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Wipro

Wipro 5/25/2012

11:38 : Infosys, TCS, Wipro may struggle to grow at 20%: Kotak Securities - Infosys, TCS, Wipro may struggle to grow at 20%: Kotak SecuritiesLarge IT Indian providers such as Infosys, Tata Consultancy Services and Wipro may struggle to grow at 20% unless IT budgets ramp up.

Wipro 5/23/2012

15:00 : Wipro Launches Its First Corporate iPhone App - Wipro Buzz - Wipro Technologies, the Global Information Technology, Consulting and Outsourcing business of Wipro announced the launch of its first corporate iPhone app - Wipro Buzz on Wednesday.
Source : ibtimes-com

Wipro 5/22/2012

07:00 : TCS, Infy, Wipro to use Nasscom's NAC-Tech test for entry-level hiring - TCS, Infy, Wipro to use Nasscom's NAC-Tech test for entry-level hiringThe scores of this test will be calibrated with the internal test that these companies will conduct for all the engineering students.

Wipro 5/21/2012

23:29 : Wipro looks at M&As worth $1 billion to boost profit - Wipro looks at M&As worth $1 billion to boost profitWipro is targeting deals between $50 m & $300 million. To add intellectual property and software to help boost profit, Chairman Azim Premji said.

Wipro 5/3/2012

20:00 : Why Indian MNCs like Infy, Wipro find biz opportunities in Lat-Am - Why Indian MNCs like Infy, Wipro find biz opportunities in Lat-AmThey are very competency sensitive, a lot of business is relationship-driven and each country in the region aspires to play in the global market.

Wipro 5/1/2012

07:57 : Wipro to Acquire Promax Applications Group - Indian global IT services and consulting company Wipro Limited announced on Monday that it has signed an agreement to acquire Australian analytics company Promax Applications Group (PAG) for Rs 1920 million.
Source : ibtimes-com

Wipro 4/30/2012

10:11 : Wipro to buy Australia's Promax Applications Group for $37 mn - Wipro to buy Australia's Promax Applications Group for $37 mnThe acquisition will help Wipro strengthen its position in analytics and information management services, the company said.

Wipro 4/28/2012

17:24 : What's worrying Indian IT and can Infosys, TCS, Wipro come out unscath? - What's worrying Indian IT and can Infosys, TCS, Wipro come out unscath?Most analysts ET spoke to said they expected growth momentum to pick up later this year. However, its mostly likely to be in its early teens.

Wipro 4/27/2012

05:09 : TCS, Wipro, HCL Tech & Infosys is the pecking order for IT: JPMorgan - TCS, Wipro, HCL Tech & Infosys is the pecking order for IT: JPMorganWe are looking at a barely 10% upside in TCS, considering the stock has moved up. But it is the stock to hold on to, says Viju George, JPMorgan.

Wipro 4/25/2012

21:11 : BPO dragged down business last quarter: Wipro CEO TK Kurien - BPO dragged down business last quarter: Wipro CEO TK KurienAdding confusion to already muddled outlook for software services exporters, Wipro said that it expects sales to remain flat, much like Infosys.
17:45 : Earnings impact: Limping Wipro cautious, TCS most optimistic so far - Earnings impact: Limping Wipro cautious, TCS most optimistic so farAmong the top cos that have declared results so far, TCS has been most optimistic in terms of market commentary. Infy has been downbeat for many quarters.
09:28 : Ratings downgrade was inevitable: Wipro - Ratings downgrade was inevitable: WiproDowngrading of India's rating to negative from stable by Standard & Poor's was a cause for concern though inevitable due to multiple factors.
06:53 : S&P revises outlook for TCS, Infosys and Wipro to negative - S&P revises outlook for TCS, Infosys and Wipro to negativeThe rating agency further added that it could lower the ratings on these companies if it revises downward the T&C assessment.
02:39 : Wipro Q4 Profit Rises 7.7%, But Revenue Outlook Disappoints - Wipro, India's third largest information technology services provider, reported 7.7 percent increase in profit for the fourth quarter ending March 31 but forecast a quiet growth for the next quarter with the global economy continuing to be ...
Source : ibtimes-com

Wipro 4/24/2012

23:45 : Wipro Q4 profit up 7.7%, gives muted revenue forecast - Wipro Q4 profit up 7.7%, gives muted revenue forecastWipro, roughly met expectations with a 7.7% rise in quarterly net profit, and forecast muted revenue growth for its key IT services unit.
09:00 : Wipro expected to have one of the fastest growth rates in IT industry - Wipro expected to have one of the fastest growth rates in IT industryWipro has been showing signs of a comeback in the past two quarters and a third quarter of good growth will be taken as a sure sign of vitality returning to the co.

