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Wipro Ltd (WIPR.BO)

WIPR.BO on Bombay Stock Exchange

19 Jan 2018
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Latest Key Developments (Source: Significant Developments)

Wipro gets members' nod to issue bonus shares
Monday, 5 Jun 2017 07:00am EDT 

June 5 (Reuters) - Wipro Ltd ::Gets members' nod for issue of bonus shares.Gets members' nod for raising authorised share capital to 11.27 billion rupees.  Full Article

Wipro denies news report on founders looking to sell part or all of company
Monday, 5 Jun 2017 04:39am EDT 

June 5 (Reuters) - Wipro Ltd :Clarifies on an article "Wipro promoters at early stage of evaluating sale of part or whole business: source".Says article on Wipro promoters at early stage of evaluating sale of part or whole business is "baseless and malicious".Says "no truth to unsubstantiated rumors".  Full Article

CPT Global says partnership with Wipro Ltd
Monday, 8 May 2017 07:11pm EDT 

May 9 (Reuters) - CPT Global Ltd :Partnership with Wipro Limited.Announces a partnership with Wipro Limited to deliver it testing services to one of Australia's financial institutions.As part of the partnership, CPT and Wipro will deliver testing services together for customer over a five year term.  Full Article

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

UPDATE 2-India's Wipro upbeat on 2018 after quarterly profit dip

* Predicts client spending boost in 2018 (Recasts, adds management and analyst comment)