For the financial year 2022 dividend yield of the company stands at 1.01%. The IT company, in an email, stated that the variable pay cut is happening due to operating margin pressure.Įven after the decreasing margins, Wipro has been rewarding its shareholders with continuous dividends.įor the financial year 2022, Wipro has paid the dividend of Rs 6 per share, the highest dividend in last 5 years. On the other hand, fresher and junior-level staff will get variable pay after a 30% cut. Earlier, Wipro had decided to hold back variable pay to its mid and senior-level executives. To further curb the attrition rate, Wipro has rolled out an annual salary hike covering 96% of the employees. The company has made the highest hiring among the tech giants reducing the attrition rate from 23.8% to 23.5% for the June quarter 2022. This stake reduced to 6.9% by the end of the June 2022 quarter.įurther in the June 2022 quarter, Wipro's margins fell to 11.9% from 14.8% in the March 2022 quarter, dragged down by the variable pay to retain the employees. FII's stake stood at 8.1% in March 2022 quarter. This decline was on the back of the heavy selling pressure due to the continuous disinvestment by FII.įIIs have been disinvesting their stake since the September 2021 quarter. Shares of the company also hit their 52-week low today. To know more, check out the Infosys factsheet and the latest quarterly results. The company caters to various Industries, including finance, retail, energy and many more. Infosys is an Indian tech giant offering digital and traditional IT services. Out of which 38 new clients were for the US$ 100 m plus bucket while 278 clients were for US$ 50 m plus bucket. Infosys has added 106 new clients for the June 2022 quarter. However, going forward, the company plans to increase its margins for the coming year. Infosys recorded an attrition rate of 28.4% for the June quarter, up from 27.7% sequentially. In the most recent June 2022 quarter, Infosys' margins fell 1.5% sequentially to 20.1%, dragged down by salary hikes.Īnother problem hurting Infosys is the high attrition rate. This was due to the depreciation in the Indian rupee and overall sentiment toward IT stocks across the globe. Shares of the company touched their 52-week low today. Let's look at which tech companies are trading at their one-year lows. 10 Rules for Successful Long-Term Investing.Your Ultimate Guide to Penny Stock Investing. ![]() ![]() (Please do not use this option on a public machine)
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |