Wipro Annual Report 2024 on Form 20-F Available Online for ADS Holders

Rhea-AI Summary

Wipro (NYSE: WIT), a prominent technology services and consulting firm, has filed its Annual Report on Form 20-F for the fiscal year ending March 31, 2024, with the U.S. SEC on May 22, 2024. The report, prepared according to IFRS standards, is accessible online on Wipro's website. The company will provide physical and email copies to American Depository Shares (ADS) holders upon request, complying with NYSE rules.

Positive

• Wipro has timely filed its Annual Report on Form 20-F, showing adherence to regulatory requirements.
• The report is prepared according to International Financial Reporting Standards (IFRS), ensuring transparency and international compliance.
• The report is readily accessible online, enhancing convenience for investors.

Negative

• The press release did not mention any specific financial performance metrics or growth indicators, leaving investors uncertain about the company's financial health.
• No details on revenue, profit margins, or financial highlights were provided, which might be a concern for shareholders.

EAST BRUNSWICK, N.J. & BENGALURU, India--(BUSINESS WIRE)-- Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading technology services and consulting company, announced that it has filed its Annual Report on Form 20-F for the year ended March 31, 2024 with the U.S. Securities and Exchange Commission on May 22, 2024 (U.S. time) and will furnish the same to its American Depository Shares (ADS) holders on its website in lieu of a physical distribution.

The financial statements included in the Annual Report on Form 20-F for the year ended March 31, 2024, have been prepared in accordance with the International Financial Reporting Standards (IFRS) and is available through the Wipro Limited website at- https://www.wipro.com/investors/annual-reports/

In accordance with New York Stock Exchange rules, physical and email copies of Wipro's Annual Report on Form 20-F will be made available, at no cost, to ADS holders upon request.

About Wipro Limited

Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO) is a leading technology services and consulting company focused on building innovative solutions that address clients’ most complex digital transformation needs. Leveraging our holistic portfolio of capabilities in consulting, design, engineering, and operations, we help clients realize their boldest ambitions and build future-ready, sustainable businesses. With over 230,000 employees and business partners across 65 countries, we deliver on the promise of helping our customers, colleagues, and communities thrive in an ever-changing world. For additional information, visit us at www.wipro.com.

Wipro Forward-looking Statements

The forward-looking statements contained herein represent Wipro’s beliefs regarding future events, many of which are by their nature, inherently uncertain and outside Wipro’s control. Such statements include, but are not limited to, statements regarding Wipro’s growth prospects, its future financial operating results, and its plans, expectations, and intentions. Wipro cautions readers that the forward-looking statements contained herein are subject to risks and uncertainties that could cause actual results to differ materially from the results anticipated by such statements. Such risks and uncertainties include, but are not limited to, risks and uncertainties regarding fluctuations in our earnings, revenue and profits, our ability to generate and manage growth, complete proposed corporate actions, intense competition in IT services, our ability to maintain our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, the success of the companies in which we make strategic investments, withdrawal of fiscal governmental incentives, political instability, war, legal restrictions on raising capital or acquiring companies outside India, unauthorized use of our intellectual property and general economic conditions affecting our business and industry.

Additional risks that could affect our future operating results are more fully described in our filings with the United States Securities and Exchange Commission, including, but not limited to, Annual Reports on Form 20-F. These filings are available at www.sec.gov. We may, from time to time, make additional written and oral forward-looking statements, including statements contained in the company’s filings with the Securities and Exchange Commission and our reports to shareholders. We do not undertake to update any forward-looking statement that may be made from time to time by us or on our behalf.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240522320417/en/

Contact for Investor Relations

Dipak Kumar Bohra

dipak.bohra@wipro.com

Abhishek Jain

abhishek.jain2@wipro.com

Contact for Media & Press

Sanuber Grohe

sanuber.grohe@wipro.com

Source: Wipro Limited

FAQ

When did Wipro file its Annual Report on Form 20-F for 2024?

Wipro filed its Annual Report on Form 20-F for the fiscal year ending March 31, 2024, on May 22, 2024.

Where can Wipro's Annual Report on Form 20-F for 2024 be accessed?

The report can be accessed online on Wipro's website at https://www.wipro.com/investors/annual-reports/.

Will Wipro provide physical copies of its Annual Report on Form 20-F for 2024?

Yes, Wipro will provide physical and email copies of the report at no cost to ADS holders upon request, in compliance with NYSE rules.

What accounting standards are Wipro's financial statements prepared under?

Wipro's financial statements are prepared in accordance with the International Financial Reporting Standards (IFRS).