Wipro Limited - WIT STOCK NEWS

Wipro Limited (NYSE: WIT) has been recognized as a Leader in the Avasant High-Tech Digital Services 2021-2022 RadarView Report. The report evaluates service providers as long-term partners for global organizations. Key highlights include Wipro's practice maturity with over 3000 certified experts, strong client relationships with more than 130 active clients, and significant investments in innovative solutions. Wipro’s leadership was noted across practice maturity, investment, innovation, and partner ecosystem, which are critical for delivering comprehensive digital services.

Wipro Limited (NYSE: WIT) has announced the launch of a Legacy Migration and Modernisation Lab in Sydney to assist companies in Australia and New Zealand with cloud adoption. This initiative, in partnership with Micro Focus and Amazon Web Services (AWS), aims to streamline mainframe application optimization for the cloud. The lab will serve as a training facility to demonstrate modernisation tools, reducing operational costs and mitigating risks associated with legacy systems. Wipro's investment of $1 billion in cloud technologies reflects its commitment to enhancing cloud capabilities.

Wipro Limited (NYSE: WIT) has appointed Kimberly Watson as the new Country Head and Managing Director for Canada. With over 30 years in the ICT sector, Watson aims to drive growth, localization, and client engagement in key sectors. Previously, she held senior roles at IBM Canada. Wipro has invested significantly in Canada, marking its fifteenth year of operations in the region, enhancing its local presence and capabilities. CEO Angan Guha emphasized that Watson’s leadership will enhance Wipro’s market position in Canada.

Wipro Limited (NYSE: WIT) has entered a multi-year global strategic IT deal with National Grid, aiming to enhance digital transformation and sustainability.

This partnership will involve consolidating multiple data centers across the UK and US, achieving over a 60% reduction in data center footprint and a 40% decrease in CO2 emissions.

Wipro's Boundaryless Enterprise solutions will facilitate a transition to managed services and a hybrid cloud environment, emphasizing next-generation hosting services aligned with National Grid’s Net Zero carbon commitment.

Wipro Limited (NYSE: WIT) reported strong financial results for the quarter ending September 30, 2021, showing 8.1% QoQ and 28.8% YoY growth in IT Services revenue, totaling $2.58 billion. Net income rose 18.9% YoY to Rs 29.3 billion ($395.2 million), with earnings per share (EPS) increasing 23.8% YoY to Rs 5.36 ($0.071). Operating margins remained stable at 17.8%. The firm forecasts IT Services revenue between $2,631 million and $2,683 million for Q3, indicating sequential growth of 2.0% to 4.0%.

Wipro Limited (NYSE: WIT) will announce its second-quarter results for the fiscal year ending September 30, 2021, on October 13, 2021, after market hours in India. The results will be accessible on the company's investor relations website. Following the announcement, senior management will host a conference call at 7:15 PM IST (9:45 AM ET) to discuss the performance. Questions can be submitted prior to the call, and an audio replay will be available shortly after. Wipro is noted for leveraging technology to drive its services.

Wipro Limited (NYSE: WIT) hosted its 16th annual 'Spirit of Wipro' Run, engaging thousands from over 35 countries in a virtual event emphasizing community and resilience. The theme 'Together. To greatness' highlights Wipro's commitment to social impact, with funds raised directed to support education and pandemic relief efforts. CEO Thierry Delaporte praised the commitment of Wipro employees to community engagement, while Saurabh Govil expressed the event's significance in fostering a purpose-driven culture. The company continues to prioritize making a positive impact in local communities.

Wipro Limited (NYSE: WIT) released a report highlighting significant cloud adoption benefits. Based on a survey of 1,300 executives, it reveals cloud leaders achieve a 10x greater ROI than beginners. The report indicates that 59% of firms expect increased revenue and 54% anticipate improved profitability from cloud investments over the next two years. Key best practices include broad investment beyond infrastructure and executive engagement. Wipro plans to invest $1 billion in cloud technologies, aiming to enhance competitive differentiation in the market.

Wipro Limited (NYSE: WIT) released a report detailing how cloud adoption by leaders yields a 10x greater return on investment compared to beginners. Based on a survey of 1,300 executives across six countries and 11 industries, the report highlights the shift in cloud benefits from efficiency to profitability. Key findings show that 59% of firms anticipate increased revenue, and 54% expect improved profitability through cloud investments. Wipro aims to assist businesses in achieving cloud leadership and maximizing their ROI through strategic cloud initiatives.