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Wipro takes over Australia’s Syfte design consulting team
Posted on 11th December 2018
IT firm Wipro Tuesday said it has taken over the strategic design consulting team at Syfte, an Australian agency that uses design thinking to solve client challenges. Syfte’s team of designers will be absorbed within Designit — one of Wipro’s strategic arms — further strengthening its design and innovation capabilities, Wipro said in a statement.

Wipro aims to make $150 million from intellectual property this FY
Posted on 1st December 2018
BENGALURU: Wipro has set a target of $150 million in revenue from its intellectual property (IP) in this financial year, said people aware of the matter. Last year, the Bengaluru-headquartered software services company had clocked a revenue of about $80 million from IP-led business, in keeping with chief executive Abidali Neemuchwala’s strategy to extract more value from the segment, said a person with direct knowledge of the IP business.

Wipro appoints ex-IBM Bill Stith as healthcare head
Posted on 20th November 2018
New Delhi: Wipro Ltd has appointed former International Business Machines Corp. (IBM) executive Bill Stith to revive the fortunes of the Bengaluru-based company’s healthcare and life sciences division. Stith, who headed IBM’s healthcare and life sciences business in the US, is the third top external hire by chief executive officer Abidali Neemuchwala. His hiring is also Wipro’s third top-level management change in 2018.

From Wipro to Infosys, IT firms to realign client base on digital push
Posted on 17th November 2018
With digital services emerging as the next growth driver for information technology (IT) services firms, quality of revenue is taking precedence over quantity, leading to a fair amount of rationalisation of customers.

This trend is reflected in the active customer base of Indian IT services firms, which grew at a tepid pace for the last three years despite healthy additions of clients every quarter.

Wipro sees strong demand environment in global markets
Posted on 25th October 2018
Unfazed by double-digit decline in annual and quarterly net profit and posting lower growth than rival HCL Technologies in revenue, software major Wipro on Wednesday sounded upbeat on demand environment being strong in global markets for its IT services.

“Demand environment and traction in global markets continues to be strong, especially for digital transformation and enterprise scale modernisation services,” Wipro Chief Executive Abidali Neemuchwala told reporters here.

Wipro Q2 profit drops nearly 14% to ₹ 1,889 crore
Posted on 24th October 2018
Bengaluru: Indian software services exporter Wipro Ltd on Wednesday reported a 13.8% fall in second-quarter net profit, dented by higher expenses.

The Bengaluru-based company posted a net profit of 1,889 crore ($258.09 million) in the quarter ended 30 September, compared with 2,192 crore a year earlier, the company said on Wednesday.

Ensono takes over Wipro’s hosted data services
Posted on 11th October 2018
After acquiring Wipro’s Hosted Data Centre Services business in US, Europe and Singapore, US-based Ensono has now completed its acquisition of the company’s Indian assets. It has also moved into its own facility with its headquarters in Pune.

“Enson acquired Wipro’s business from for $405 million. Post this acquisition, the company has invested millions of dollars more on the new facility and will continue to invest on resources over the next two to three yeas,” Jeff VonDeylen, CEO of Ensono said.

Wipro bets on $1.6-billion Alight deal to tide over growth woes
Posted on 22nd September 2018
After several quarters of slow growth, IT major Wipro is seen to have regained the momentum with the clinching of the $1.6-billion Alight deal earlier this month.

The contract has not only cemented the position of its chief executive officer (CEO) Abidali Neemuchwala, it has also proven the ability of the current management to successfully chase and close larger deals that are becoming scarcer in the market.

Hiring picks up at TCS, Infosys, Cognizant, Wipro and HCL Tech
Posted on 12th September 2018
New Delhi: The top five software services providers operating in India added 24,047 people in the first quarter of this fiscal, compared with the 13,772 net additions in the previous fiscal, leading many experts to believe that the industry is set to record the fastest growth in three years. The turnaround in the pace of hiring at Tata Consultancy Services Ltd (TCS), Cognizant Technology Solutions Corp.,

Wipro gains for seventh straight trading day; stock up 16% in one month
Posted on 6th September 2018
Shares of Wipro were up for the seventh straight day, rising to Rs 322, up 1% on the BSE.

In past three trading days, the stock has risen 4% after the information technology (IT) services firm on Sunday announced that it has won its largest contract to date from US-based human resources (HR) and financial solutions company Alight Solutions LLC. The stock hit a high of Rs 328 during intra-day trade on Monday, September 3, 2018.

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