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Last $12.36 USD
Change Today +0.10 / 0.82%
Volume 197.9K
As of 8:04 PM 07/31/15 All times are local (Market data is delayed by at least 15 minutes).

wipro ltd-adr (WIT) Key Developments

DSM Selects Wipro Ltd. to Provide Workplace Services

Wipro Limited announced that it has been selected by DSM as its strategic IT partner to provide Workplace Services. Wipro will bring workplace technology features such as predictive analytics, automation, self-help, self-heal, multi-channel support and user experience management to DSM through this multi-year strategic partnership. This technology deployment will help DSM optimize costs, while providing users with an Internet-centric and sustainable workplace, with smart systems which will enable a seamless user experience. The smart systems include predictive monitoring for faster service restoration, automation and preventive self-heal to minimize service disruptions, and round-the-clock support to enable stable operations. The green IT features of the project will improve the sustainability of this initiative. Wipro has deployed its proprietary LiveWorkplace solution for this engagement. The solution enables a great computing experience for users, while ensuring data security - in line with DSM corporate requirements for information security - and enabling access to applications - anywhere, anytime and on a device of their choice.

Wipro Ltd. Reports Audited Consolidated and Parent Earnings Results for the First Quarter Ended June 30, 2015; Provides Earnings Guidance from It Business for the Second Quarter Ending September 30, 2015

Wipro Ltd. reported audited consolidated and parent company earnings results for the first quarter ended June 30, 2015. For the quarter, on standalone basis, net sales/income from operations (net of excise duty) was INR 107,774 million against INR 99,634 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 21,748 million against INR 22,549 million a year ago. Profit from ordinary activities before tax was INR 25,620 million against INR 26,434 million a year ago. Net Profit was INR 19,882 million against INR 20,672 million a year ago. Diluted earnings per share after extraordinary items were INR 8.08 against INR 8.40 a year ago. For the quarter, on consolidated basis, net sales/income from operations (net of excise duty) was INR 123,706 million against INR 112,455 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 24,022 million against INR 23,771 million a year ago. Profit from ordinary activities before tax was INR 27,978 million against INR 27,122 million a year ago. Net profit was INR 22,033 million against INR 21,180 million a year ago. Diluted earnings per share after extraordinary items were INR 8.89 against INR 8.54 a year ago. The company generated operating cash flow of INR 22 billion. For the second quarter ending September 30, 2015, the company expects revenues from IT business to be in the range of $1,821 million to $1,857 million.

Wipro Eyes Acquisitions

Wipro Ltd. (BSE:507685) is looking for acquisition opportunities. Wipro will continue to scout for acquisitions, given its strong liquidity position on the balance sheet, Chairman Azim Premji said. Wipro plans to invest more in digital technologies and start-ups. Wipro intends to make strategic investments in start-ups and train its workforce on digital skills, Chairman Azim Premji said.

Corporation Bank Selects Wipro Ltd. to Transform its Existing Core Banking Solution

Corporation Bank announced that Corporation Bank has chosen Wipro Ltd., to transform its existing Core Banking Solution. This is a technology transformation initiative covering Core transaction processing channels across Branches, Internet and Mobile Banking and includes Risk Based Internal Audit and Enterprise Performance Management Applications. The bank will be implementing Finacle Ver. 10.2.x as its Core Banking Solution. The project aims at providing Corporation Bank and its customers with an enhanced uptime and better response.

Wipro Ltd., Q1 2016 Earnings Call, Jul 23, 2015

Wipro Ltd., Q1 2016 Earnings Call, Jul 23, 2015

 

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