Wipro’s latest big bet on startups! Wipro Ventres raises nearly ₹1,740 crore in fourth round of fundraise
3 weeks, 2 days ago

Wipro’s latest big bet on startups! Wipro Ventres raises nearly ₹1,740 crore in fourth round of fundraise

Live Mint  

IT major Wipro on Wednesday said it will invest USD 200 million in its arm Wipro Ventures to accelerate its funding for startups in the technology innovation space. This marks the fourth funding round for Wipro Ventures since it began operations ten years ago, and is aimed at speeding up investments in startups at the early to mid-stage level, a company statement said. The Wipro Ventures team connects Wipro and its clients to a global ecosystem of startups working on disruptive technologies, enabling Wipro's clients to access the latest innovations while providing startups access to a global network of enterprise customers, the statement said. In the past decade, Wipro Ventures has invested in 37 startups from sectors like artificial intelligence, data & analytics, cybersecurity, and cloud infrastructure, deployed solutions across over 250 Wipro customers globally and had 12 successful exits.

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History of this topic

Wipro commits $200 mn to venture arm Wipro Ventures
3 weeks, 2 days ago

Wipro commits $200 mn to venture arm Wipro Ventures

The Hindu  

Wipro Limited, a technology services and consulting company, on Wednesday said it would be committing $200 million to its venture arm, Wipro Ventures, in its latest round of funding. This is the fourth round of funding raised by Wipro Ventures since its inception 10 years ago and is aimed at accelerating the company’s investments in early- to mid-stage startups, as …

Wipro Q3 Results 2025: Profit Rises by 24.48% YOY to ₹3353.8 Crore
2 months ago

Wipro Q3 Results 2025: Profit Rises by 24.48% YOY to ₹3353.8 Crore

Live Mint  

Wipro Q3 Results 2025:Wipro declared their Q3 results on 17 Jan, 2025, reporting a topline increase of 0.51% year-over-year. Wipro Q3 Results The operating income also showed improvement, up by 4.89% quarter-over-quarter and an increase of 18.56% year-over-year. As of 18 Jan, 2025, among the 38 analysts covering the company, 7 have issued Strong Sell ratings, 12 have given Sell …

Wipro reports 24% rise in Q3 net profit
2 months ago

Wipro reports 24% rise in Q3 net profit

The Hindu  

Wipro Ltd. on Friday reported a 24.5% year-on-year increase in its net profit of ₹3,353.8 crore in the third quarter of fiscal 2025. Aparna Iyer, Chief Financial Officer, said “We expanded margins for a fourth consecutive quarter, enabling us to achieve our previously stated target margin of 17.5%. Our EPS grew 24.4% YoY and operating cash flow was at 146.5% …

Wipro Q3 earnings: Wipro Q3 net profit zooms 24.4% to ₹3,354 crore, firm tweaks capital allocation policy
2 months ago

Wipro Q3 earnings: Wipro Q3 net profit zooms 24.4% to ₹3,354 crore, firm tweaks capital allocation policy

The Hindu  

IT services company Wipro on Friday reported a 24.4% year-on-year rise in its consolidated net profit for the just-ended December quarter at about ₹3,354 crore. Wipro board has approved a revised capital allocation policy that increases the committed payout percentage to 70% or above in a block of three years. The capital allocation policy has been revised to increase the …

Wipro bonus shares: Power of long-term investment! ₹10,000 turns to ₹5 lakh in 15 years
3 months, 2 weeks ago

Wipro bonus shares: Power of long-term investment! ₹10,000 turns to ₹5 lakh in 15 years

Live Mint  

Wipro share price traded marginally lower on Tuesday, December 3, as the IT stock turned ex-date for bonus issue. Wipro Bonus shares history This is the IT major’s fourth bonus issue in the last 15 years, according to data available on the BSE website. In 2010, Wipro declared a bonus issue in the ratio of 2:3, wherein two equity shares …

Wipro Q1 Results 2024 LIVE: Net Profit Up 4.6% YoY To Rs 3,003.2 Crore; Revenue Falls 3.8%
8 months ago

