Wipro (WIT) Divestments (2019 - 2023)
Wipro (WIT) posted quarterly Divestments of -$60824.3 for Q1 2023, up 34.66% year-over-year from -$45167.7 in Q1 2022, and up 34.66% quarter-over-quarter from -$93093.5 in Q1 2022.
Wipro (WIT) Divestments (2019 - 2023) Analysis & Trends
Wipro (WIT) has reported Divestments for 5 consecutive years, with -$60824.3 the latest figure, recorded in Q1 2023.
- In Q1 2023, Divestments rose 34.66% year-over-year to -$60824.3; the TTM figure through Mar 2023 stood at -$543212.9 (up 98.17% YoY), while the FY2024 annual figure was -$5.8 million, down 8110.47% from the prior year.
- Divestments improved to -$60824.3 in Q1 2023 per WIT's latest filing, from -$93093.5 in the prior quarter.
- Across five years, Divestments topped out at $102.0 million in Q2 2019 and bottomed at -$29.2 million in Q2 2021.
- Historically, Divestments has averaged $8.7 million across 5 years, with a median of -$93093.5 in 2022.
- Annual changes were most pronounced in 2021 — Divestments plunged 2185.79% — and 2023, when it surged 34.66%.
- Wipro's Divestments stood at $5.0 million in 2019, then sank by 52.41% to $2.4 million in 2020, then slumped by 107.82% to -$186852.4 in 2021, then soared by 50.18% to -$93093.5 in 2022, then soared by 34.66% to -$60824.3 in 2023.
- Business Quant data shows WIT's Divestments at -$60824.3 in Q1 2023, -$93093.5 in Q1 2022, and -$186852.4 in Q4 2021.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Divestments (Qtr) |
|---|---|---|---|---|---|
| 1 | International Business Machines | 219.38 Bn | 208.02 Bn | 9.91 Bn | - |
| 2 | Accenture | 111.06 Bn | 100.89 Bn | 6.13 Bn | 13.67 Mn |
| 3 | Infosys | 47.96 Bn | 47.96 Bn | 1.60 Bn | -19.00 Mn |
| 4 | Cgi | 32.80 Bn | 32.34 Bn | - | - |
| 5 | Cognizant Technology Solutions | 28.32 Bn | 27.27 Bn | 1.83 Bn | - |
| 6 | Fidelity National Information Services | 20.92 Bn | 20.17 Bn | 1.17 Bn | - |
| 7 | Broadridge Financial Solutions | 20.67 Bn | 20.27 Bn | 853.00 Mn | - |
| 8 | Wipro | 19.82 Bn | 18.75 Bn | 738.00 Mn | - |
| 9 | Leidos Holdings | 17.78 Bn | 17.03 Bn | 817.00 Mn | - |
| 10 | Cdw | 16.95 Bn | 16.59 Bn | 1.32 Bn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2023 | -60,824.26 |
| Mar 31, 2022 | -93,093.52 |
| Dec 31, 2021 | -186,852.35 |
| Sep 30, 2021 | -202,442.76 |
| Jun 30, 2021 | -29.16 Mn |
| Sep 30, 2020 | 2.39 Mn |
| Jun 30, 2020 | -1.28 Mn |
| Sep 30, 2019 | 5.02 Mn |
| Jun 30, 2019 | 101.99 Mn |