Wipro Limited on Tuesday announced that it has won an Application Management (AMS) and Services Integration & Management (SIAM) contract from Fortum, one of the leading clean-energy companies headquartered in Finland.
Shares of IT services major Wipro on Wednesday plunged nearly 7 per cent in early trade on the bourses after the company posted 3.4 per cent decline in consolidated net profit for the September quarter.
Wipro, an Indian multinational corporation providing solutions in information technology field, consulting and business process, board on Tuesday approved a share buyback worth Rs 9,500 crore to reward stakeholders.
The Indian IT sector has been struggling with high denial rates for H-1B visas. A study by an immigration think tank has revealed staggering numbers.
The 5G edge services solutions suite is designed to significantly enhance Wipro's existing 'BoundaryLess Enterprise - Universal Edge' portfolio. The offering allows communications service providers and mobile tower operators to deploy their applications into dispersed edge devices.
After Infosys and Tech Mahindra, IT major Wipro has chartered special flights to bring home hundreds of its staff and their families from the US.The company is undertaking similar steps for its employees in the UK and Australia.
Wipro has no plans to lay off staff at the moment, said Chairman Rishad Premji on Monday asserting that the company has not laid off any employee due to the COVID-19 impact. The Chairman said this while responding to a shareholder at the 74th Annual General Meeting (AGM) which took place virtually.
Dr Arun Kumar Sahoo said state government welcomes the decision and informs that all safety measures will be taken.
With the aim of driving business continuity for its customers, IT major Wipro on Friday said it will integrate a host of services offered by Citrix Systems and Microsoft to create high-performance virtual compute environments that leverage the power of Cloud architecture and next-generation digital workspace technology.
IT major Wipro anticipates a decrease in its gross margins in the short-term due to lower demand for IT products and delay in customers' purchasing decisions, resulting from the ongoing COVID-19 pandemic, as per a regulatory filing.
Wipro Ltd, Wipro Enterprises Ltd, and Azim Premji Foundation have pledged Rs 1,125 crore towards the fight against the coronavirus. Of the 1,125 crores, Wipro Ltd's commitment is Rs 100 crore while Wipro Enterprises Ltd donated Rs 25 crore and the Azim Premji Foundation contributed Rs 1,000 crore.
Global software major Wipro's techies have gone into 14-day self-quarantine on return from overseas assignments as a precautionary measure against the spread of coronavirus, an official said on Friday.
An early morning statement by Wipro on Friday said its CEO Abidali Z Neemuchwala has decided to step down from his position. Wipro CEO Neemuchwala has stated family commitments as his reason for resignation.
IT services major Wipro on Tuesday reported 2.17 per cent dip in consolidated net profit to Rs 2,455.9 crore for December 2019 quarter. The net profit, attributable to shareholders, in the year-ago period was at Rs 2,510.4 crore, Wipro said in a regulatory filing.
Equity benchmark indices traded with a positive note during early hours on Jan 13. The BSE S-P Sensex was up by 215points to 41,814 while the nifty 50 ticked up by 55 points at 12,312. Except for nifty auto, all sectoral indices were in the positive
The four companies had submitted their initial bids in response to an 'expression of interest' floated by the Insurance Regulatory and Development Authority of India (Irdai) in August.