Wipro Q1 Results 2024 LIVE: Net Profit Up 4.6% YoY To Rs 3,003.2 Crore; Revenue Falls 3.8%

News 18  

IT major Wipro on Friday declared its Q1 FY25 financial results. The IT major has posted a consolidated net profit of Rs 3,003.2 crore for the June 2024 quarter, a rise of 4.63 per cent year-on-year. Wipro Outlook for Q3 On the outlook, Wipro expects revenue from its IT services business segment to be in the range of $2,600 million …

Wipro market cap over ₹2.61 lakh crore after Q3 results; shares jumps 14%
1 year, 2 months ago

Wipro market cap over ₹2.61 lakh crore after Q3 results; shares jumps 14%

Hindustan Times  

As the quarterly result season is here once again, IT and tech companies are rallying on the stock market, with global firm Wipro being the top gainer on Monday. On Monday, the first market session after the IT firm's quarterly results were posted, Wipro recorded a spike of 14 percent in its share prices, with its overall market cap jumping …

Wipro surges over 13 per cent despite 12 per cent decline in Q3 profit YoY
1 year, 2 months ago

Wipro surges over 13 per cent despite 12 per cent decline in Q3 profit YoY

India TV News  

Wipro shares rose over 13 per cent in early trading on Monday, reaching a 52-week high of Rs 529, despite the company reporting weaker-than-expected results for the third quarter. The primary reason for the rise in Wipro's shares can be attributed to a 17 per cent surge in its American Depository Receipts. The company's trajectory is perceived as recovering after …

Wipro reports Q3 revenue from ops at ₹22,205 crore
1 year, 2 months ago

Wipro reports Q3 revenue from ops at ₹22,205 crore

Hindustan Times  

Wipro Q3 Results: Wipro, India's fourth-largest IT services provider, reported a better-than-expected third-quarter revenue and said fourth-quarter dollar revenue at its largest business could fall by 1.5% at worst or grow by 0.5% at best. Revenue from operations for the quarter ended Dec. 31 fell 4.4% from the previous year to 222.05 billion rupees, but beat analysts' average estimate of …

Wipro share price falls 3% post Q2 results; what should investors do?
1 year, 5 months ago

Wipro share price falls 3% post Q2 results; what should investors do?

Live Mint  

Wipro share price declined 3 per cent to close at ₹395.20 on BSE on Thursday, October 19, a day after the IT company released its July-September quarter earnings. Wipro Q2 Results As Mint reported earlier, Wipro’s revenue in the fiscal second quarter totalled $2.71 billion, a 2.3 per cent sequential decline and a 3.7 per cent fall from the year-ago …

Wipro investors and their many worries
1 year, 8 months ago

Wipro investors and their many worries

Live Mint  

The June quarter earnings season began on a sombre note with large-caps Tata Consultancy Services Ltd and HCL Technologies Ltd reporting subdued numbers. “Wipro’s growth underperformance to peers is due to the higher mix of consulting services and steeper impact from discretionary projects in BFSI and Telecom verticals," pointed out a HDFC Securities Ltd report. To its credit, Wipro’s seemingly …

Artificial Intelligence game to strategic investments: Key things that Wipro's chairman Rishad Premji said in 77th AGM
1 year, 8 months ago

Artificial Intelligence game to strategic investments: Key things that Wipro's chairman Rishad Premji said in 77th AGM

Live Mint  

Wipro's chairman, Rishad Premji, highlighted the company's investment in AI and its plans to integrate AI into all platforms and solutions, while also emphasizing the importance of strong governance. IT giant Wipro's chairman Rishad Premji said, the company is excited about the possibilities that AI brings and has been investing ahead of the curve to understand and leverage its power …

AI game to strategic investments: Key things that Wipro’s chairman said
1 year, 8 months ago

AI game to strategic investments: Key things that Wipro’s chairman said

Live Mint  

IT giant Wipro's chairman Rishad Premji said, the company is excited about the possibilities that AI brings and has been investing ahead of the curve to understand and leverage its power and to create multiple solutions for clients. Rishad revealed that for two years now, Wipro’s Generative AI Center of Excellence has conducted research with leading academic institutions, built accelerators …

