Page 8 - Wipro

Tech funds run into rough weather in CY22, IT firms' stocks do well

Indian IT services sector is expected to benefit from digital transformation, particularly aided by cloud adoption.

TCS, Wipro, HCL Tech, L&T Tech: JP Morgan downgrades Indian IT sector

The brokerage firm has downgraded the Indian information technology sector to 'underweight' as it believes the heydays of the sector are over

Wipro launches 40,000 sq-ft new tech innovation studio in Austin, US

IT major Wipro has launched its new innovation studio at Austin in Texas, US, the company said on Thursday. Wipro said that the new centre, spread over 40,000 square feet, will create hundreds of jobs locally. "The studio will provide a dynamic collaborative workplace environment with a harmonious balance of diverse work settings and amenity offerings. It will also create a fresh intake of new-age talent for hot tech skills, thereby creating hundreds of new jobs locally and bringing investments from tech organisations starting from the first year itself," the company said in a statement. Wipro's innovation studio is designed to be a collaborative space of 36 huddle rooms, 12 conference rooms and 330 individual think spaces, energising community spaces and areas for focused collaboration, the statement said. "The studio will provide our clients a wide range of solutions, with a potential to unlock a world of possibilities for their business," said Srini Pallia, Wipro Limited CEO of

Dividends, share buybacks lift India's top promoters' income in FY22

The country's top 50 promoter families earned Rs 709.4 crore on average from their companies in FY22, while the median income of these promoters was Rs 123.2 crore in the last fiscal

From double-digit hikes to promotions, India's IT talent takes the cake

The salary increases are not restricted to the Indian IT industry. Globally too, tech talent is being rewarded as never before

In struggle to get employees back to office; companies tread cautiously

In some small companies and mid-cap IT services, 20-30 per cent of people are already back in office, especially in areas where heavy engineering and design concepts are required

Wipro, Nestle, SAIL among 300-plus stocks to hit 52-week lows this month

New-age tech firms that listed on bourses have also been struggling. Zomato hit a 52-week low of Rs 50 on Tuesday, while Paytm parent One 97 Communications fell to Rs 518 apiece on Wednesday

Nifty 500 Alert: These 55 stocks are hitting fresh 52-week lows regularly

Among the losing pack, Solara Active Pharma Sciences has slumped 75 per cent, while Aarti Drugs, MCX India and Tata Communications are other major laggards

Quarterly appraisals, mass hiring: How India Inc is tackling attrition

Also on offer: Higher promotions, work flexibility, eldercare & childcare support to track attrition.

75% of Nifty50 stocks trade below 200-DMA; look weak on the charts

Tech Mahindra and Wipro have tumbled over 30 per cent, while Apollo Hospitals Enterprise and Dr. Reddy's Laboratories have plummeted 22 per cent so far in calendar year 2022 (CY22)

Wipro hits 52-week low; stock down 18% in 1 month on tepid Q1FY23 guidance

The company has given a tepid guidance of 1-3% QoQ CC terms growth in Q1FY23, which translates into revenues of $2,748 million to $280 million

Wipro, telecom gear maker HFCL join hands to develop 5G product portfolio

The companies will collaborate on a portfolio of 5G products for the telecommunications sector, including 5G radio access network and 5G transport equipment

Indices end in the red but bulls fight back; HDFC shines after Q4 show

After plunging over 600 points in intraday trade, the 30-share BSE Sensex recouped most losses to end 84.88 points or 0.15 per cent lower at 56,975.99

Sensex bounces 563 pts off lows, ends 87 pts down; Nifty holds 17,050

CLOSING BELL: IndusInd Bank, NTPC, Tata Steel, HDFC, PowerGrid, and ITC were the major gainers

Wipro extends fall on disappointing Q4 results; stock nears 52-week low

The company has guided for a revenue growth between 1 per cent and 3 per cent for the first quarter of FY23

Wipro shares decline nearly 3% after Q4 earnings announcement

IT company Wipro on Friday posted a 4 per cent increase in its consolidated profit to Rs 3,092.5 crore in the fourth quarter ended March 31, 2022, on account of continued demand for IT services

Stocks to Watch: Maruti, HDFC, SBI Cards, Tata Coffee, Wipro, Star Health

Stocks to Watch Today: Shares of Adani Wilmar, Jindal Stainless, Adani Enterprises, Hero MotoCorp, Tata Steel and Titan too shall be in focus ahead of the Q4 results.

Wipro sees margin pressure over next few quarters as attrition rises

Wipro reported a near 4% year-on-year gain in consolidated net profit for the quarter ending March 31, while revenue rose 28.4%

Securonix gets investments from Capital One, Wipro Ventures and others

Over the past 12 months, Securonix claims to have grown its SaaS (Software-as-a-Service) business by more than 100 per cent.

Wipro logs 3.8% rise in Q4 profit; pegs FY23 revenue growth at 16-18%

The company said it saw a drop of 500 bps in attrition on a quarterly basis