Wipro 4/9/2012

15:30 : Stable Re to stem growth of top IT cos like TCS, Infy, Wipro, HCL - Stable Re to stem growth of top IT cos like TCS, Infy, Wipro, HCLGrowth in rupee denominated revenue and profits is expected to be moderate for top IT cos in the quarter to March 2012 on a sequential basis.

Wipro 3/26/2012

17:35 : Infosys, HCL Tech, Cognizant, Wipro pamper placement officers for best ... - Infosys, HCL Tech, Cognizant, Wipro pamper placement officers for best talentSuch events, some analysts say are part of efforts to get the best interview slots when hiring from colleges.

Wipro 3/23/2012

01:12 : As US election looms, Wipro, Infy & others seek image makeover - As US election looms, Wipro, Infy & others seek image makeoverIndian outsource firms are "willing to step up to show their investment in the US economy," said Helen Huntley, Gartner Inc VP.

Wipro 3/19/2012

07:49 : Infosys & Wipro may withdraw SEZ projects from West Bengal - Infosys & Wipro may withdraw SEZ projects from West BengalBoth Infosys and Wipro have acquired 50 acres of land in Rajarhat. Infosys purchased the land at a rate of Rs 1.5 crore per acre for the project.

Wipro 3/18/2012

03:27 : Tata Steel, Wipro among world's most ethical companies: Survey - Tata Steel, Wipro among world's most ethical companies: SurveyTata Steel and Wipro have been named among the world's most ethical companies by the American think tank, Ethisphere Institute.

Wipro 3/13/2012

19:08 : Wipro Technologies eyeing $3.5-billion services deals - Wipro Technologies eyeing $3.5-billion services dealsThe Bangalore-based company is pursuing 15 $100-million deals and another 40 deals worth at least $50 million each.

Wipro 3/12/2012

12:57 : Azim Premji Trust to sell up to 35 mn shares in Wipro via stock mkt auction - Azim Premji Trust to sell up to 35 mn shares in Wipro via stock mkt auctionThe stake of about 35 million shares is valued at about Rs 15.32 billion based on its Monday market closing price of Rs 437.75.

Wipro 2/9/2012

00:28 : Azim Premji is like any other Wipro investor: Ashok Ganguly - Azim Premji is like any other Wipro investor: Ashok Ganguly"Premji has no special powers-it's just like any other investor. He is chairman & the chair is respected," says Wipro's independent director.

Wipro 1/27/2012

01:48 : Bellwether or not, Infosys beats TCS, HCL, Wipro in cash flow - Bellwether or not, Infosys beats TCS, HCL, Wipro in cash flowDuring the 9-month period from April to Dec, Infy's operating cash flow was almost 80% of revenue, compared to less than 50% each for TCS, HCL & Wipro.

Wipro 1/24/2012

20:27 : BPO business gives Infosys, Wipro and HCL tough time in Q3 - BPO business gives Infosys, Wipro and HCL tough time in Q3This slowdown reflected in the third quarter BPO numbers of IT majors, which saw revenues slacken due to project delays, fewer deal signings.

Wipro 1/21/2012

04:48 : Wipro is not aggressive enough an organisation: TK Kurien - Wipro is not aggressive enough an organisation: TK KurienWe are still not pushing enough into the market place and that is one thing we have to change, says TK Kurien, CEO, Wipro.

Wipro 1/20/2012

02:10 : Wipro Q3 up 10.43%: Analysts cheer, outlook positive - Wipro Q3 up 10.43%: Analysts cheer, outlook positiveWipro's revenues are in-line, margins have disappointed and guidance is better than Infosys, MF Global said in a first cut report.

Wipro 1/19/2012

23:50 : Wipro Q3 profit up 10%, roughly in line - Wipro Q3 profit up 10%, roughly in lineWipro Ltd, India's No 3 software services exporter, on Friday reported a 10.4 per cent rise in quarterly profit, almost in line with street estimates.
23:48 : Wipro Q3 net up 10%, sees Q4 IT revenue up 1-3 per cent - Wipro Q3 net up 10%, sees Q4 IT revenue up 1-3 per centWipro flagged the uncertain global economic environment as a concern after roughly meeting expectations with a 10% rise in quarterly profit.
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