Wipro earns cons PAT of ₹2,870 cr in Q1, up by 12% YoY; misses estimates
1 year, 8 months ago

Wipro earns cons PAT of ₹2,870 cr in Q1, up by 12% YoY; misses estimates

Live Mint  

Wipro Q1 results: Azim Premji-backed Wipro missed street estimates in the quarter ending June 30, 2023 period. Wipro said despite a gradual reduction in clients’ discretionary spending, it maintained its new business momentum. Further, Wipro's IT services segment revenue saw a gradual rise of 0.8% YoY in dollar terms to $2,778.5 million. The tech major's non-GAAP constant currency IT Services …

Wipro's Q3 profit up 2.8% year on year to ₹3,053 crore; revenue up by 14%
2 years, 2 months ago

Wipro's Q3 profit up 2.8% year on year to ₹3,053 crore; revenue up by 14%

Hindustan Times  

Indian IT services firm Wipro reported a bigger-than-expected profit for the third quarter on Friday, boosted by a strong deal pipeline. Wipro Q3 results The Bengaluru-based company's net profit rose 2.8% to ₹30.53 billion for the quarter ended December 31. Wipro forecast revenue growth from the IT services business for the year ending March 2023 in the range of 11.5% …

Wipro, Finastra Join Hands To Offer Digital Solutions To Corporate Banks In India; Check Details
2 years, 6 months ago

Wipro, Finastra Join Hands To Offer Digital Solutions To Corporate Banks In India; Check Details

News 18  

IT major Wipro Limited and the world’s leading fintech company Finastra on Tuesday announced a partnership in India to help accelerate the digital transformation of corporate banks by deploying Finastra’s leading solutions. We are excited to bring together Wipro’s deep domain expertise in banking with Finastra’s leading product suite.” Manish Joshi, managing director for APMEA, Finastra, said, “Wipro’s diverse service …

Four top exits in a month shake Wipro
2 years, 6 months ago

Four top exits in a month shake Wipro

Live Mint  

BENGALURU : At Wipro Ltd, chief executive Thierry Delaporte is battling to build a stable leadership team amid concerns of sputtering growth and declining profitability, leading many to question if last year’s industry-leading growth was just a flash in the pan. At least four senior executives overseeing business in four countries have left Wipro in the last month, even as …

Wipro shares trade near 52-week low on disappointing Q1. What brokerages suggest
2 years, 8 months ago

Wipro shares trade near 52-week low on disappointing Q1. What brokerages suggest

Live Mint  

Shares of Wipro Ltd plunged more than 2% in Thursday's opening deals, trading near its 52-week low level after the company missed analyst estimates for June-quarter profit on Wednesday, as higher employee-related costs pushed up the information technology services firm's overall expenses. Wipro forecast higher revenue growth from IT services on the back of a strong project pipeline, and said …

Wipro posts upbeat Q2 guidance at 3-5%; Q1 net profit down 21%
2 years, 8 months ago

Wipro posts upbeat Q2 guidance at 3-5%; Q1 net profit down 21%

Live Mint  

Wipro Ltd expects revenue for the quarter ended September to be in the range of $2.81-2.87 billion, translating to a sequential growth of 3-5%, faster than the 1-3% it had forecast for the June quarter. The company’s net profit for the June quarter declined 20.7% to ₹2,563 crore from ₹3,232 crore in the year-ago period because of a higher base …

Wipro Q1 Results: Profit Declines 21% YoY to Rs 2,563 Crore as Expenses Rise
2 years, 8 months ago

Wipro Q1 Results: Profit Declines 21% YoY to Rs 2,563 Crore as Expenses Rise

News 18  

Wipro Q1 Results: IT major Wipro on Wednesday reported its June quarter profit at Rs 2,563 crore, a dip of 20.9 per cent year-on-year. Wipro’s revenue for the quarter rose 17.9 per cent YoY to Rs 21,528.6 crore. The consolidated total revenue for the Bengaluru-based IT company rose 15.51 per cent on year to Rs 22,001 crore as compared to …

