Wipro shares slip in trade as Chief Growth Officer Stephanie Trautman steps down

Wipro share price: Shares of Wipro were on investors' radar on Monday, December 11, as the company announced on Friday that its Chief Growth Officer, Stephanie Trautman, will step down from her role, effective December 31. The stock slipped as much as 1.18 per cent in the early trade to Rs 417 on the BSE. Last seen, the scrip was trading at Rs 420, down 0.44 per cent.

Based in the US, Trautman led Wipro's relationships with hyper-growth partners, provided market intelligence through advisors and analysts, enhanced Wipro's brand awareness, and developed sales capabilities.

"We established the Growth Office three years ago to reimagine our approach to large deals, account development, partnerships, and sales processes, as well as to develop a blueprint for building strategic solutions for clients,” said Thierry Delaporte, CEO and Managing Director, Wipro Limited. READ MORE

Wipro Q2 

The IT services company reported a 7.5 per cent quarter-on-quarter (QoQ) drop in its consolidated net profit at Rs 2,667.3 crore for the September quarter (Q2FY24). The company had posted a profit of Rs 2,886 crore in the previous quarter. On a YoY basis, however, the figure grew by 0.68 per cent. Revenue from operations also slipped 1.38 per cent to Rs 22,515.9 crore against Rs 22,831 crore logged in the June quarter.