Wipro's consolidated revenue from operations during the reported quarter grew about 28 per cent to Rs 20,860 crore
Based on average employee costs of $25,000 per annum for India-based resources and $50,000 for US resources, the move will release around $100 billion in salaries and associated expenses
The company's revenue from operations rose by 3.4 percent to Rs 16,245.4 crore in the reported quarter from Rs 15,711 crore in the same period last fiscal
The top five gainers were Tata Motors, M&M, Wipro, Adani Ports and NTPC, while the top losers were ONGC, HDFC, Dr Reddy’s Labs, Coal India and Power Grid Corp
The company, which gets a bulk of its topline from IT services, said it expects revenues from that business to be in the range of $2,102 million to $2,143 million in the March 2021 quarter
Former Capgemini COO Thierry Delaporte becomes first non-Indian CEO of Wipro, says ‘excited to be in charge’
Thierry Delaporte added that as the world emerges from the COVID-19 crisis, he is confident Wipro will continue to be the 'trusted technology services partner for its customers.'
Wipro shares jump nearly 7%c on Thierry Delaporte's appointment as CEO, MD; market valuation rises to Rs 1.21 lakh cr
In January this year, Wipro had said its CEO and Managing Director Abidali Z Neemuchwala decided to step down from the position.
Shares of Wipro on Friday jumped nearly 4 percent after the company announced the appointment of Capgemini Group veteran Thierry Delaporte as its Chief Executive Officer and Managing Director, effective 6 July, 2020
Thierry Delaporte, who will replace Abidali Neemuchwala, was most recently the chief operating officer of Capgemini Group.
Stock markets end day's session in green: Sensex up over 500 points, Nifty nears 9,500; Zee, Eicher Motors top gainers
Sensex hit a high of 32,267.23 points during the day ahead of the expiry of May derivatives contracts. It finally ended 595.37 points or 1.88 percent higher at 32,200.59.
Markets end strong after subdued sessions: Sensex rallies over 990 points, Nifty surges to 9,315; Axis Bank top gainer, soars over 13%
Sensex rallied 996 points on Wednesday, led by massive gains in banking and IT stocks ahead of the expiry of monthly derivatives amid firm overseas cues.
Wipro launches global channel partner programme for innovative products, platforms; move to provide new growth opportunities
Several Wipro products have helped clients meet their requirements for remote working, business continuity, security, and seamless supply chain and worker safety among others
HCL Tech Q4 results better than expectations: Net profit up 22.8% at Rs 3,154 cr, announces dividend of Rs 2
HCL Tech's revenue grew 16.3 percent to Rs 18,590 crore in the quarter under review, from Rs 15,990 crore in the corresponding quarter last year, as per US GAAP
Wipro signs pact with Maharashtra govt to convert Pune facility to 450-bed COVID-19 hospital; to be handed over by 30 May
Wipro said it will provide the physical infrastructure, medical furniture and equipment besides appointing an administrator and skeletal support staff to help operationalise the hospital quickly.
Hexaware Technologies Q1 net profit rises 26.3% to Rs 175 cr, revenue up 22%; suspends annual guidance for FY20
Hexaware said the company was early in transitioning to work from home (WFH) mode, much before the government-mandated lockdown.
The Indian IT sector is staring at a revenue growth sliding to a decadal low of up to 2 percent and an impact on profitability owing to narrowing of margins due to the COVID-19 pandemic, a report said on Friday
Shares of IT major Infosys on Tuesday declined nearly 4 percent after the company refrained from providing a revenue outlook for FY21, citing uncertainty amid Covid-19 outbreak that is expected to impact its business in the near-term
Infosys Q4 net profit up 6.3% at Rs 4,335 cr, revenue rises 8%; suspends FY21 guidance citing uncertainty
The country's second-largest IT services player Infosys on Monday reported a 6.3 percent rise in consolidated net profit to Rs 4,335 crore for March 2020 quarter
TCS shares jump 5.5% post-Q4 earnings, m-cap rallies Rs 34,222 cr; investors anticipate demand recovery in Q3
TCS on Thursday reported a marginal dip in March quarter net at Rs 8,049 crore.
The country's largest software services firm Tata Consultancy Services on Thursday reported a marginal drop in consolidated net profit to Rs 8,049 crore for March 2020 quarter