Wipro Q1 net profit tanks 21% to ₹2,563.6 cr, misses Street estimates
2 years, 8 months ago

Wipro Q1 net profit tanks 21% to ₹2,563.6 cr, misses Street estimates

Live Mint  

Wipro Q1 results: Information technology giant Wipro on Wednesday reported a 20.94% year-on-year dip in its consolidated profit after tax at ₹2,563.6 crore for the quarter ended June 2022. Wipro had posted a consolidated PAT of ₹3,242.6 crore in the same quarter last fiscal. On a sequential basis, the Bengaluru-based IT company's net profit fell 16.96% from ₹3,087 crore in …

Wipro windfall – promotions every quarter
2 years, 8 months ago

Wipro windfall – promotions every quarter

Live Mint  

Wipro Ltd is overhauling its employee bonuses and increments to rein in high attrition and attract fresh talent as India’s technology sector continues to see a covid-induced boom in hiring. India’s fourth-largest software services firm plans to offer employee promotions every quarter—a first for the Bengaluru-based company—and boost salaries of most of its workforce by 10% in September, with the …

Wipro net profit rises to Rs 3,092 crore in Quarter 4
2 years, 10 months ago

Wipro net profit rises to Rs 3,092 crore in Quarter 4

Firstpost  

New Delhi: IT company Wipro on Friday posted a 4 per cent rise in consolidated profit at Rs 3,092.5 crore in the fourth quarter ended March 2022. Wipro’s consolidated revenue from operations during the reported quarter grew about 28 per cent to Rs 20,860 crore. For the year ended March 31, 2022, Wipro posted a 12.57 per cent increase in …

Wipro Q4 Results: Net Profit Rises 3.9% YoY to Rs 3,090 Crore; Revenue Up 28.5%
2 years, 10 months ago

Wipro Q4 Results: Net Profit Rises 3.9% YoY to Rs 3,090 Crore; Revenue Up 28.5%

News 18  

IT major Wipro on Friday reported a 3.9 per cent year-on-year jump in its net profit to Rs 3,090 crore for the March 2022 quarter. For the full financial year, Wipro’s net profit stood at Rs 12,220 crore in 2021-22, a jump of 13.2 per cent as compared to the previous year. Wipro CEO and Managing Director Thierry Delaporte said, …

Wipro Q4 Results Today: Revenue, Profit, Attrition; 5 Things To Watch Out For
2 years, 10 months ago

Wipro Q4 Results Today: Revenue, Profit, Attrition; 5 Things To Watch Out For

News 18  

Information technology major Wipro, which will announce its March 2022 quarter financial performance on Friday, is expected to post a revenue growth of 29 per cent year-on-year to Rs 20,958 crore and a profit after tax growth of 3.8 per cent to Rs 3,086 crore during the quarter. Here’re important parameters the investors need to see in the results: Profit …

Wipro Q1 Net Profit Up 35.6% at Rs 3,242.6 Cr, Expects 5-7% Sequential Growth in Next Qtr
3 years, 8 months ago

Wipro Q1 Net Profit Up 35.6% at Rs 3,242.6 Cr, Expects 5-7% Sequential Growth in Next Qtr

News 18  

IT major Wipro on Thursday reported a 35.6 per cent jump in consolidated net profit to Rs 3,242.6 crore for the June 2021 quarter. Its revenue from operations increased by 22.3 per cent to Rs 18,252.4 crore in the reported quarter from Rs 14,913.1 crore in the same period last fiscal, Wipro said in a regulatory filing. Wipro’s IT services …

Wipro shares jump nearly 10% after Q4 earnings
3 years, 11 months ago

Wipro shares jump nearly 10% after Q4 earnings

India TV News  

Shares of Wipro zoomed nearly 10 percent in morning trade on Friday after the company posted a 27.7 percent jump in consolidated net profit at Rs 2,972 crore for the March 2021 quarter, and exuded confidence of sustaining strong growth momentum in the coming quarters. Its revenue from operations rose by 3.4 percent to Rs 16,245.4 crore in the reported …

