IT services provider Wipro said it has been awarded a seven-year contract by European energy company Innogy SE to manage their data center and cloud services. Wipro will help the company, which focuses on renewables, grid & infrastructure and retail, to rationalize, virtualize and consolidate their IT infrastructure, the Indian company said. The Bangalore-based firm […]
Bangalore-based Wipro won a high-profile client by signing up McLaren Technology Group, the company behind the successfull McLaren Formula 1 racing team. As part of the multi-year partnership, Wipro will deploy its HOLMES artificial intelligence platform to boost the productivity of McLaren’s fast growing automotive and high-tech businesses. Wipro has been given the title of […]
IT services provider Wipro Limited said it has established a center for automotive technology in Timisoara, Romania to focus on embedded solutions such as in-vehicle entertainment, cluster display, telematics, connected cars and driver assistance systems. The company plans to hire experienced technology professionals and engineering graduates from top universities in Romania. The center will be […]
Information technology firm Wipro said it won a five-year IT applications management contract from Outokumpu, one of the world’s biggest producers of stainless steel. Shares of the company were marginally higher at 299 rupees, up 0.6%. In 2014, the Finnish company had given a somewhat similar contract to the Bangalore-based firm, but the latest deal […]
Wipro has announced details of its buy back of up to 343.8 mln shares or about 7.06% of its total equity base at a price of Rs 320 each for up to Rs 11,000 cr. The Buyback Size is 23.15% of the fully paid-up Equity Share capital and free reserves as per the audited standalone […]
IT solutions provider Wipro said it won a five-year IT infrastructure and applications managed-services contract from Grameenphone, the Bangladesh telecom operator owned by Norway’s Telenor. Under the agreement, Wipro will manage the entire IT infrastructure of the largest mobile telecommunications operator in Bangladesh. It will be in control of end-to-end application development and management, infrastructure […]
The Maharashtra unit of Forum for IT Employees said 13 disputes over forced resignations and layoffs at IT organizations have been moved to the labor courts after failed mediation attempts by state labor authorities. 11 of the 13 cases were filed by employees of Tech Mahindra, and one each by those of Wipro and Vodafone, […]
Wipro, one of India’s largest IT services providers, said it has brought its big data analytics solution, Data Discovery, to Microsoft’s Azure cloud platform. Big data solutions help companies collect, store and analyse huge amounts of raw data produced by sensors, cameras, sales reports, social media campaigns and so on to obtain useful insights into […]
IT and outsourcing services provider Wipro said it will use students at Israel’s largest university to jointly conduct research into artificial intelligence. The company inked an agreement with Tel Aviv University, Israel’s largest institution of higher learning which is home to over 30,000 students studying in nine faculties. The two will create a joint research […]
Infosys Chief Executive Officer Vishal Sikka said his company was not overwhelmed by the problem of automation and that it is trying to retrain its staff displaced by automation. Sikka was responding to a question on ‘what happened to the 11,000 employees’ displaced by automation at the sidelines of the World Economic Forum at Dalian […]
IT services company Wipro Ltd said it would collaborate with commercial Linux maker Red Hat to set up what it called a “cloud application factory” to offer developers a platform to modernize cloud applications. “Wipro’s cloud application factory will have a dedicated services team that can help drive the strategy, design, and delivery of next […]
There was a massive 54% increase in the number of records stolen by cyber criminals across the globe in 2016, and the expanding adoption of connected devices is increasing the danger of hacking, Wipro Ltd said in its State of Cybersecurity Report. The report found that the emergence of smart devices like connected cameras, cars, […]
Outsourced services provider Wipro Ltd said it was undergoing a rebranding to reflect its evolving business. “The new brand identity signifies a higher level of engagement and brand permission that helps clients leverage Wipro’s expertise to address their business requirements and drive future opportunities in this digital era,” the company said. As part of the […]
A pioneering artificial intelligence program that started getting deployed around mid-2016 has helped Wipro Ltd reduce its employee numbers by 12,000 people, the company said in its recent quarterly update. “The HOLMES platform generated productivity worth over 12,000 people,” Saurabh Govil, head of human resources for the company, said. The statistic points to a stronger-than-expected […]
Wipro Ltd, one of India’s top employers, refused to confirm the exact number of people that it was laying off as part of its annual appraisal process. “It is part of the internal appraisal process,” company officials said, refusing to go into further details. The media had reported that the company was laying off around […]
Employees of Wipro Ltd are nervous as the information technology giant has kicked off its annual appraisal process this month. The first of the several reviews, known as L1 or level 1, has been completed, and at least some employees are feeling the pressure. “I’ve got to know that I have been marked as NI […]
Weeks after acquiring Appirio, Wipro is at it again. This time, it is buying InfoSERVER, an IT services provider focused on the Brazilian market, for $8.7 Mn (Rs 60 cr). Two-decade old InfoSERVER provides custom application development and software deployment services, the company said. It counts some of the largest Brazilian banks as its clients, […]
Wipro Ltd has reported poor third quarter results. The highlights are as follows. Gross Revenues were 136.9 billion ($2 billion), an increase of 6.4% YoY. Net Income was 21.1 billion, a decrease of 5.7% year on year. Both numbers are below market expectations. The outlook is for a growth of 1-2% in revenue, which is […]
After TCS’ Chandrasekaran, it is the turn of Wipro’s former CEO and current executive vice chairman TK Kurien to retire. He was expected to step down in March. He will step down at the end of this month, a year after he was moved out of the CEO position. “TK and Abid have worked together […]
Wipro Limited launched its offerings that use Open Banking API technological platform. Open Banking platform is a Europe-based standard that lets third party developers build applications and services that tap into a bank’s core services and infrastructure. For example, one can build a billing or ticket booking or payment service that can then ‘talk’ to […]
