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02.07.25 - 11:30
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Q1 results: Muted quarterly earnings likely for India′s IT giants as deal momentum slows (Times of India)
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India's IT sector anticipates a subdued first-quarter performance, with top firms like TCS and Wipro facing flat or declining revenue. Infosys and LTIMindtree expect modest growth, while mid-tier companies may outperform. BFSI shows recovery signs, but deal activity is slow. Companies are managing margins through cost controls, and GenAI offers a positive outlook despite varied margin performance across firms....
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13.06.25 - 14:54
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Wipro Annual Report 2025 on Form 20-F Available Online for ADS Holders (Business Wire)
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EAST BRUNSWICK, N.J. & BENGALURU, India--(BUSINESS WIRE)--$WIPRO #ADS--Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading technology services and consulting company, announced that it has filed its Annual Report on Form 20-F for the year ended March 31, 2025 with the U.S. Securities and Exchange Commission on May 22, 2025 (U.S. time) and will furnish the same to its American Depository Shares (ADS) holders on its website in lieu of a physical distribution.
The financial statements included in the Annual Report on Form 20-F for the year ended March 31, 2025, have been prepared in accordance with the International Financial Reporting Standards (IFRS) and is available through the Wipro Limited website at-
https://www.wipro.com/investors/annual-reports/
In accordance with New York Stock Exchange rules, physical and email copies of Wipro's Annual Report on Form 20-F will be made available, at no cost, to ADS holders upon request.
About Wipro Limited
Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO...
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12.06.25 - 12:39
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U.S. Insurers to More Than Double AI Investment in the Next 3-5 Years: Wipro Report (Business Wire)
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EAST BRUNSWICK, N.J. & BENGALURU, India--(BUSINESS WIRE)--$WIPRO #AI--Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading AI-powered technology services and consulting company, today announced the release of its "The AI Advantage: Building Tomorrow's Insurance Enterprise" report. The report, which includes responses from 100 business leaders from U.S. insurance companies with revenues surpassing $500 million, reveals an industry actively embracing Artificial Intelligence's (AI's) potential.
As insurance firms look to leverage AI to transform their core processes, the report shows that AI is set to become a much bigger part of Information Technology (IT) budgets, with 81 percent of firms planning to increase AI spending within the next year and most firms looking to more than double AI budgets - from 8 percent today to 20 percent - in the next 3-5 years.
Almost all (92 percent) of respondents agree that AI is essential for maintaining their competitive edge in customer experience and...
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10.06.25 - 12:03
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Altimetrik Appoints Gurvinder Sahni as Chief Marketing Officer to Accelerate AI Ecosystem Leadership (Business Wire)
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DETROIT--(BUSINESS WIRE)--Altimetrik, a pure-play AI, Data and Digital engineering solutions company, has appointed Gurvinder Sahni as Chief Marketing Officer (CMO). A seasoned marketing leader with over two decades of experience, Sahni joins the company to drive its next phase of growth and reinforce Altimetrik's leadership as the AI-first orchestrator that enterprises need to thrive in an increasingly complex technology landscape. He will report directly to CEO Raj Sundaresan.
Sahni brings a strong track record of transformative brand-building and growth-focused marketing. Most recently, he served as CMO at Persistent Systems, where he led the company's evolution into an AI-led, platform-driven services leader, expanding its analyst and advisor visibility as a challenger, modernizing its brand, and deepening partnerships across key verticals and ecosystems.
Before Persistent, Sahni held senior marketing roles at Wipro, including positions in the Growth Office and the Office of the Chairman. He establi...
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03.06.25 - 14:03
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Thoughtworks Appoints Amit Choudhary as Chief Operating Officer (Business Wire)
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CHICAGO--(BUSINESS WIRE)--Thoughtworks, a global technology consultancy that integrates design, engineering and AI to drive digital innovation, announced the appointment of Amit Choudhary as its new Chief Operating Officer (COO), effective immediately.
Amit brings nearly three decades of international experience spanning services, software and solutions. He has held senior leadership roles across global enterprises, most recently serving as Chief Operating Officer at Wipro, where he led consulting service lines, sponsored strategic client relationships and spearheaded transformation initiatives across sales, delivery and internal functions. Prior to Wipro, Amit worked at Capgemini and the Boston Consulting Group.
“We're delighted to welcome Amit to Thoughtworks,” said Mike Sutcliff, Chief Executive Officer of Thoughtworks. “The COO role is critical as we scale our operations globally and become future ready. Amit's leadership experience in strengthening client-centric organizations, his ability to...
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02.06.25 - 20:00
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Infosys CEO Salil Parekh′s pay jumps 21.6% to Rs 80.62 crore in FY25 (Times of India)
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Infosys CEO Salil Parekh's FY25 compensation surged to Rs 80.62 crore, a 21.6% increase driven by exercised stock options. This contrasts with Wipro CEO's $6.2 million and TCS CEO's Rs 26.52 crore earnings. While Infosys reported a modest 1.8% rise in annual net profit and surpassed revenue guidance, Q4 saw an 11.7% profit decline....
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16.05.25 - 21:24
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IT salaries rise 12-37% since FY21, linked to business growth (Times of India)
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Indian IT firms like Infosys and Wipro have seen median salary growth of around 30% since FY21, reaching approximately Rs 10 lakh. Global companies Cognizant and Accenture experienced increases of 12% and 17.5% respectively. However, growth rates have generally declined across the industry, influenced by factors like competitive intensity and inflation....
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17.04.25 - 03:42
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Wipro′s revenue drops 1.2% in Q4 on client caution (Times of India)
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Wipro's performance was impacted by market uncertainties, leading to a cautious approach from clients despite a strong demand for transformation projects. The company's Q4 results disappointed investors, causing a stock price decline. CEO Srini Pallia noted that clients are prioritizing cost reduction and AI-led efficiency amid the uncertain macro environment, impacting large transformation programs....
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16.04.25 - 17:15
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Wipro Announces Results for the Quarter and Year Ended March 31, 2025 (Business Wire)
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Net income grew 6.4% QoQ in Q4'25 and grew 18.9% YoY for FY'25
FY'25 margin at 17.1%, expands 0.9%, Q4 margin at 17.5%, expands 1.1% YoY
Large deal booking grew 48.5% YoY in Q4'25 and grew 17.5% YoY for FY'25
Operating cash flow at 104.4% of net income for Q4'25 and 128.2% for FY'25
EAST BRUNSWICK, N.J. & BANGALORE, India--(BUSINESS WIRE)--$WIPRO #IFRS--Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading technology services and consulting company, announced financial results under International Financial Reporting Standards (IFRS) for the quarter and year ended March 31, 2025.
Highlights of the Results
Results for the Quarter ended March 31, 2025:
Gross revenue at Rs 225.0 billion ($2,634.2 million1), an increase of 0.8% QoQ and 1.3% YoY.
IT services segment revenue was at $2,596.5 million, decrease of 1.2% QoQ and 2.3% YoY.
Non-GAAP2 constant currency IT Services segment revenue decreased 0.8% QoQ and 1.2% YoY.
Total bookings3 was at $3,955 million, up by 13.4% QoQ in constant currency2....
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