from 315,332 in the prior quarter.

Wipro’s ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/attrition-rate” target=”_blank” rel=”noopener”>attrition rate rose marginally to 14.5% in Q2, from 14.1% in the previous quarter. Additionally, its utilisation rate dipped slightly to 86.4% from 87.7% in Q1FY25.

On Thursday, Wipro provided guidance for Q3, expecting revenue from its IT services business to be in the range of $2,607 million to $2,660 million. This translates to a sequential guidance of (-) 2% to 0% in constant currency terms, compared to the company’s more positive Q2 guidance of 1% lower or higher sequentially in constant currency.