Page 20 - Wipro

Wipro chairman Rishad Premji's compensation down 50% as profits fall

If one has to take the Covid period as an example, several senior executives and managers have taken pay cuts

Nifty IT index reclaims 200-DMA; what does this mean for IT stocks?

So far this year, Persistent Systems is the top contender surging close to 30 per cent, while Infosys remains as the top loser, plunging 14 per cent.

Infosys rolls out a 60% average variable payout; Wipro's at 80.2%

IT company Infosys has decided to roll out a 60 per cent average variable payout for its employees for Q4 FY23, while for Wipro the payout stands at 80.2 per cent, according to sources. In an internal communication to employees, Infosys said that the Performance Bonus recommendation for Q4 FY2022-23 has been completed, and the payout is scheduled to take place in May 2023 payroll. Infosys' average payout stood at 60 per cent for Q4 FY23, according to a source. For Wipro, the variable payout for the fourth quarter of FY23 is at 80.2 per cent, a person familiar with the development said. An e-mail sent to Infosys went unanswered, and Wipro declined to comment. It is pertinent to mention that the Q4 scorecard and outlook given by several IT companies missed street estimates amid global uncertainties, and market watchers expect the next few quarters to be choppy given the prevailing customer sentiments across BFSI, technology services and certain other verticals, particularly in the U

Wipro Share Buyback: Here's how retail investors can benefit

Wipro has approved a Rs 12,000 crore share buyback at Rs 445 per share. Currently, the stock trades at a 16 per cent discount to the buyback price.

Wipro enters into a five-year business partnership with ServiceNow

The agreement expands on the two companies' existing partnership and is expected to help accelerate Wipro's goal of building a $1 billion business with ServiceNow by the end of 2026

Wipro is largest unsecured creditor of crisis-hit Vice Media, says report

The media group owes Wipro $9.9 million after the latter won an arbitration award

Stocks to Watch today, May 16: RIL, Adani Ent, HDFC, Airtel, BoB, IOC

Stocks to Watch on Tuesday: Multiplex firm PVR Inox Ltd, on Monday, reported a widening in consolidated net loss at Rs 333 crore for Q4FY23

Wipro FullStride Cloud Studio inks partnership with Google Cloud's RaMP

The partnership will deliver faster cloud migration tied to business outcomes

IT firms hired more women in 2022-23, 6.5% growth registered: Survey

A survey conducted by staffing firm Xpheno found that the proportion of women employees increased 6.5% at the top IT companies in FY23

Wipro gains 3% on announcing Rs 12,000 crore share buyback via tender route

The IT services major intends to buy back about 4.91 per cent of its shares at Rs 445 per share through tender route

Stocks to watch: Godrej Consumer, Axis Bank, Wipro, IRB Infra, IHCL, ACC

Stocks to watch today: From Godrej Consumer to Axis Bank, here are top stocks to watch in Friday's trade

Q4 results: India's IT services biggies fail to meet expectations

Wipro net dips 0.4% in Q4, guides for revenue contraction in current quarter

Wipro Q4 profit declines 0.41% to Rs 3,074.5 cr, revenue rises 14.4%

Net profit for the full year FY23 dipped 7.16 per cent to Rs 11,366.50 crore

Wipro announces Rs 12,000-crore share buyback at Rs 445 per share

IT services firm initiated a similar programme in 2020 worth Rs 9,500 crore

Wipro Q4 net profit dips 0.4% to Rs 3,074.5 crore; revenue rises 11.7%

The IT major also approved a share buyback for 2.69 crore shares at Rs 445 per share

Nifty ends April F&O series above 17900; Bajaj twins, Bharti Airtel support

CLOSING BELL: The S&P BSE Sensex, meanwhile, rallied 349 points to settle at 60,649

Stocks to watch: Wipro, HUL, Axis Bank, Bajaj Finance, Tata Power, Abbott

Stocks to watch today: From Hindustan Unilever to Wipro, here are top stocks to watch in Thursday's trading session

Wipro Q4 preview: Soft quarter likely; share buyback, Q1FY24 guidance eyed

Wipro Q4FY23 preview: As per an average of brokerage estimates, the company could report an average of Rs 23,586 crore of revenue, up 12-13.2 per cent year-on-year (YoY)

HCL bucks the trend; says it intends to hire as others continue to fire

The firing spree was not limited to back-office jobs and affected big tech companies, including Amazon, Meta, Microsoft, and Google parent Alphabet, among others

Wipro gains 3% as board to consider share buyback on April 27

In past one year, Wipro has underperformed the market by falling 29%, as compared to 6% rise in the S&P BSE Sensex.