BENGALURU: Wipro has elevated Anand Padmanabhan, who manages its vertical servicing the energy, natural resources and utilities sector, to the rank of president of the division, the first such reward given by the Bangalore-based company to any of its seven business unit heads.
BENGALURU: India’s third-largest software exporting firm, Wipro, will name some new vertical heads by the year-end, according to two people familiar with the matter, as part of chief executive TK Kurien’s strategy to improve growth numbers. Wipro has already made more than a dozen changes at its 50-odd verticals and practices since December last year.
NEW YORK/NEW DELHI: IT services major Wipro has bagged a $143 million 5-year outsourcing deal from Levi Strauss as the US-based denim apparel maker looks to cut 500 jobs in a restructuring exercise. The move, first announced in March 2014, is expected to generate net annualised cost savings of $175-200 million once fully implemented.
BANGALORE, INDIA: Wipro Ltd. and Red Hat announce the global expansion of their alliance to accelerate the deployment of open hybrid cloud solutions. As part of the expanded collaboration, Red Hat and Wipro will work together to develop and deliver enterprise-grade cloud solutions to the market, and will also jointly deliver next-generation DevOps solutions for continuous integration and testing.
BANGALORE: Wipro’s new initiatives in automation and artificial intelligence will involve establishment of what it calls digital pods. And there will be four of them one each Bangalore, London, in the San Francisco Bay Area, and another elsewhere in Asia. The digital pod will be like an innovation lab with giant digital screens simulating applications in a live-use case scenario. The four pods are part of India’s third-largest IT company’s newly-carved division Wipro Digital that offers customers digital capabilities through strategy , design and technology.
NEW DELHI: Country’s third largest software services firm Wipro today said it has implemented customer relationship management (CRM) solution at SRL Diagnostics to help transform its customer care operations. SRL Diagnostics is one of India’s largest pathology lab networks with 12 reference labs, four Centers of Excellence and 281 network laboratories. No financial details of the partnership were shared. Wipro successfully deployed the Oracle Service Cloud, delivering an enhanced and virtually seamless experience across various touch-points for SRL’s customers, Wipro said in a statement.
BANGALORE: Wipro is investing big money in setting up a separate business practice for open source and plans to have at least a 10,000 strong team, driven largely by changes in technological space and some of its largest clients, including Citigroup, running largely on non-proprietary software. Significantly, the country’s third-largest software exporter estimates that by embracing this now-universal practice of open source, Wipro will be able to implement projects faster and bring down its own operating costs by up to 20% over the coming two years.
BANGALORE: Wipro on Wednesday reported a lower-than-expected 8% increase in second-quarter net profit, with revenue growth barely meeting the low end of its own forecast, as top banks in Europe delayed outsourcing projects. The management, however, painted a rosy future, saying that the company is nearing the end of a more than three-year-long turnaround process and should soon be able to report over 3% growth in sequential revenue.
BANGALORE: Wipro’s ability to fire up growth momentum will be in the spotlight when it reports second-quarter results on Wednesday. The Bangalore-based software company has projected sequential revenue expansion in a wide range between 1.7 per cent and 4 per cent, and analysts will be pleasantly surprised if it meets the upper end of the forecast. The focus will also be on CEO TK Kurien, who has said that a key measure of his success at Wipro will be hitting the 4 per cent sequential growth mark sustainably, but that seems ambitious based on the evidence so far.
BANGALORE: WiproBSE -0.21 % has sold its 8% stake in US-based startup Axeda, a person with knowledge of the matter said, with a threefold return on a small investment it made a year ago after Rishad Premji took over as head of strategy. Wipro had spent about $5 million in June 2013 for the stake in machine-to-machine learning and Internet of things solution provider, valuing it at over $50 million. The Bangalore-based company was made to exit after Nasdaq-listed PTC bought Axeda for $170 million in cash in July this year. It sold the stake to PTC.
