Welcome to our dedicated page for Wipro news (Ticker: WIT), a resource for investors and traders seeking the latest updates and insights on Wipro stock.
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 announced a collaboration with SAP SE to develop cloud-based solutions specifically for the real estate industry. This partnership aims to enhance SAP's Intelligent Enterprise strategy by filling gaps in its portfolio through industry-specific cloud applications. Wipro's newly launched Tenant Acquisition Management (TAM) solution integrates advanced technologies like AI and robotic process automation, streamlining the leasing process. The solution is now available on the SAP App Center, showcasing Wipro's commitment to innovation in real estate services.
Wipro Limited (NYSE: WIT) announced its financial results for Q3 2020, reporting gross revenue of Rs 151.1 billion ($2.1 billion), marking a 1.4% QoQ increase but a 0.1% YoY decrease. IT Services revenue rose to $1,992.4 million, up 3.7% QoQ, with an operating margin of 19.2%. Net income fell 3.4% YoY to Rs 24.7 billion ($335.3 million), while EPS increased by 0.7% YoY. The company plans a share buyback of up to Rs 95 billion ($1.3 billion). Outlook for Q4 anticipates IT Services revenue between $2,022 million and $2,062 million, representing 1.5% to 3.5% sequential growth.
Wipro Limited (NYSE: WIT) will announce its Q2 results for the fiscal year ending September 30, 2020, on October 13, 2020, after stock market hours. Following the announcement, management will discuss the results in a conference call at 7:15 PM IST (9:45 AM ET). Investors can access the call via the company’s website or through provided dial-in numbers. A replay will be available until November 12, 2020. Wipro continues to be a leader in IT and consulting services, leveraging advanced technologies to drive client success.
Wipro Limited (NYSE: WIT) will announce its second-quarter results for the fiscal year ending September 30, 2020, on October 13, 2020, after market hours in India. The results will be accessible on the company's investor website. At 7:15 PM IST (9:45 AM ET), management will discuss the company's performance during a conference call, where questions can be submitted beforehand. The call will also be available via webcast. Playback details will be provided following the call, allowing stakeholders to review the discussion.
Wipro Limited (NYSE: WIT) successfully organized its 15th annual 'Spirit of Wipro' (SOW) Run, attracting thousands of participants from 35 countries, despite pandemic challenges. The event, themed 'United. Unstoppable', underscored community and resilience among employees, their families, and clients. Proceeds will benefit local social causes, matched 100% by Wipro via its community initiatives arm. CEO Thierry Delaporte emphasized the company's commitment to client success and integrity, while HR President Saurabh Govil highlighted the Run's significance in maintaining tradition and community support.
Wipro Limited (NYSE: WIT) has been recognized as a Leader in The Forrester New Wave™: RPA Service Providers In Healthcare, Q3 2020. The report highlights Wipro's strong capabilities in Robotic Process Automation (RPA), noting its extensive experience with healthcare clients. Wipro received high ratings in intelligent automation and commercial modeling, indicating its strategic role in the healthcare industry. The importance of automation is underscored by the COVID-19 pandemic, which has heightened the need for efficient operational strategies in healthcare.
Wipro Limited (NYSE: WIT) has selected Google Cloud as its enterprise-wide cloud provider to modernize its SAP footprint. The collaboration aims to transition Wipro's core ERP systems to SAP S/4HANA hosted on Google Cloud, enhancing operational efficiency for over 180,000 employees. Additionally, Wipro will implement G Suite for improved productivity, leveraging real-time collaboration features. This partnership strengthens their long-term relationship, allowing both companies to focus on digital transformation and hybrid cloud solutions.