Page 17 - Wipro

Wipro partners with IIT Delhi to launch generative AI centre of excellence

IT major Wipro on Wednesday said it has launched a centre of excellence on generative artificial intelligence in partnership with the Indian Institute of Technology, Delhi. Set up on the premises of the Yardi School of Artificial Intelligence at IIT Delhi, the Centre Of Excellence (CoE) will support applied research in generative AI, according to a statement. Wipro's Chief Technology Officer Subha Tatavarti said the collaboration will enhance their research and development capabilities in emerging areas like generative AI and connect them with a talent pool "for building advanced solutions to address existing and emerging business problems". Wipro CoE teams will jointly work on building innovative solutions using AI, Machine Learning (ML), and other technologies, the company said. Head of the Yardi School of AI at IIT Delhi Professor Mausam said that through the CoE, "our students will gain valuable insight into problems relevant to the industry and learn about their technical ...

Wipro reduces client base to pursue high-margin deals and profitability

India's fourth-largest IT services firm, Wipro, aims for faster profitability ascent by cutting smaller clients and focusing on bigger revenue opportunities

Trouble for new engineering graduates as IT hiring to hit 3-yr low in FY24

The fear of a recession in the US has emerged as a major hurdle for the IT sector. There is also a dearth of new projects which may impact the recruitment of new engineers

Wipro, Pure Storage partner for Sustainable Technology in data storage

IT services major Wipro on Monday announced the partnership of its FullStride Cloud subsidiary with Pure Storage to drive sustainable technology in its data storage and data centres. The collaboration is aimed at providing efficient strategies to minimize the environmental impact, thus driving a more sustainable data centre footprint, according to the company's statement. The two companies will incorporate the best practices in sustainable technology by improving direct carbon emissions in data storage systems and increased power efficiency, it added. Stephanie Trautman, Chief Growth Officer at Wipro Limited said, Together with Pure Storage, we're helping to meet (customer) need in the area of data storage and in data centres." The company's approach involves assessing, identifying, implementing, and monitoring sustainable technologies that optimize resource utilization and manage down waste, emissions, and energy impacts, she added. Wipro launched its FullStride Cloud Services in

Wipro sharpens its focus on the European market, sees high potential

Wipro CEO & MD Thierry Delaporte said the potential was really good as regions like South Europe or Nordics were growing at more than 20%

Intelligence just got real: IT companies hard-pivot to Generative AI

The company, which will announce its results on July 20, clarified that it was a closure of an old deal. It, however, refrained from disclosing the name of the client

Volume of AI-led deals is growing massively: Wipro CEO Thierry Delaporte

Thierry Delaporte, MD and CEO, Wipro talks about the demand environment, focus on consulting, and AI-led deals

IT companies to focus on fixed price projects to improve margins: Report

Fixed price projects allow companies to control the cost better and also to introduce automation in the projects

Wipro hits 10-month high; stock surges 7% in 2 days post Q1 results

For Wipro, the long-term outlook is expected to improve as demand is set to get back on track as well as investment in Automation and Gen AI based products & solutions will aid growth, analyst said

Sensex rallies 502 pts, ends above 66K; Nifty near 19,600; IT stocks sizzle

CLOSING BELL ON JULY 14, 2023: The BSE benchmark index scaled a fresh summit at 66,160, while the NSE Nifty50 registered a record high at 19,595.

Nifty IT index gains 6% in 2 days; Tech Mahindra, Coforge hit 52-week highs

Mphasis surged 4 per cent, while TCS, Infosys, HCL Technologies and L&T Technology Services gained in the range of 2 to 3 per cent

Wipro Q1FY24 result analysis: How brokerages have interpreted the numbers

On Friday, the stock traded flat at the bourses, in line with the benchmarks, rising a modest 0.2 per cent to Rs 395 levels

Stocks to Watch today, July 14: Senco Gold, Wipro, Dixon, Aptech, Patanjali

Stocks to watch on July 14, 2023: Bandhan Bank, JSW Energy, Just Dial and Kesoram Industries among prominent firms scheduled to announce June quarter earnings on Friday.

Wipro Q1 profit rises 12% to Rs 2,870 cr, revenue up at Rs 22,831 cr

Expects muted Sept qtr as deal ramp-ups, client decision-making slow down

Sensex sheds 505 pts from summit, ends 165 pts up; PSU banks crack; IT gain

CLOSING BELL ON JULY 13, 2023: The NSE Nifty50 hit a new high of 19,567, before finishing with a modest gain of 29 points on Thursday. Broader indices ended in red.

Wipro Q1 results: Net profit rises 11.9% to Rs 2,870 cr, revenue up 6%

"Wipro's first quarter results come with a strong backbone of large deal bookings, robust client additions, and resilient margins," said Thierry Delaporte, CEO and Managing Director

Stocks to Watch today, July 13: Delta Corp, HDFC Bank, Patanjali, SpiceJet

Stocks to watch on July 13, 2023: Shares of TCS and HCL Technologies will react to Q1 earnings on Thursday.

Wipro's Q1 revenue may slip up to 2.3% QoQ; flat margins likely: Analysts

Wipro Q1FY24 preview: According to brokerages, revenue volatility is likely to keep Ebit (earnings before interest and tax) margins range-bound in Q1FY24, pegged between 15.5-16.1 per cent

BFSI, tech clients spending more on cost-optimisation deals: Wipro chairman

Macroeconomic environment remains challenging, impacting client spending: Rishad Premji

Wipro to invest $1 bn in AI over 3 years, launches new platform for tech

Company says Wipro ai360 will help improve value, productivity, commercial opportunities