Page 5 - Wipro

Realigning global business lines to match clients' demands: Wipro

The technology services line is a merger of its previous cloud capabilities (Wipro FullStride Cloud) and data, application platform, digital operations, and cybersecurity (Wipro Enterprise Futuring)

Nifty IT tanks 3%; Wipro, Infy slide up to 6% on Motilal Oswal downgrade

The Nifty IT index hit its lowest level since June 28, 2024, and has declined 17% thus far in the calendar year 2025, as compared to 5% decline in the Nifty 50.

Wipro's revenue to grow by 4.5% in FY26, says Fitch; reaffirms 'A-' rating

IT services firm Wipro's revenue is likely to increase by about 4.5 per cent in FY26, mainly driven by favourable sectoral trends and recovery in discretionary customer spending, according to global rating agency Fitch. The agency retained Wipro's Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) at 'A-' with a stable outlook. "Fitch forecasts Wipro's revenue to increase by around 4.5 per cent in FY26 compared with a slight decline in FY25. We believe that the growth will be supported by a recovery in discretionary customer IT spending, particularly in the US, where customers will benefit from declining interest rates. "We expect customers in Europe to remain under pressure in a weaker economic environment and to focus on cost optimisation and efficiency improvement. There are early signs of revenue recovery in 3Q FY25 with IT services revenue rising by 0.6 per cent year-on-year," the agency said in a statement. Wipro will be able to maintain its solid market ...

Wipro Ventures gets $200 mn from parent to invest in new age startups

The fund will be utilised for three to five investments every year and will focus on new opportunity areas such as generative artificial intelligence (GenAI) and cybersecurity

Wipro to invest $200 mn in Wipro Ventures to accelerate startups funding

IT major Wipro on Wednesday said it will invest USD 200 million (about Rs 1,740 crore) 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. "This latest investment reaffirms our commitment to helping startups grow faster, innovate, and collaborate with the IT services industry to support large enterprises. We envision a collaborative ecosystem, where these emerging technologies can be deployed globally, drive progress, and create sustainable value for all stakeholders involved," Wipro CEO and MD Srini Pallia said. Established in 2015, Wipro Ventures focuses on identifying and investing in promising early-stage startups that drive technological innovation. The Wipro Ventures team connects Wipro and its clients to a global ecosystem o

Down 15% from record high; Nifty IT, 5 tech shares can dip 15% more: charts

Technical outlook on Nifty IT, large-cap technology stocks: The IT index along-with Infosys, TCS, HCL Technologies, Tech Mahindra and Wipro look poised for further losses from present levels.

IT stocks: Nifty IT index slips over 2% on fears of slowing US economy

At 9:57 AM, the Nifty IT index was trading lower by 2.30 per cent, at 39,612. It touched an intra-day low of 39,465.75 during the session so far.

Wipro names Amit Kumar global head of consulting biz to boost capabilities

Kumar, who will report to chief executive Srini Palia, will lead the company's efforts to drive consulting-led, AI-powered growth and guide clients through business and technology changes

Wipro bags multi-million dollar deal from Etihad Airways for IT upgrade

IT services company Wipro on Thursday announced that it has been selected by Etihad Airways -- the national airline of the United Arab Emirates -- to lead its comprehensive technology modernisation. Wipro did not divulge the financial details of the five-year contract. "Wipro wins multi-million-dollar deal by Etihad Airways for IT transformation and cost optimisation," the Bengaluru-headquartered company said in a release. Wipro will ensure seamless migration of legacy systems and improve operational efficiency across key areas, including workplace, network, infrastructure, and service management. Wipro FullStride Cloud will deliver a customised cloud-based solution that will provide Etihad Airways real-time insights into their resource utilisation and improve operational agility and scalability for their global operations. "Wipro will also integrate Generative Artificial Intelligence (GenAI) modules across the IT framework -- from automation of data centres to conversational supp

Dividend, Bonus: BPCL, MPS, Technopack Polymers to remain in focus today

Here are the complete details of stocks trading ex-date tomorrow along with their respective corporate announcements

Dividend, Stock-split: Wipro, Tips Music, 4 others to remain in focus

Here are the complete details of companies whose shares will trade ex-date tomorrow, along with their corporate announcements and key details

Dividend, Bonus issue: Wipro, BPCL, 29 others to trade ex-date next week

Here is the complete list of companies whose shares will trade ex-date next week, along with their key corporate announcements as per data available on the BSE

Wipro surges 5%, hits 3-year high; stock soars 15% in 4 days on strong Q3

Wipro's current combination of a favourable portfolio mix, new CEO ushering in positive momentum, strong margin performance and inexpensive valuations make for an attractive risk-reward profile

Ajit Mishra of Religare Broking says buy Wipro, Apollo Tyres, Bajaj Finserv

On the weekly chart, Wipro stock has been in a steady uptrend since April 2023, reflecting a sustained bullish trajectory.

Wipro's Q3FY25 results exceed projections, yet analysts remain divided

Wipro's Q3FY25 net profit rose 24.5 per cent Y-o-Y to Rs 3,350 crore, with a 4.5 per cent Q-o-Q increase. Revenue was Rs 22,320 crore, up 0.5 per cent Y-o-Y and flat Q-o-Q

Wipro eyes best day in 4 yrs on echoing hopes of IT peers' demand revival

Wipro beat third-quarter profit estimates and forecast revenue in the current quarter could increase sequentially by up to 1 per cent, compared with no growth last quarter

Infosys, TCS, Wipro: How to trade IT stocks post Q3 results; guide here

Technical charts show that HCL Technologies, TCS, Infosys and Tech Mahindra shares could fall up to 8% from here on; while, Wipro can potentially rally by another 11%. Check key levels here

Stocks to Watch, Jan 20: Paytm, Zomato, Wipro, Tech Mahindra, Adani Energy

Stocks to watch on January 20, 2025: Wipro's Q3 net profit increased to Rs 3,354 crore from Rs 3,209 crore Q-o-Q, while revenue was Rs 22,319 crore, slightly above estimates

IT major Wipro plans to onboard 10,000-12,000 campus hires in FY26

TCS and Infosys have also announced plans to hire more freshers in the next financial year

Wipro Q3 results: Net profit rises 24.5% to Rs 3,350 cr, beats estimates

Revenue for the March quarter was marginally up by 0.5 per cent from the year-ago period to Rs 22,320 crore