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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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12-Sep-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 announced fall of 8.73% in consolidated net profit on y-o-y basis to Rs 19.30 billion, while total income fell 0.29% y-o-y basis to Rs 142.95 billion for the quarter ended December 2017.

Recent Developments
12-SEP-18
Wipro, a leading global information technology, consulting, and business process services company, and Duck Creek Technologies, the P&C insurance industry's leading Saas software provider, today announced a relationship

29-AUG-18
Wipro, a leading global information technology, consulting and business process services company, today announced that it has been awarded a multi-year business process services engagement and chosen as a finance transformation partner by Falck. Headquartered in Denmark,

06-AUG-18
Wipro, a leading global information technology, consulting and business process services company, has effected a settlement for the release of all claims under the lawsuit with National Grid US

20-JUL-18
Wipro disclosed a marginal rise in consolidated net profit for the quarter ended June 2018. During the quarter, the profit of the company marginally up 0.54% to Rs 20.93 billion from Rs 20.82 billion in the same quarter last year.

29-JUN-18
Wipro has completed the divestment of Wipro Data Centre and Cloud Services, Inc. (USA), and data center business in Germany and UK to Ensono, a leading hybrid IT services provider for a consideration of USD 399 million on June 27, 2018. The impact of this divestment is expected to reflect in the financials of the Company for the quarter ending June, 30 2018.

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.



In Brief

 
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