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Wipro Limited reports developments as an India-based, AI-powered technology services and consulting company with American depositary receipts traded under WIT. Recurring updates cover IFRS financial results, IT Services segment revenue, bookings, operating margin, dividend and buyback matters, and governance items tied to its listings in India and on the New York Stock Exchange.
Company news also covers enterprise technology modernization engagements and software-delivery partnerships. Wipro’s AI-related offerings include Wipro Intelligence™, WEGA and WINGS, which are used in client programs involving application modernization, automation, agent-native development, cloud operations, customer experience and digital transformation across global enterprise sectors.
Wipro Limited (NYSE: WIT) has launched its first @now Studio in collaboration with ServiceNow to enhance digital transformation and innovation for customers. This studio, located in Plano, Texas, aims to develop industry-specific solutions and bolster cybersecurity efforts. Wipro plans to expand with additional studios in Europe and APMEA. The initiative also emphasizes job creation and partnerships with local universities, enhancing the workforce's skills in cybersecurity and emerging technologies.
Wipro Limited (NYSE: WIT) has announced a strategic partnership with IP Infusion to provide end-to-end disaggregated networking solutions for telecom and data communications. This collaboration aims to combine Wipro's hardware design capabilities with IP Infusion’s advanced network operating system, OcNOS®. Key offerings include Distributed Cell Site Gateways and Fronthaul Gateways, aimed at improving network efficiency and reducing costs. The partnership leverages software-defined networking and AI-driven automation, positioning both companies to enhance innovation in 5G infrastructure.
Wipro Limited (NYSE: WIT) announced the appointment of Jason Eichenholz as Senior Vice President and Global Partnerships Lead. With over two decades in enterprise technology, including leadership at Deloitte, he will oversee Wipro's partnerships to enhance cloud solutions. Eichenholz aims to leverage Wipro's FullStride Cloud Services to expand existing partnerships and develop new industry-specific solutions. His extensive cloud experience is expected to strengthen Wipro's market position as clients accelerate cloud adoption.
Wipro Limited (NYSE: WIT) partnered with Designit to conduct a global survey of over 1,000 CMOs, revealing diverse strategies in response to COVID-19 disruptions. Findings classified CMOs into three personas: Disruptors (9%), Progressives (60%), and Traditionalists (31%). Key insights include challenges in data application, with 84% of CMOs citing it as a significant issue. Despite this, 82% plan to innovate content for competitive advantage, while 62% emphasize a comprehensive customer view. The research highlights a shift towards empathy and human connection as crucial for brand survival during the pandemic.
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Wipro Limited (NYSE: WIT) has launched FieldX, a cloud-based digital service lifecycle automation solution designed to enhance after-sales customer service for manufacturers. Built on ServiceNow’s Now Platform, FieldX integrates IoT and AR technologies, enabling cost reductions and improved operational efficiency. The solution offers omni-channel support and proactively monitors machine uptime. Harish Dwarkanhalli from Wipro highlighted its significance in transforming customer service management.
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Wipro Limited (NYSE: WIT) announced the launch of Wipro FullStride Cloud Services and plans to invest $1 billion in cloud technologies over three years. This initiative aims to enhance cloud adoption and support clients in their IT transformation efforts. With over 79,000 cloud professionals, Wipro has made significant cloud-related strides, securing deals with major companies like Telefónica Germany and METRO AG. The launch seeks to simplify the cloud journey for businesses, emphasizing agility and resilience while creating competitive advantages.
Wipro Limited (NYSE: WIT) reported strong financial results for the quarter ending June 30, 2021, with gross revenue of Rs 182.5 billion ($2.5 billion), marking a year-over-year increase of 22.4%. IT Services segment revenue reached $2,414.5 million, a 25.7% rise YoY. Net income increased by 35.2% YoY to Rs 32.3 billion ($434.8 million), with earnings per share up 41.0% to Rs 5.92 ($0.081). The company issued its first dollar-denominated bond of $750 million. However, IT Services operating margin slightly decreased by 29 basis points YoY to 18.8%. Wipro anticipates revenue growth of 5.0% to 7.0% for Q3 FY2022.
Wipro Limited (NYSE: WIT) is set to announce its first-quarter results for the period ending June 30, 2021, on July 15, 2021, post-market in India. The results will be available on the company's investor website. Senior management will discuss the performance at 7:15 PM IST, with a Q&A session following. Interested investors can access the conference call via provided dial-in numbers, and a webcast will also be available. The replay of the call will start two hours post-event and remain accessible for a month.