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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.

Wipro stock rises 8% on back of $1.5 billion deal from Alight Solutions
Posted on 4th September 2018
The Wipro stock gained as much as 8.5 per cent intra-day on Monday, its highest such gain in five years. This was after the company announced on Sunday that it had bagged its largest order, worth $1.5 billion (Rs 106 billion) from US-based Alight Solutions. The 10-year order would translate to an incremental $150 million (Rs 10.6 billion) annually over the contract period. This is two per cent of the current revenue.

Wipro bags multi-year contract from Denmark’s Falck
Posted on 29th August 2018
BENGALURU: Wipro has bagged a multi-year business process services and finance transformation contract from Denmark-based Falck.

The Bengaluru-headquartered software services exporter said it would help Falck, international supplier of ambulance services, employee health care and roadside assistance, in their transformation journey to establish a scalable and efficient finance operating model.

Wipro Appirio posts Rs 11 crore profit
Posted on 16th August 2018
BENGALURU: Appirio India Cloud Solutions is the only company that has reported growth in business among four of Wipro’s subsidiaries, which are slated to be merged into its parent.

Appirio India, which specialises on cloud computing based services, reported Rs 11.12 crore profit on revenues of Rs 76.17 crore in FY18. Last financial year, Appirio reported Rs 10.78 crore profit on revenues of Rs 69.74 crore.

Wipro, ITC, Cadila take lead in race to acquire Complan
Posted on 13th August 2018
Mumbai: ITC Ltd, Wipro Consumer Care & Lighting Ltd and Cadila Healthcare Ltd are readying to submit binding offers to buy Kraft Heinz India’s popular nutritional drink brand, Complan, two people directly aware of the development said. All three bidders are expected to submit binding bids by 15 September, the deadline set by the investment bankers—JP Morgan and Lazard—managing the transaction, the people cited above said, requesting anonymity as the discussions are private.

Wipro pays $75 million to US energy utility to settle suit
Posted on 6th August 2018
BENGALURU: Wipro has effected a $75-million settlement with its decade-old customer National Grid for release of all claims under a lawsuit the latter filed in a New York district court against the firm in 2017.

National Grid is an electricity, natural gas, and clean energy delivery company that supplies energy for more than 20 million people through its networks in New York, Massachusetts, and Rhode Island.

Wipro to settle National Grid lawsuit for $75 million
Posted on 4th August 2018
Wipro said it has effected a settlement of the lawsuit filed by National Grid US for $75 million (Rs. 499 crore), which would impact its July-September results.

The company, India's third largest software services exporter, said this settlement is for the release of all claims under the lawsuit with National Grid US.

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