Abidali Z-neemuchwala

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Abidali Z-neemuchwala - Total results - 23
Wipro shares decline 6% post Q4 earnings, IT major posts 6% fall in net profit to Rs 2,345 crore
Business

Wipro shares decline 6% post Q4 earnings, IT major posts 6% fall in net profit to Rs 2,345 crore

Shares of IT major Wipro on Thursday dropped 6 percent after the company posted a 6 percent decline in net profit for March quarter that was battered by the fallout of Covid-19

Wipro Q4 net profit slips 6% to Rs 2,345 cr; suspends revenue guidance amid uncertainty over coronavirus
Business

Wipro Q4 net profit slips 6% to Rs 2,345 cr; suspends revenue guidance amid uncertainty over coronavirus

IT major Wipro Ltd on Wednesday posted nearly 6 percent decline in consolidated net profit to Rs 2,345.2 crore for January-March 2020 quarter, and suspended revenue growth guidance due to uncertainty in the external environment amid coronavirus pandemic

Wipro CEO Abidali Z Neemuchwala to step down, Board starts search for successor
Business

Wipro CEO Abidali Z Neemuchwala to step down, Board starts search for successor

Neemuchwala, 52, will continue to hold the office of the CEO and Managing Director, until a successor is appointed for a smooth transition and to ensure that business continues as usual, the company said in a BSE filing

Wipro Q3 net profit dips 2.17% to Rs 2,456 cr; company expects IT services revenues of $2.1 bn in Q4
Business

Wipro Q3 net profit dips 2.17% to Rs 2,456 cr; company expects IT services revenues of $2.1 bn in Q4

IT services major Wipro on Tuesday posted 2.17 percent dip in consolidated net profit to Rs 2,455.9 crore for December 2019 quarter

Wipro September quarter net profit jumps 35% to Rs 2,552 cr, beats estimates; revenue up 4%
Business

Wipro September quarter net profit jumps 35% to Rs 2,552 cr, beats estimates; revenue up 4%

Wipro reported a better-than-expected September-quarter profit on Tuesday, as the Indian software exporter managed to withstand a global spending squeeze among its financial clients that has hurt the sector overall

Mukesh Ambani, IOC's Sanjiv Singh, ONGC's Shashi Shanker in list of world's top CEOs
Business

Mukesh Ambani, IOC's Sanjiv Singh, ONGC's Shashi Shanker in list of world's top CEOs

Richest Indian Mukesh Ambani, Indian Oil Corporation (IOC) Chairman Sanjiv Singh and ONGC head Shashi Shanker are among the 10 Indian CEOs named in the CEOWORLD magazine's global ranking of the world's most influential chief executives in 2019

Azim Premji's pay package rose 95% to $262,054 in FY19; CEO Abidali Neemuchwala's package grew 41% to $3.9 mn: Wipro
Business

Azim Premji's pay package rose 95% to $262,054 in FY19; CEO Abidali Neemuchwala's package grew 41% to $3.9 mn: Wipro

Rishad Premji, who is set to take over the reins of the Bengaluru-based software services company soon, took home compensation of $987,652 (about Rs 6.8 crore) in 2018-19

Rishad brings new ways of thinking and competence, will lead Wipro to greater heights: Azim Premji to staff
Business

Rishad brings new ways of thinking and competence, will lead Wipro to greater heights: Azim Premji to staff

In a message to employees, Premji exuded confidence that Wipro will continually transform to scale new heights as the world changes but remain firmly committed to its values.

Azim Premji to retire as executive chairman of Wipro on 30 July; son Rishad to take over
Business

Azim Premji to retire as executive chairman of Wipro on 30 July; son Rishad to take over

Azim Premji, one of the pioneers of the Indian technology industry and founder of Wipro Limited, will retire as executive chairman upon the completion of his current term on 30 July, 2019.

Breach of employee accounts will not have any effect on Wipro's financials, says COO
Business

Breach of employee accounts will not have any effect on Wipro's financials, says COO

A few of its employee accounts had been affected by an "advanced phishing campaign", and it has taken remedial steps, Wipro COO B M Bhanumurthy said

Wipro Q3 net profit rises 31.8% to Rs 2,544.5 crore; revenue from operations expands 10.17% to Rs 15,059.5 crore
Business

Wipro Q3 net profit rises 31.8% to Rs 2,544.5 crore; revenue from operations expands 10.17% to Rs 15,059.5 crore

Wipro's board has also approved an issue of bonus shares - offering one bonus share for every three held by shareholders, a BSE filing said.

Wipro sees challenges in healthcare business in US amid Obamacare uncertainties
Business

Wipro sees challenges in healthcare business in US amid Obamacare uncertainties

The healthcare market accounts for nearly 13 percent of Wipro’s IT sales and reform of the sector in the United State

Wipro Q2 net profit drops 14% to Rs 1,889 cr; names Arundhati Bhattacharya as independent director
Business

Wipro Q2 net profit drops 14% to Rs 1,889 cr; names Arundhati Bhattacharya as independent director

Wipro, which gets bulk of its topline from IT services, said the IT services segment revenue was at Rs 14,380 crore ($2 billion).

Wipro bags biggest-ever contract of $1.5 bn from US firm Alight Solutions; 10-year deal to result in $1.6 bn in revenues
Business

Wipro bags biggest-ever contract of $1.5 bn from US firm Alight Solutions; 10-year deal to result in $1.6 bn in revenues

In July this year, Wipro had partnered Alight Solutions to take over the latter's captive operations in India - Alight HR Services India - for a consideration of $117 million.

Wipro says it has won a $1.5 bn from US-based technology firm Alight
News & Analysis

Wipro says it has won a $1.5 bn from US-based technology firm Alight

Wipro has built its strategic investments in digital, cloud platforms and cognitive platform.

Wipro sees strong demand for services from BFSI segment; faces challenges in domestic biz, US healthcare
Business

Wipro sees strong demand for services from BFSI segment; faces challenges in domestic biz, US healthcare

Bengaluru-based Wipro said it expected revenue form its key IT services business for the quarter ending September to be in the range of $2.01 billion to $2.05 billion.

Wipro's Q1 net profit up 2% to Rs 2,120.8 crore; revenue from operations grows 2.5% to Rs 13,977.7 crore
Business

Wipro's Q1 net profit up 2% to Rs 2,120.8 crore; revenue from operations grows 2.5% to Rs 13,977.7 crore

Wipro CEO Abidali Z Neemuchwala said company had witnessed a "good quarter of order bookings" and exuded that it is moving in the "right direction"

Wipro CEO Abidali Neemuchwala's pay package up 34.5% to Rs 18 cr in FY18; Azim Premji's by 10.13% to Rs 87 lakh
Business

Wipro CEO Abidali Neemuchwala's pay package up 34.5% to Rs 18 cr in FY18; Azim Premji's by 10.13% to Rs 87 lakh

Wipro's Chief Strategy Officer (CSO) Rishad A Premji's compensation also grew by more than 250 percent to Rs 5.8 crore in the said fiscal.

Wipro July-Oct net profit up 6% at Rs 2,192 cr, IT services revenue seen rising next quarter
Business

Wipro July-Oct net profit up 6% at Rs 2,192 cr, IT services revenue seen rising next quarter

Some analysts doubted the year-end forecast. The forecast range is wide and gives no clear indication of any possible traction, they said