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 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 headcount growth for the second consecutive quarter, Wipro, India’s fourth-largest IT company, added 978 employees during Q2FY25. The total headcount at the end of September stood at 233,889, up from 232,911 in the previous quarter.
In comparison, Infosys, the second-largest Indian 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 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.
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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.
