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Wipro Limited - WIT STOCK NEWS

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, headquartered in Bengaluru, India, is a leading global provider of information technology, consulting, and business process services. With a workforce of 175,000 employees worldwide, Wipro has established itself as a key player in the IT services sector.

Founded in 1945, Wipro has grown substantially over the decades, particularly in the IT services domain. The company leverages its offshore outsourcing model, deriving over 57% of its revenue from North America. Wipro offers a comprehensive range of services including traditional IT services such as consulting, managed services, and cloud infrastructure services, in addition to business process outsourcing (BPO).

In recent years, Wipro has achieved several key milestones. For instance, the company has forged strategic partnerships with industry leaders to expand its service offerings and enhance its technological capabilities. Wipro's investment in emerging technologies like artificial intelligence, machine learning, and cybersecurity has positioned it at the forefront of innovation in the IT sector.

One of Wipro's significant strengths lies in its diverse portfolio. The company serves various industries, including banking, financial services, manufacturing, retail, and healthcare. This diversification has enabled Wipro to maintain a stable financial condition, evidenced by its consistent revenue growth and profitability.

Wipro is also known for its commitment to sustainability and corporate social responsibility. The company has implemented numerous initiatives aimed at reducing its environmental footprint and contributing to the well-being of the communities it operates in.

Currently, Wipro is involved in several high-impact projects. These include digital transformation initiatives for global enterprises, the development of next-generation IT solutions, and the enhancement of its cloud and infrastructure services. These projects are expected to drive further growth and solidify Wipro's position as a global IT services leader.

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Wipro Limited and Nutanix, Inc. have launched a new business unit to accelerate digital transformation and hybrid multicloud innovation. The collaboration aims to enhance joint solution engineering and expand go-to-market strategies, empowering enterprises with intelligent cloud capabilities.
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Wipro Limited successfully migrates ManpowerGroup's largest data center in Europe to Microsoft Azure, enhancing operational efficiency and sustainability. The project involved migrating over 150 critical IT applications across 15 European countries, resulting in improved resilience, security, and IT controls. The transition to Azure will drive innovation, scalability, and sustainability, reducing ManpowerGroup's carbon footprint.
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Wipro Limited announced a joint private wireless solution with Nokia to enhance enterprises' digital transformation through a secure 5G network. The solution aims to provide reliability, mobility, speed, real-time insights, and data processing capabilities. It targets industries like manufacturing, energy, utilities, transportation, and sports entertainment. Wipro will offer strategic guidance and industry insights, while Nokia will provide hardware and software solutions. The collaboration aims to drive operational efficiencies and AI-driven automation for enterprises.
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Wipro has launched the Wipro Enterprise AI-Ready Platform in collaboration with IBM watsonx to accelerate enterprise adoption of AI. The platform offers interoperable services leveraging AI and data platforms, large language models, governance, and AI assistants. The partnership aims to build joint solutions for robust, reliable, and enterprise-ready AI ecosystems, with a focus on flexibility, efficiency, and sustainability.
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Wipro Limited (NYSE: WIT) announced a significant investment in Aggne, a consulting company serving the insurance and Insurtech industries. Wipro becomes a majority shareholder in Aggne, gaining unique capabilities and IP in the property & casualty insurance space. The partnership aims to deliver enhanced value, faster speed-to-market, and differentiated services to clients.
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Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO) announced financial results for the quarter-ended December 31, 2023. The IT services segment revenue was at $2,656.1 million, with an operating margin of 16.0%. The company reported a $3.8 billion order booking with 14 large deal wins.
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Wipro Limited (WIT) to announce Q3 2023 results on January 12, 2024, after trading hours. Senior management to discuss performance and take questions. Webcast and dial-in details provided.
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Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO) has supported Marelli Electronic Systems in the development of its Cabin Digital Twin, reducing development time and costs by nearly 70%. This enables OEMs to introduce connected vehicle services quickly, leveraging Wipro's AI/ML ecosystem and accelerator solutions.
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Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO) collaborates with Amazon Web Services (AWS) to introduce the Lab of the Future, a cloud-based platform that revolutionizes lab processes in the life sciences industry. This innovative solution aims to address inefficiencies, reduce costs, and accelerate the development of life-saving drugs and products.
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Company X, ticker symbol XYZ, announces new strategic partnership with Company Y
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FAQ

What is the current stock price of Wipro (WIT)?

The current stock price of Wipro (WIT) is $6.79 as of November 21, 2024.

What is the market cap of Wipro (WIT)?

The market cap of Wipro (WIT) is approximately 35.4B.

What does Wipro Limited specialize in?

Wipro Limited specializes in information technology, consulting, and business process services.

Where is Wipro Limited headquartered?

Wipro Limited is headquartered in Bengaluru, India.

How many employees does Wipro Limited have?

Wipro Limited has a workforce of 175,000 employees worldwide.

What percentage of Wipro's revenue comes from North America?

Over 57% of Wipro's revenue is derived from North America.

What services does Wipro offer?

Wipro offers consulting, managed services, cloud infrastructure services, and business process outsourcing.

Which industries does Wipro serve?

Wipro serves various industries, including banking, financial services, manufacturing, retail, and healthcare.

What recent achievements has Wipro made?

Wipro has forged strategic partnerships and invested in emerging technologies like AI and cybersecurity.

What is Wipro's commitment to sustainability?

Wipro is committed to reducing its environmental footprint and contributing to community well-being through various initiatives.

What current projects is Wipro involved in?

Wipro is engaged in digital transformation initiatives, developing next-gen IT solutions, and enhancing cloud services.

What is Wipro's financial condition?

Wipro maintains a stable financial condition with consistent revenue growth and profitability.

Wipro Limited

Nasdaq:WIT

WIT Rankings

WIT Stock Data

35.41B
5.23B
2.94%
0.58%
Information Technology Services
Technology
Link
United States of America
Bengaluru