Coronavirus Outbreak: Wipro, Azim Premji Foundation commit Rs 1,125 cr to tackle COVID-19 crisis
4 years, 11 months ago

Coronavirus Outbreak: Wipro, Azim Premji Foundation commit Rs 1,125 cr to tackle COVID-19 crisis

Firstpost  

Wipro Ltd, Wipro Enterprises Ltd and Azim Premji Foundation have together committed Rs 1,125 crore towards tackling the unprecedented health and humanitarian crisis arising from the COVID-19 outbreak in the country New Delhi: Wipro Ltd, Wipro Enterprises Ltd and Azim Premji Foundation have together committed Rs 1,125 crore towards tackling the unprecedented health and humanitarian crisis arising from the COVID-19 …

Will continue to drive localisation, campus hiring: Wipro
5 years, 2 months ago

Will continue to drive localisation, campus hiring: Wipro

The Hindu  

Wipro said it would continue to drive localisation which is 70% in the third quarter. However, for certain specific skills that are not available in customer markets, we will continue to hire from India,” said Saurabh Govil, president and head, HR, Wipro. In Q3, Wipro reported a net hiring of 6,000 people, “We will hire from the campuses and will …

Wipro Q3 results: Profit dips nearly 3% to Rs 2,455.9 crore in December quarter
5 years, 2 months ago

Wipro Q3 results: Profit dips nearly 3% to Rs 2,455.9 crore in December quarter

India TV News  

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. Its revenue from operations grew 2.7 per cent to Rs 15,470.5 crore during the period under review from Rs 15,059.5 crore in the same quarter last year. Wipro, which gets bulk of its topline from IT services, …

Wipro bags $300 mn contract from ICICI Bank
5 years, 6 months ago

Wipro bags $300 mn contract from ICICI Bank

The Hindu  

In one of the sizable domestic deals, digital transformation and IT services major Wipro Limited has bagged a strategic contract valued at $300 million from the ICICI Bank. Under the contract, Wipro will offer a comprehensive suite of services to ICICI Bank for the next seven years, starting September 2019. As part of this strategic engagement, Wipro will absorb about …

Wipro shares gain nearly 4% post Q1 earnings; IT major posts 12.5% on-year rise in net profit
5 years, 8 months ago

Wipro shares gain nearly 4% post Q1 earnings; IT major posts 12.5% on-year rise in net profit

Firstpost  

Shares of Wipro rose nearly 4 percent on Thursday after the company posted a 12.5 percent rise in consolidated net profit for the April-June quarter New Delhi: Shares of Wipro rose nearly 4 percent on Thursday after the company posted a 12.5 percent rise in consolidated net profit for the April-June quarter. Wipro on Wednesday posted a 12.5 percent rise …

Wipro profit rises 12.6% to ₹2,388 crore
5 years, 8 months ago

Wipro profit rises 12.6% to ₹2,388 crore

The Hindu  

Tech major Wipro posted a 12.6% year-on-year growth in net profit to ₹2,388 crore, during the quarter-ended June against ₹2,121 crore in the corresponding quarter a year ago. During the June quarter, the company posted a gross revenue of ₹14,716 crore against ₹13,978 crore last year, marking a 5.3% growth year-on-year. The company said factors like macro uncertainties, softness in …

Samsung Venture invests $8.5 mn in 4 Indian startups; company plans to make over 100 investments in country in next 3-5 years
5 years, 8 months ago

Samsung Venture invests $8.5 mn in 4 Indian startups; company plans to make over 100 investments in country in next 3-5 years

Firstpost  

SVIC has invested in startups across countries like the US, the UK, Israel, Canada, China, South Korea and Japan. New Delhi: Samsung Venture Investment Corporation, the investment arm of the South Korean tech giant, on Wednesday said it has made its maiden investment in India by pumping in $8.5 million in four Indian startups. SVIC, which has invested in a …

