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Wipro bags multi-year contract from Denmark’s Falck
Posted on 29th August 2018 |
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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. |
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Wipro Appirio posts Rs 11 crore profit
Posted on 16th August 2018 |
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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. |
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Wipro, ITC, Cadila take lead in race to acquire Complan
Posted on 13th August 2018 |
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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. |
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Wipro pays $75 million to US energy utility to settle suit
Posted on 6th August 2018 |
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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. |
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Wipro to settle National Grid lawsuit for $75 million
Posted on 4th August 2018 |
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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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Wipro plans to hire more freshers from campuses this year as demand rises
Posted on 23rd July 2018 |
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Wipro, the country’s third-largest IT services company, is planning to hire more number of freshers from campuses this fiscal year as compared to that of previous fiscal year as the firm sees an uptick in demand in key markets and verticals. With employee utilisation levels touching a high of 85.2 per cent at the end of June quarter, the company also needs a bench of reserved employees to deploy in newer projects |
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Wipro bounces back in Q1, net profit rises 2% to Rs 21 billion
Posted on 21st July 2018 |
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Wipro, India’s third-largest IT services company, on Friday announced better-than-expected financial numbers for the first quarter ended June 2018. This was backed by a revival in the key BFSI (banking, financial services, and insurance) vertical, apart from strong growth in North America, which accounts for 55 per cent of the company’s revenues. |
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Tech Mahindra's Gurnani earned most, but Wipro's Neemuchwala took home more
Posted on 10th July 2018 |
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While Tech Mahindra Chief Executive Officer CP Gurnani continues to earn the highest remuneration among IT giants, in gross salary terms most CEOs took home a modest package led by Wipro's Abidali Neemuchwala. Gurnani earned Rs 1.46 billion in 2017-18, which is 3,150 times the median employee remuneration (MRE) at the company. However, Gurnani's remuneration consisted of Rs 1.42 billion in stock options granted to him in 2013 and exercised during the current financial year. |
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Wipro CEO's pay rises 34.5% in FY18
Posted on 25th June 2018 |
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Wipro chief executive Abidali Z Neemuchwala saw his pay package growing over 34 per cent to Rs 182.3 million during FY2017-18 compared to the previous fiscal, as per the company's annual report. Chief Strategy Officer Rishad A Premji’s compensation also grew by more than 250 per cent to Rs 58 million in the said fiscal. |
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HCL ups the ante to dislodge Wipro from number 3 position
Posted on 21st June 2018 |
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Anil Chanana let the cat out of the bag at an analyst call earlier this year. The chief financial officer of HCL Technologies said he expects half the growth for the current fiscal to come organically. “If I take 10.5% as being the middle of the range, I am cutting it exactly in half — 5.25% is organic and 5.25% is inorganic.” |
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