BANGALORE: Wipro has started a threeyear exercise to become a leaner company, initiating its most ambitious reorganisation effort since it started selling computers in 1981 and presaging similar moves in an industry that has been a prolific job-creator. India’s third-largest software company employs 1.46 lakh employees and the aim, according to people familiar with the process, is to slim down by about a third without resorting to mass layoffs of the kind that IBM and Microsoft have effected this year.
BANGALORE: Michael S Dell wants to more than treble the software services revenue in a “few years”, an ambition that the entrepreneur is betting on his team of leaders handpicked from Indian outsourcing giants such as Infosys and Wipro. Significantly, the founder, chairman and CEO of the Texas-based computer hardware and services firm believes ever since going private, Dell has been able to focus more on clients without being distracted by “activist shareholders” and invest in some of the long-term strategies, including investing in cloud, security and analytics space.
BANGALORE: Indian IT companies will be fiercely competing with MNCs for five big IT contracts in Australia valued at over A$2 billion (Rs 11,000 crore). Infosys, Wipro, TCSBSE and HCL Technologies are participating alongside IBM, HP and Capgemini in request for information (RFI) and request for proposal (RFP) for incremental IT outsourcing work coming from Sydney Water, Rio Tinto, Jetstar, Aurizon and Transport for NSW, said an Australian IT consultancy firm that did not want to be named.
BANGALORE: Wipronhas won a $35-million IT outsourcing contract from Philip Morris International (PMI), the world’s biggest tobacco company. A person with knowledge of the matter told ET that Wipro’s RCTG (retail, consumer goods, transportation and government) division will provide IT infrastructure and application management to PMI for five years as part of the deal.
BANGALORE| MUMBAI:Vishal Sikka at the helm of Infosy and Rishad Premji as head of strategy at Wipro scouting to pick up stake in startups focused on disruptive technologies have made investment bankers optimistic that country’s moribund outsourcing sector could see more deals in the coming months. However, both foreign and domestic bankers believe that the small acquisitions and partnerships would not be enough and a big buy-out has to be done before the rainmak .
BANGALORE: Wipro’s investments in new technologies and platforms have generated more than ten times returns since Rishad Premji has taken over as head of strategy at the nation’s third largest software exporter. Rishad, son of chairman Azim Premji, has led the company to also invest in two startups, the valuation of one of them has more than tripled in just 12 months.
BANGALORE, INDIA: Wipro Ltd., a leading global Information Technology, Consulting and Business Process Services company and CA Technologies, has today announced that they have expanded their strategic partnership to jointly deliver next generation DevOps solutions for testing. The partnership will enable Wipro to leverage the expanded portfolio of CA Technologies, including service virtualization, release automation/continuous delivery, continuous validation and continuous monitoring solutions to help customers optimize their application development and delivery processes with a DevOps strategy.
MUMBAI: Bangalore-based IT firm Wipro expects to land bigger deals for solutions based on digital technologies like social, mobility, analytics and cloud, a sign that companies are willing to increase their spend on these discretionary areas. “While our sweet spot is deals in the $2.5-3.5 million (Rs 15-21 crore) range, we are seeing deals worth $5-10 million (about Rs 30-60 crore) in the pipeline,” Jeff Heenan-Jalil, global head of Wipro’s advanced technology solutions unit said in an ..
BANGALORE, INDIA: Wipro Ltd, a leading global information technology, consulting and business process services company today announced that it has been recognized as the ‘Best Company to Work For’, among Super Sized Organizations (organizations with more than 50,000 employees) in India, in the 2014 edition of Great Place To Work Institute India’s Best Companies To Work For – a study by Great Place To Work Institute and The Economic Times.
SYDNEY, AUSTRALIA & BANGALORE, INDIA: Wipro Ltd., today announced that it has won a transformational IT applications and infrastructure engagement from 7-Eleven, a leading convenience store chain, in Australia. The engagement is aimed at paving the way for an organisation-wide retail process re-engineering at 7-Eleven to enable it to launch new merchandise categories, improve the efficiency of existing merchandise categories, initiate real-time targeted promotions, and easily on-board new processes during mergers and acquisitions.