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Wipro Limited
Sector:IT IT - Software - Large
BSE:507685NSE:WIPROBloomberg:WPRO@INReuters:WIPR.BO
Market Lot: 1Face Value: 2ISIN Demat: INE075A01022
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28-May-2018
Business Profile
Wipro is the third largest Indian player in the global IT Services outsourcing industry. Wipro was incorporated in 1945 and was at the time largely a consumer care products manufacturer. It commenced the IT services business in 1980.

The company's operations can be broadly classified into IT Services and IT products.
Recently the company had hived off consumer care products business into separate company.

Within the IT services, Wipro provides application development and maintenance (ADM), systems integration, information systems outsourcing, testing services, package implementation, R&D services, IT consulting and BPO services.

As on December 31, 2012, Wipro had presence in over 50 countries, employing over 142,000 employees catering to over 960 active clients.

Financials
The company reported fall of 8.73% in consolidated net profit on y-o-y basis to Rs 19.30 billion, while total income declined 0.29% y-o-y basis to Rs 142.95 billion for the quarter ended December 2017.

Recent Developments
28-MAY-18
Wipro3D, the additive manufacturing (AM) business unit of Wipro Infrastructure Engineering has signed a Memorandum of Understanding (MoU) with IIT Bombay Racing team to jointly explore the utilization of additive manufacturing technology for the fabrication of complex parts in a Formula Student electric race car.

22-MAY-18
Wipro Gallagher Solutions (WGS), a Wipro company and a leading provider of loan origination software solutions, announced the launch of its NetOxygen Saas loan origination solution for mortgage lenders.

25-APR-18
Wipro disclosed a marginal fall in consolidated net profit for the quarter ended March 2018. During the quarter, the profit of the company down 20.56% to Rs 18 billion from Rs 22.67 billion in the same quarter last year. On sequential basis, the company registered down 6.70% in the net profit.

28-MAR-18
Wipro, a leading global information technology, consulting and business process services company, today unveiled its Texas Technology Center in Plano, Texas. Wipro also plans to ramp up its headcount in Texas to 2000 over the next few years from 1400 now.

15-MAR-18
Wipro, a leading global information technology, consulting and business process services company has signed a definitive agreement to divest Wipro's hosted data center services business to Ensono, a leading hybrid IT services provider for USD 405 million.

15-MAR-18
Trintech, a leading global provider of integrated, cloud-based Record to Report (R2R) finance software solutions for the office of finance, and Wipro, a leading global information technology, consulting and business process services company, announced a strategic partnership to deliver digital solutions that help simplify and automate business finance functions at enterprises.

05-MAR-18
Wipro, a leading global information technology, consulting and business process services company, and Denim Group, a leading independent application security firm, today announced that Wipro has signed a definitive agreement to acquire a minority stake in the U.S. based company.

24-JAN-18
Wipro, a leading global information technology, consulting and business process Services Company, today announced that it has won a multi-year business process services engagement with Nilfisk. Headquartered in Denmark, Nilfisk is a leading global supplier of professional cleaning equipment and solutions.



In Brief

 
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