{"id":123454,"date":"2024-05-02T13:43:30","date_gmt":"2024-05-02T08:13:30","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=123454"},"modified":"2024-05-02T14:41:54","modified_gmt":"2024-05-02T09:11:54","slug":"it-stock-in-focus-after-signing-deal-with-nokia","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/it-stock-in-focus-after-signing-deal-with-nokia\/","title":{"rendered":"IT stock in focus after signing deal with Nokia\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3503724434\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Shares of this large-cap company fell around 2 percent in Thursday\u2019s trading session despite winning a Multi-Million-Dollar Deal to Transform Nokia\u2019s Digital Workplace Services.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-682473931\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>With a market capitalization of Rs. 2,39,011 crores, the shares of <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/WIPRO\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Wipro Ltd<\/a><\/strong> started Thursday\u2019s trading session on a flatter note at Rs. 462.40. During the trading session, the shares hit a low of Rs. 455.45, losing around 2 percent and are currently trading at Rs. 457 apiece.\u00a0<\/p><p>According to the exchange filing, the IT company announced that it had been selected by Nokia to overhaul its employee service desk and provide seamless, real-time IT support to a global network of employees.&nbsp;<\/p><p>The Wipro team will build a bespoke AI-powered, cloud-based solution in the multi-year contract for Nokia\u2019s workforce comprising around 86,700 users globally in 130 countries of operations. The solution aims to enhance the employee experience by providing highly available, modular, secure, and automated services&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-1099937967\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>Furthermore, the company mentioned that this project will result in the creation of an experience-driven, omnichannel, and always-on global service desk, which will provide employees with highly flexible and secure services to empower them to effectively navigate a hybrid work environment.&nbsp;<\/p><p>Coming onto the company\u2019s financial statements, the revenue increased marginally by 0.01 percent from Rs. 22,205 crores during the December quarter to Rs. 22,208 crores in the March quarter. In addition, the net profits increased by around 6 percent from Rs. 2,701 crores to Rs. 2,858 crores during the same period.&nbsp;<\/p><p>In the fourth quarter, the IT company\u2019s order bookings amounted to 3.6 billion US dollars, with significant deal bookings Total Contract Value (TCV) reaching 1.2 billion US dollars.&nbsp;<\/p><p>For the fiscal year 2024, total large deal bookings TCV stood at 4.6 billion US dollars, indicating a notable growth of 17.4 percent compared to the previous fiscal year.&nbsp;<\/p><p>The company\u2019s strategic focus entails accelerating the momentum of large deals through proactive engagement with clients and partners and strengthening relationships with significant clients and partners is paramount to driving growth initiatives.&nbsp;<\/p><p>Additionally, the company is emphasizing industry-specific offerings and AI-infused business solutions to meet evolving market demands efficiently.&nbsp;<\/p><div class=\"trade-content-10\" id=\"trade-1319696778\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>In terms of key financial metrics, the company reported a return on equity of 15.89 percent and a return on capital employed of 17.11 percent for the period spanning FY22-24. Additionally, the net profit margin stood at 12.56 percent during the same timeframe.&nbsp;<\/p><p>Headquartered in Bangalore, Wipro Ltd is a global Information technology, consulting and business process services (BPS) company. It is the 4th largest Indian player in the global IT services industry behind TCS, Infosys and HCL Technologies.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Vaibhav Patil&nbsp;<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on <a href=\"http:\/\/tradebrains.in\/\">tradebrains.in<\/a> are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-3618820473\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Shares of this large-cap company fell around 2 percent in Thursday\u2019s trading session despite winning a Multi-Million-Dollar Deal to Transform Nokia\u2019s Digital Workplace Services.&nbsp; With a market capitalization of Rs. 2,39,011 crores, the shares of Wipro Ltd started Thursday\u2019s trading session on a flatter note at Rs. 462.40. During the trading session, the shares hit [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":123455,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,13525],"tags":[],"class_list":["post-123454","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-stock-updates"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>IT stock in focus after signing deal with Nokia\u00a0 - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"Shares of this large-cap company fell around 2 percent in Thursday\u2019s trading session despite winning a Multi-Million-Dollar Deal to Transform Nokia\u2019s Digital Workplace Services.\u00a0\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/it-stock-in-focus-after-signing-deal-with-nokia\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"IT stock in focus after signing deal with Nokia\u00a0\" \/>\n<meta property=\"og:description\" content=\"Shares of this large-cap company fell around 2 percent in Thursday\u2019s trading session despite winning a Multi-Million-Dollar Deal to Transform Nokia\u2019s Digital Workplace Services.\u00a0\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tradebrains.in\/features\/it-stock-in-focus-after-signing-deal-with-nokia\/\" \/>\n<meta property=\"og:site_name\" content=\"Trade Brains Features\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/TradeBrainsOfficial\/\" \/>\n<meta property=\"article:published_time\" content=\"2024-05-02T08:13:30+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-05-02T09:11:54+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/nokia.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"854\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Trade Brains\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:site\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Trade Brains\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/tradebrains.in\/features\/it-stock-in-focus-after-signing-deal-with-nokia\/\",\"url\":\"https:\/\/tradebrains.in\/features\/it-stock-in-focus-after-signing-deal-with-nokia\/\",\"name\":\"IT stock in focus after signing deal with Nokia\u00a0 - 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