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Wipro: Balancing M&A and shareholder returns

Analysts say the company has ramped up acquisitions during the past one year

Ayan Pramanik 

Wipro, India’s third largest information technology (IT) service provider, has taken an aggressive approach in acquiring companies to step up digital strengths, compared with cross-town rival Infosys, or even Tata Consultancy Services (TCS).  Since Abidali Neemuchwala became chief executive officer (CEO), the company has made two major acquisitions — HealthPlan Services and Appirio in 2016 —worth nearly $1 billion. It also announced a buyback worth Rs 2,500 crore in June last year. Analysts say the company has ramped up acquisitions during the past one ...

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Wipro: Balancing M&A and shareholder returns

Analysts say the company has ramped up acquisitions during the past one year

Analysts say the company has ramped up acquisitions during the past one year Wipro, India’s third largest information technology (IT) service provider, has taken an aggressive approach in acquiring companies to step up digital strengths, compared with cross-town rival Infosys, or even Tata Consultancy Services (TCS).  Since Abidali Neemuchwala became chief executive officer (CEO), the company has made two major acquisitions — HealthPlan Services and Appirio in 2016 —worth nearly $1 billion. It also announced a buyback worth Rs 2,500 crore in June last year. Analysts say the company has ramped up acquisitions during the past one ... image
Business Standard
177 22

Wipro: Balancing M&A and shareholder returns

Analysts say the company has ramped up acquisitions during the past one year

Wipro, India’s third largest information technology (IT) service provider, has taken an aggressive approach in acquiring companies to step up digital strengths, compared with cross-town rival Infosys, or even Tata Consultancy Services (TCS).  Since Abidali Neemuchwala became chief executive officer (CEO), the company has made two major acquisitions — HealthPlan Services and Appirio in 2016 —worth nearly $1 billion. It also announced a buyback worth Rs 2,500 crore in June last year. Analysts say the company has ramped up acquisitions during the past one ...

image
Business Standard
177 22