Wipro inches up after announcing launch of new analytics solution

Wipro rose 0.48% to Rs 549.20 at 13:53 IST on BSE after the company announced the launch of its analytics solution, Data Discovery Platform.

Meanwhile, the S&P BSE Sensex was down 236.79 points or 0.89% at 26,489.55.

On BSE, so far 5.48 lakh shares were traded in the counter as against average daily volume of 1.34 lakh shares in the past one quarter. The stock hit a high of Rs 549.25 and a low of Rs 542 so far during the day. The stock had hit a 52-week high of 613 on 1 October 2015. The stock had hit a 52-week low of Rs 508.90 on 29 February 2016. The stock had underperformed the market over the past one month till 15 June 2016, gaining 1.3% compared with the Sensex's 4.85% rise. The scrip had also underperformed the market in past one quarter, gaining 2.19% as against the Sensex's 8.86% rise.

The large-cap company has equity capital of Rs 494.14 crore. Face value per share is Rs 2.

Wipro said that its Data Discovery Platform solution provides pertinent business insights across the value chain of an industry through pre-defined "apps". The solution will enable businesses to embark on an analytics journey with value added services of process simplification and business transformation. Leveraging techniques like visual sciences and storytelling with data, the Data Discovery Platform provides a unique value proposition around accelerated time to market for insights resulting in better adoption of insight driven decision making. The solution's modular, app driven approach coupled with machine learning, natural language processing, visualization and stream computing capability enables flexibility and scalability to meet evolving business requirements. The solution also plans to leverage capabilities from various partners to enhance the experience offered to the organizations.

Wipro's consolidated net profit rose 0.04% to Rs 2235 crore on 6.1% growth in net sales to Rs 13741.70 crore in Q4 March 2016 over Q3 December 2015.

Wipro is one of the leading global information technology, consulting and outsourcing companies.

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