Wipro seeks shareholders’ nod for ₹10,500 crore share buyback plan
5 years, 10 months ago

Wipro seeks shareholders’ nod for ₹10,500 crore share buyback plan

Live Mint  

IT services major Wipro Thursday sought shareholders' nod for its up to ₹10,500 crore share buyback offer. The company also sought shareholders' approval for the appointment former SBI chairperson Arundhati Bhattacharya as an independent director on its board. In a BSE filing, the company said it is seeking shareholders' approval for buying back up to 32,30,76,923 fully paid-up equity shares …

Wipro shares gain over 1% post as company posts 38.4% rise in net profit for March 2019 quarter
5 years, 11 months ago

Wipro shares gain over 1% post as company posts 38.4% rise in net profit for March 2019 quarter

Firstpost  

The scrip gained 1.32 percent to close at Rs 284.80 on the BSE. New Delhi: Shares of Wipro rose over 1 percent Thursday after the company posted 38.4 percent rise in net profit for March 2019 quarter and wooed shareholders with up to Rs 10,500 crore buyback plan. Software major Wipro Tuesday posted 38.4 percent rise in net profit at …

Wipro Q4 result in line with expectations, outlook disappoints
5 years, 11 months ago

Wipro Q4 result in line with expectations, outlook disappoints

Live Mint  

Bengaluru: Wipro Ltd posted better-than-expected revenue growth for the fiscal fourth-quarter but offered a disappointing revenue growth outlook of -1% to 1.0% for the June quarter. In dollar terms, Wipro’s net profit declined to $359.1 million in the fourth quarter from $366 million at the end of the third quarter. In rupee terms, Wipro’s revenue for the fourth quarter of …

Wipro Ventures invests in 18 early and mid-stage startups since inception in 2015
6 years, 1 month ago

Wipro Ventures invests in 18 early and mid-stage startups since inception in 2015

Firstpost  

Wipro Ventures has deployed more than two-thirds of its corpus in 18 startups, according to media reports. The $100 million Wipro Ventures is the strategic investment arm of Wipro and focuses on investing in early-to-mid-stage startups. It has helped its parent Wipro win over 100 deals – 14 in the US, three in Israel and one in Pune-based data startup …

Health-tech startup funding hits all-time high of $510 million in 2018
6 years, 4 months ago

Health-tech startup funding hits all-time high of $510 million in 2018

Live Mint  

Mumbai: Venture capital investment in home-grown health-tech startups in 2018 is at an all-time high with continuing investor interest, data from Tracxn Technologies shows. So far, $510 million has been invested across 80 health-tech startups, led by medicine ordering website PharmEasy, which raised $115 million across three rounds this year. Demonetisation and the subsequent surge in digital payments also helped …

Q2 results: Wipro revenue rises 1.37% to $2.04 billion
6 years, 4 months ago

Q2 results: Wipro revenue rises 1.37% to $2.04 billion

Live Mint  

New Delhi: Wipro Ltd on Wednesday posted second-quarter revenue growth that beat analyst estimates even as the company’s divestment of some businesses in the past to make itself future-ready has taken some sheen off the financial performance in the first half of this financial year. Wipro’s revenue from clients in the banking and financial services industry, which comprises 30.7% of …

Wipro shares jump over 8% as company bags biggest order till date for $1.5 bn from Alight Solutions
6 years, 6 months ago

Wipro shares jump over 8% as company bags biggest order till date for $1.5 bn from Alight Solutions

Firstpost  

New Delhi: Shares of Wipro on Monday surged more than 8 percent in morning trade on bourses after the IT services major said it had bagged $1.5 bn deal from Alight Solutions, its biggest deal till date. Under the 10-year deal, Wipro will provide a comprehensive suite of solutions and services to the Illinois-based Alight Solutions that provides technology-enabled health, …

Startups celebrate as funding boom returns
6 years, 7 months ago

Startups celebrate as funding boom returns

Live Mint  

Bengaluru: Startups have been raising multiple rounds of capital in quick succession at increasingly higher valuations. Investors are chasing startups that don’t generate any revenue—at least not yet—and market share is the preferred investment metric, not unit economics. “While the ecosystem of companies has grown, the number of quality startups in the later stages has not grown at the same …

