Welcome to our dedicated page for Wipro news (Ticker: WIT), a resource for investors and traders seeking the latest updates and insights on Wipro stock.
Wipro Limited (WIT) is a global leader in IT services, consulting, and business process solutions. This news hub provides investors and professionals with essential updates on corporate developments, strategic initiatives, and operational milestones.
Access timely announcements including quarterly earnings reports, technology partnerships, and leadership updates. Our curated collection simplifies tracking Wipro's market position in cloud services, digital transformation, and offshore outsourcing.
Key updates cover mergers & acquisitions, new service launches, and industry recognitions. All content is verified through primary sources to ensure reliability for investment research and competitive analysis.
Bookmark this page for streamlined access to Wipro's evolving business strategy and technology leadership. Check regularly for objective reporting on developments impacting the IT services sector.
VMware (NYSE: VMW) and Wipro (NYSE: WIT) are expanding their partnership to assist customers in modernizing applications and transitioning to the cloud with enhanced efficiency. This collaboration aims to simplify multi-cloud initiatives, addressing complexities that can impede application development.
The alliance combines VMware Cross-Cloud™ services with Wipro FullStride Cloud Services, promoting quicker deployment of modern applications while managing costs and risks. Together, they aim to help enterprises accelerate innovation and optimize cloud operations across multiple regions.
Wipro Limited (NYSE: WIT) reported robust financial results for the fiscal year ending March 31, 2022, with gross revenue of Rs 790.9 billion ($10.4 billion), marking a 27.7% increase YoY. IT Services segment revenue rose 27.3% YoY to $10,355.9 million. Net income reached Rs 122.2 billion ($1.6 billion), up 13.2% YoY, with EPS growing 17.0% to Rs 22.35 ($0.291). However, operating margin for the year fell 254 bps to 17.7%. Outlook for Q1 FY2023 anticipates revenue between $2,748 million and $2,803 million, reflecting 1% to 3% sequential growth.
Wipro Limited (NYSE: WIT) has announced the acquisition of Rizing Intermediate Holdings, Inc., a strategic move to enhance its SAP consulting capabilities. This acquisition aims to bolster Wipro's services in digital transformation and industry expertise, significantly expanding its market reach in sectors such as oil, gas, and manufacturing. The deal is poised to create a unique SAP service offering and is expected to close by the end of Q2 2022, pending regulatory approvals. Rizing will continue to operate under its brand, enhancing Wipro's leadership in SAP Cloud services.
Rizing LLC, an SAP-focused IT systems integrator, is being sold by One Equity Partners to Wipro Limited (NYSE: WIT). This move follows the company’s strategic growth through five acquisitions since 2018, aimed at diversifying revenue and increasing service capabilities. The acquisitions include companies in the U.S., Singapore, and Sri Lanka, enhancing Rizing’s global presence and customer base. The strategic initiative is expected to bolster Wipro's service offerings within the SAP ecosystem as Rizing continues to serve global clients effectively.
Wipro Limited (NYSE: WIT) will announce its fourth-quarter and annual results for the year ending March 31, 2022, on April 29, 2022, after market hours in India. A management conference call will follow at 7:30 PM IST (10:00 AM ET) to discuss the performance and answer questions. Interested parties can access the audio online and participate via dial-in numbers provided. Wipro is recognized for its IT, consulting, and business process services, employing over 240,000 staff globally.
Topcoder, a Wipro company, has successfully conducted a data science challenge for NASA, resulting in the detection of two previously unnoticed comets. The Marathon Match Challenge mobilized nearly 600 participants to develop AI/ML algorithms that enhance the detection capabilities of NASA’s SOHO satellite. As part of the competition, a total of
Wipro Limited (NYSE: WIT) has announced its acquisition of Convergence Acceleration Solutions, LLC (CAS Group), a U.S.-based consulting firm specializing in business and technology transformation for Fortune 100 communications service providers. This strategic acquisition aims to enhance Wipro's capabilities in delivering end-to-end solutions, leveraging CAS Group's expertise and client relationships. The move aligns with Wipro's growth agenda and is expected to strengthen its position in the high-growth telecommunications sector by providing advanced services related to 5G, IoT, and digital transformation.
Wipro Limited (NYSE: WIT) has appointed Anis Chenchah as the new Chief Executive Officer for the APMEA region and as a member of the Wipro Executive Board. Chenchah, previously Global CEO at Capgemini Business Services, brings over 20 years of experience in IT and Consulting. This leadership change follows N S Bala’s decision to step down for personal reasons. Wipro aims to leverage Chenchah's expertise to enhance growth in the Asia Pacific, India, Middle East, and Africa markets, emphasizing the importance of digital transformation and innovation in its strategic plans.
Guidewire (NYSE: GWRE) has partnered with Wipro (NYSE: WIT) as a Select level alliance member in the PartnerConnect program. This collaboration aims to enhance insurers' digital transformations and operational efficiency across North America, EMEA, and APAC regions. Wipro will leverage its expertise in property and casualty insurance and its dedicated Guidewire center of excellence to deliver tailored solutions. Both companies expect this partnership to positively impact business processes and time to market for insurance clients.
