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Wipro Ltd ADR - Stock Quote WIT

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Morningstar's Wipro Ltd ADR Stock Analysis

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1-Star Price

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5-Star Price

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Economic Moat

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Capital Allocation

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Wipro's Narrow Moat Stable Amidst Digital Transformation

Julie Bhusal Sharma Equity Analyst

Business Strategy and Outlook

| Julie Bhusal Sharma |

Wipro is a leading global IT services provider with the typical menu of offerings, from software implementation to digital transformation consulting to servicing entire business operations teams. We think Wipro merits a narrow economic moat rating, similar to many of its peers, as we believe it benefits from switching costs and intangible assets, although we also see it benefiting from a cost advantage. While the company will likely struggle amid the COVID-19 pandemic, we think its stable moat trend will stay secure. Forays into the higher-value realm of industrial engineering will help ensure that Wipro does not miss out on substantial growth trends in the overall IT services industry.

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Wipro Ltd ADR's Company Profile

Business Description

Wipro is a leading global IT services provider, with 175,000 employees. Based in Bengaluru, the Indian IT services firm leverages its offshore outsourcing model to derive over half of its revenue (57%) from North America. The company offers traditional IT services offerings: consulting, managed services, and cloud infrastructure services as well as business process outsourcing as a service.

Contact
Sarjapur Road, Doddakannelli
Bangalore, KA, 560 035, India
T +91 8028440011
Sector Technology
Industry Information Technology Services
Most Recent Earnings Mar 31, 2022
Fiscal Year End Mar 31, 2023
Stock Type
Employees 240,000

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