Wipro wins $1 billion IT deal from Alight Solutions
6 years, 7 months ago

Wipro wins $1 billion IT deal from Alight Solutions

Live Mint  

Bengaluru: Wipro Ltd has won a $1 billion contract, the biggest such order in four years, from Alight Solutions, the former benefits administration and human-resources outsourcing business of Aon Plc, according to two people familiar with the development. Starting next year, Wipro is assured of at least $140 million in revenue, a shot in the arm for Abidali Neemuchwala, who …

Wipro sees strong demand for services from BFSI segment; faces challenges in domestic biz, US healthcare
6 years, 8 months ago

Wipro sees strong demand for services from BFSI segment; faces challenges in domestic biz, US healthcare

Firstpost  

Bengaluru-based Wipro said it expected revenue form its key IT services business for the quarter ending September to be in the range of $2.01 billion to $2.05 billion. Mumbai/Bengaluru: IT company Wipro Ltd said it was seeing strong demand for its services from clients in banking, financial services and insurance, while it faces challenges in its India business and in …

Wipro beats estimates, Q1 net profit rises 11% to $307.55 million
6 years, 8 months ago

Wipro beats estimates, Q1 net profit rises 11% to $307.55 million

Live Mint  

Bengaluru: Wipro Ltd on Friday reported first-quarter earnings that beat analysts expectations, as net profit rose 11% to $307.55 million from $277 million in the preceding three months, primarily on account of gains made from divestment of one of its businesses. Bengaluru-based Wipro’s dollar revenue declined 1.7% to $2.03 billion in the quarter ended 30 June from the preceding three …

Cloud computing firm Salesforce to invest $50 million in startups employing artificial intelligence
7 years, 6 months ago

Cloud computing firm Salesforce to invest $50 million in startups employing artificial intelligence

Firstpost  

The venture wing of Salesforce.com is launching a $50 million fund to invest in start-ups employing artificial intelligence, the cloud computing firm said. The venture wing of Salesforce.com Inc is launching a $50 million fund to invest in startups employing artificial intelligence, the cloud computing firm told Reuters on Tuesday. Salesforce, whose software helps businesses sell, market and track customer …

Wipro board okays Rs 11,000-crore buyback
7 years, 8 months ago

Wipro board okays Rs 11,000-crore buyback

Deccan Chronicle  

Bengaluru: India’s third largest software services company Wipro on Thursday announced that the board of directors has approved a proposal to buyback shares worth Rs 11,000 crore at a price of Rs 320 per share. Speaking about the announcement of buyback of equity shares, Wipro CFO Jatin Dalal said that the announcement to buyback equity shares was a part of …

Wipro Q1 profit surges by 1.2 per cent; okays Rs 11,000-cr share buyback
7 years, 8 months ago

Wipro Q1 profit surges by 1.2 per cent; okays Rs 11,000-cr share buyback

Deccan Chronicle  

Bengaluru: India's third largest IT firm Wipro on Thursday posted a 1.2 per cent rise in its consolidated net profit at Rs 2,076.7 crore for the April-June quarter. Besides, the company's board has announced a share buyback proposal of Rs 11,000 crore entailing 34.3 crore equity shares at Rs 320 apiece. On the buyback offer, Dalal said the announcement to …

Wipro Q3 net beats analysts forecast, but margins take a hit due to Chennai floods
9 years, 2 months ago

Wipro Q3 net beats analysts forecast, but margins take a hit due to Chennai floods

Firstpost  

Analysts polled by Thomson Reuters estimated net profit in the quarter at Rs 2,223 crore Wipro, the Bangalore-headquartered country’s third largest software exporter, posted 1.8 percent rise in its consolidated net profit, beating analysts forecast, to Rs 2,234.1 crore for the quarter ended December 31, 2015. Analysts polled by Thomson Reuters estimated net profit in the quarter at Rs 2,223 …

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