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Wipro Ltd (WIT.N)

WIT.N on New York Stock Exchange

26 May 2017
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Latest Key Developments (Source: Significant Developments)

Wipro does not see immediate impact from Australia 457 visa axing
Tuesday, 25 Apr 2017 08:00am EDT 

April 25 (Reuters) - Wipro Ltd :Exec says co had project cancellations in the healthcare business, impact of which will be seen in Q1.Exec says co does not see any immediate impact from Australia 457 visa axing.  Full Article

Wipro says board to consider share buyback proposal around July
Tuesday, 25 Apr 2017 07:17am EDT 

April 25 (Reuters) - Wipro Ltd :Says expect revenues from IT services business to be in range of $1,915 million to $1,955 million for quarter ending June 30, 2017.Says the board of directors will consider a proposal for buyback of equity shares of the company around July 2017.Says qtrly IT services margins was 18.3%.Says total dividend for the year 2016-17 remains at INR 2 per equity share.Says sustained strong cash generation in FY17 even as currency environment remained highly volatile.Confident that recovery in energy & utilities , demonstrated strength in digital will help improve growth trajectory during course of current FY.Says net addition to employee count was 1,305 for quarter.Says quarterly annualized attrition has reduced to 14.8% from 15.4% in Q3..Says gross utilization has increased 150 sequentially basis points to 73.1% in quarter.  Full Article

Wipro expects more than 50 pct of employees in U.S. to be local in Q1FY18
Tuesday, 25 Apr 2017 07:00am EDT 

April 25 (Reuters) - Wipro Ltd :Says anticipate growth momentum to return in Q2.Says in Q1FY18, expect to have more than 50 percent of employees in U.S. to be local.Says Q1 in FY18 has its own set of challenges due to uncertainty in U.S. Healthcare industry and structural disruption in retail."We have been significantly investing in u.s. In terms of increased hiring, setting up delivery centres".  Full Article

Wipro March qtr consol profit up marginally
Tuesday, 25 Apr 2017 06:58am EDT 

April 25 (Reuters) - Wipro Ltd :March quarter consolidated profit 22.67 billion rupees .Says reappointment of Azim Premji as chairman, MD.March quarter consol revenue from operations 140.62 billion rupees.Consensus forecast for march quarter consol net profit was 21.19 billion rupees.Says approved issue of bonus shares in 1:1 ratio.Consol net profit in march quarter last year was 22.57 billion rupees as per Ind-AS; consol revenue from operations was 137.42 billion rupees.Says reappointed William Arthur Owens as independent director for 5 years from August 1, 2017.Says approves increase in authorised share capital of co from 6.10 billion rupees to 11.27 billion rupees.March quarter IT services segment revenue 134.02 billion rupees versus 127.97 billion rupees last year.The profit alert was first sourced from TV and later confirmed from a press release on the National Stock Exchange.  Full Article

Wipro completes acquisition of Infoserver
Tuesday, 11 Apr 2017 08:44am EDT 

Wipro Ltd : Wipro Ltd says acquisition of Infoserver s.a. has been completed on April 10, 2017 .Wipro Ltd says impact of Infoserver acquisition is expected to reflect in financials of company for quarter ending June 30, 2017.  Full Article

Wipro and Harte Hanks to offer marketing technology services
Wednesday, 15 Mar 2017 11:21am EDT 

Harte Hanks Inc : Wipro Ltd says its partnership with Harte Hanks to offer marketing technology services .Wipro Ltd says as part of multi-year engagement, Wipro will upgrade Harte Hank's data analytics and applications platform.  Full Article

Wipro Ltd opens automotive engineering center in Detroit
Wednesday, 15 Mar 2017 06:46am EDT 

Wipro Ltd : Says Wipro opens automotive engineering center in Detroit .Center to serve as hub to support automotive engineering and it requirements of OEMs and tier-1 suppliers based in North America.  Full Article

Wipro Ltd gets contract from NHS Scotland to build Enterprise Master Patient Index solution
Tuesday, 14 Mar 2017 06:50am EDT 

Wipro Ltd : Says Wipro to develop next-generation Enterprise Master Patient Index (EMPI) solution for NHS Scotland . Says co gets 12-year contract from NHS Scotland; partners with NextGate for project .Co and NextGate to build a solution to enable healthcare providers in Scottish healthcare boards to maintain unique patient identifiers.  Full Article

Wipro completes sale of its Ecoenergy division
Wednesday, 1 Mar 2017 09:31pm EST 

Wipro Ltd : Says Wipro Limited has completed the sale of its Ecoenergy Division on march 1, 2017. .Impact of sale of Ecoenergy division is expected to reflect in the financials of Wipro Limited for the quarter and year ending march 31, 2017..  Full Article

Wipro Ltd to provide IoT-based solution for wind parks, wind turbine makers
Tuesday, 28 Feb 2017 05:56am EST 

Wipro Ltd : Says Wipro offers IoT-based solution from Hewlett Packard Enterprise to power wind parks and wind turbine manufacturers . A key feature of the soulution is it can be reconfigured for new operating conditions without disrupting current operations .Solution helps reduce operating cost of wind parks and boosts efficiency of wind turbine ops.  Full Article

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