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Last 560.00 INR
Change Today -0.50 / -0.09%
Volume 201.2K
As of 12:41 AM 05/25/15 All times are local (Market data is delayed by at least 15 minutes).

wipro ltd (WPRO) Snapshot

Open
561.00
Previous Close
564.25
Day High
577.00
Day Low
557.55
52 Week High
03/11/15 - 677.60
52 Week Low
05/30/14 - 485.00
Market Cap
1.4T
Average Volume 10 Days
1.6M
EPS TTM
35.23
Shares Outstanding
2.5B
EX-Date
07/20/15
P/E TM
15.9x
Dividend
12.00
Dividend Yield
1.77%
Current Stock Chart for WIPRO LTD (WPRO)

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wipro ltd (WPRO) Details

Wipro Limited provides information technology (IT) products and services worldwide. It operates in two segments, IT Services and IT Products. The IT Services segment offers software application development services; application maintenance services; research and development services for hardware and software design; analytics and information management services, such as business analytics, business intelligence and performance management, and information management; and business process outsourcing (BPO) services, including pre-built process asset based solutions, industry focused and platform based solutions, driving predictable business outcomes, investing in industry leading BPO platform, and integrated IT BPO services. It also provides consulting services; product engineering solutions; managed services; application services, such as enterprise applications, connected enterprise services, enterprise security solutions, cyber security consulting, enterprise architecture, and testing services; cloud services; eco energy services; infrastructure management services; and mobility services. This segment serves banking, financial services, and insurance; healthcare and life sciences; retail, consumer, transport, and government; energy, natural resources, and utilities; manufacturing; and global media, as well as telecom industries. The IT Products segment sells a range of Wipro personal desktop computers, Wipro servers, and Wipro notebooks; and resells desktops, servers, notebooks, storage products, networking solutions, and packaged software for international brands. This segment also offers platforms and storage, enterprise information security, emerging technologies, enterprise management, and contact centre infrastructure products; and delivers hardware, software products, and other related products. It has collaboration agreement with Red Hat, Inc. to develop and deliver cloud solutions. Wipro Limited was founded in 1945 and is headquartered in Bengaluru, India.

Founded in 1945

wipro ltd (WPRO) Top Compensated Officers

Chief Executive Officer, Executive Director, ...
Total Annual Compensation: $840.4K
Founder, Executive Chairman and Member of Str...
Total Annual Compensation: $1.2M
Chief Executive Officer of Wipro Infrastructu...
Total Annual Compensation: $317.6K
Chief Sustainability Officer
Total Annual Compensation: $37.7K
Compensation as of Fiscal Year 2014.

wipro ltd (WPRO) Key Developments

ActiveState and Wipro Announce Partnership to Deliver Stackato Private Platform-as-a-Service to Enterprises Worldwide

Wipro Ltd. and ActiveState announced a partnership to deliver cloud technologies and services to enterprises across the globe. ActiveState is the creator of Stackato Private Platform-as-a-Service (PaaS). This partnership brings together the cloud implementation expertise of Wipro with the cutting edge technology of Stackato, enabling agile enterprises to innovate faster than ever before. Stackato is based on the Cloud Foundry and Docker open source projects. It has been developed, by ActiveState, for use by enterprises and addresses their unique business needs such as application portability and scalability, continuous delivery and cloud security. Wipro and ActiveState will work together seamlessly to deliver integrated cloud solutions to help address the unique challenges that businesses face in rapidly changing marketplace.

Employee Files Class Action Suit Against Wipro over Non-Payment of Overtime

Wipro is faced with a class-action lawsuit in the US from one of its former employees who has alleged that the company did not pay his wages for overtime services, which was in violation of labor laws. The lawsuit, filed by Suri Payala in the Superior Court of California, County of Los Angeles, alleges that many of its employees were citizens of foreign countries who come to the US under L-1B visas processed by Wipro and were not aware of their rights under California's wage and hour laws. The lawsuit alleges, Wipro intentionally misclassifies employees who provide computer support, troubleshooting, testing related to repairs and technical services as exempt from overtime pay. However, according to California statutes, such employees are not exempt if they earn less than an annual salary of $84,130 as of January 2014. Payala claims that for the first six months of 2014, he was employed by Wipro as a computer technician with the title of 'architect' and was outsourced to DirecTV in California. The lawsuit says he was not paid for his overtime services and travel time to the outsourced job site despite earning a salary of less than $7,000 per month, which is in violation of state wage and hour laws. The class-action lawsuit seeks to represent any employee - providing computer support, troubleshooting, testing related to repairs and technical services over the past four years prior to the filing on March 30 - who received compensation less than $7,000 per month and who was categorized as an exempt employee. The lawsuit alleges various illegalities, including unlawful failure to pay overtime and double-time wages and violation of California's Unfair Competition Act, and finally, failure to pay all wages due at separation. The lawsuit states, Wipro's business model is extremely profitable, in no small part because it does not pay its employees overtime for work in excess of 40 hours per week as required by the California law.

Wipro Launches Remote-Branch-Distribution Office Solution

Wipro Ltd. has announced the launch of its Remote-Branch-Distribution Office solution, or RoBoDo, based on Nutanix Web-Scale Infrastructure. Wipro's RoBoDo offering registers significant operational gain and agility, all while ensuring that an enterprise's remote office management, transformation, upgrade, compliance guidelines and, above all, end user experience, is assured. Remote Branch Distribution office is built on an emerging hyper-converged infrastructure, a complete cloud stack for enterprises to lower cost of distributed IT operations and drive agility. Wipro's industrialized workload migration framework Place IT coupled with its next generation integrated Managed Services framework, ServiceNXT, will enable enterprises to smoothly transition to the RoBoDo framework.

 

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Industry Analysis

WPRO

Industry Average

Valuation WPRO Industry Range
Price/Earnings 15.6x
Price/Sales 2.9x
Price/Book 3.3x
Price/Cash Flow 15.6x
TEV/Sales 2.2x
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