Tag: wipro
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Wipro deal wins plunge to near four-year low, deepening turnaround worries
BENGALURU, Oct 15 : Wipro’s quarterly deal bookings plunged to an almost four-year low, deepening worries that India’s fourth-largest IT firm is ceding market share to rivals.Thursday’s news dragged down the company’s US-listed shares 4.5 per cent in premarket trading and highlighted CEO Srinivas Pallia’s str
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India’s Wipro beats second-quarter revenue expectations, deal bookings drop
BENGALURU, Oct 15 : Wipro, India’s fourth-largest IT company, reported higher-than-expected second-quarter revenue on Thursday, helped by a revival in spending by its European clients and artificial intelligence unlocking new revenue streams.The company’s consolidated revenue rose 9.1 per cent to 247.53 billi
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India’s Wipro beats second-quarter revenue expectations
BENGALURU, Oct 15 : Wipro, India’s fourth-largest IT company, reported higher-than-expected second-quarter revenue on Thursday, helped by a revival in spending by its European clients and artificial intelligence unlocking new revenue streams.The company’s consolidated revenue rose 9.1 per cent to 247.53 billi
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Wipro’s AI push frees capacity equivalent to 20,000 workers, CTO says
BENGALURU, Sept 10 : Wipro’s AI initiatives have increased productivity equivalent to the output of 20,000 employees, who have since been redeployed within the Indian IT firm, its chief technology officer said.The comments come as India’s $315 billion software services industry grapples with adoption of AI, w
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India’s Wipro lags peers after earnings miss, weak forecast
BENGALURU, July 16 : Wipro missed quarterly earnings estimates and forecast a weak recovery, raising fresh concerns about the Indian IT firm losing ground to rivals as demand in its key Americas market softens.After Thursday’s news, its U.S.-listed shares fell as much as 2.2 per cent in pre-market trading and
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India’s Wipro opens AI center for Anthropic’s Claude in Bengaluru
June 16 : India’s Wipro said on Tuesday it has set up a Center of Excellence (CoE) for applied AI focused on Anthropic’s Claude models at its Bengaluru hub.Wipro’s move comes as AI-led automation pressures revenue of traditional Indian IT services firms, which lost billions of dollars in market value in Febru
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