IT sector Q3 earnings: 3 things you must check in results before investing in stocks

<ul><li>If the company’s results excite you, and you are looking forward to investing, let’s dive deep into how the quality of earnings might affect your investment decisions.</li></ul>

Hiring slowdown lifts top IT companies' profit per employee: Report

As per the report, the top four IT companies earned a net profit of ₹1.7 lakh per employee during October-December 2022, up 8.6 percent from ₹1.57 lakh in Q2FY23.

Should you buy, sell or hold Wipro after Q3 earnings? Here's what top brokerages say

In Q3 FY23, Wipro had record order bookings of over $4.3 billion, up 26% YoY in CC terms. For the full year, the company expects revenue growth from the IT services business to be in the range of 11.5–12 percent.

Wipro Q3 net profit rises 2.8% to ₹3,053 crore; says tech spends robust amid macro uncertainties

Wipro's Q4 guidance, however, came below analysts' expectations. Wipro said its IT services revenue is expected to grow in the range of -0.6 per cent to 1 per cent sequentially in constant currency in the quarter ending March 2023.

From Paytm to Biocon: These 12 Nifty 100 stocks are the biggest wealth destroyers in 2022

Shares of One 97 communications, Paytm's parent company stood at the top of the list. The stock lost 62.6% of its value in 2022, falling from ₹1334.55 apiece to the current market price of ₹512.15. Gland Pharma, a pharmaceutical firm, was another stock that lost investors' wealth in 2022.

IT sector outlook: Valuations of companies may take a hit, says Emkay Global

Here are the key takeaways from brokerage Emkay Global Financial Services Ltd's recent meet with the managements of IT companies.

Market at record level but these 7 Nifty50 stocks are trading 20-45% below their 52-week highs

The Sensex has risen 2.51 percent so far this month after nearly 5.5 percent rally in the preceding month, while the Nifty50 has produced a return of 2.78 percent so far in the current month after a 5.37 percent rally in the month before.

Wipro is near its 2-year lows; What happens next for retail investors invested in the IT major?

Wipro stood as the biggest laggard in the Nifty50 index in the past one year by falling nearly 43%. The stock touched a 52-week-high of ₹739.8 on October 19th, 2021 and a 52-week-low of ₹378.1 on October 13, 2022, indicating that at the current level the stock is trading at a discount of 48.01%.

Wipro shares fall 6% on lower quarterly profit

Wipro reported a 9.3 per cent fall in net profit for the September quarter at ₹2,659 crore on Wednesday. In the year-ago period, the same was at ₹2,930.6 crore.

Wipro reports 9% drop in second quarter profit

Consolidated net profit for the quarter ended Sept. 30 was 26.59 billion Indian rupees ($323.3 million), compared with 29.31 billion rupees a year ago.

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IT sector Q3 earnings: 3 things you must check in results before investing in stocks

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