"We are selectively looking at acquisitions it will be a string of smaller ones," Wipro chairman Azim Premji told reporters on the sidelines of a conference.
Revenue from its IT services business rose 9 percent to $1.86 billion.
Wipro Technologies and Excelergy Corporation have signed a partnership agreement to jointly market, deploy and integrate the complete line of Excelergy platforms, including the CustomerPoint CIS/CRM solution.
Fear of a recession in the US due to rising unemployment has added to the concerns of India's IT services sector, which was seeing some growth returning after Q1FY25 results. The Nifty IT closed 3.26 per cent down, as major IT services companies' stock value fell. Tata Consultancy Services (TCS), India's largest IT services firm, saw its stock price fall 4 per cent during intraday trading.
This partnership will significantly enhance customer experience and satisfaction through the use of IT, Wipro said in a statement.
"Police and bomb squad have carried out their search at Wipro campus and found no suspicious object in the vicinity," Bangalore police Commissioner Raghavendra Auradhkar said.
Wipro chief Azim Premji on Tuesday said the company is looking at acquisition of $50-100 million companies abroad.
On Wednesday, Wipro Infotech in exclusive partnership with California-based ZResearch launched the Wipro Supernova range of supercomputers and superstorage systems in India.
These 90 new jobs are in addition to the 280 staff that Wipro already employs across Scotland.
As the job markets open up, top IT services firms may look at a tiered strategy in which they hire entry-level talents at higher salaries, amid a major technological shift, say HR analysts.
For the full 2016-17, Wipro's profit fell nearly 5 per cent to Rs 8,518 crore while total income grew 7.4 per cent to Rs 57,995 crore compared to the previous fiscal.
The second campus would have the potential to create around 18,000 jobs
The company will significantly increase its rate of patent filing.
Its revenue from operations, however, grew 8.3 per cent to Rs 14,541 crore during the period under review from Rs 13,423.4 crore in the same quarter last year.
Firm evaluating options, could spend over $400 million.
Wipro, India's third largest information technology (IT) services company, is expected to continue with its strong show during the October-December quarter of financial year 2014.
As the results season kicks in, the quarterly earnings numbers of several blue-chip firms -- such as Infosys and Reliance Industries -- along with global trends and trading activity of foreign investors, will determine equity market movement in the holiday-shortened week ahead, according to analysts. The domestic WPI inflation data for June -- scheduled to be announced on Monday -- will also influence trading sentiments, traders said. Markets will remain closed on Wednesday for Muharram.
Wipro Technologies, the global IT services business of Wipro Limited, on Tuesday announced that it has been recognized as a winner of the 2009 Global MAKE (Most Admired Knowledge Enterprises) Award for 'developing knowledge workers through senior management leadership' and 'Creating an environment for collaborative knowledge sharing.
India's third-largest software company, Wipro, has initiated a second round of major business and executive changes within a few weeks. A fortnight ago, the company announced the appointment of Suresh Vaswani and Girish Paranjpe as joint chief executive officers of Wipro Technologies, the company's global IT arm.
Wipro may not see good growth in APAC regions in ensuing quarters.
Customers can expect nimbler, more pro-active delivery, says the Wipro CEO.
The jury is still out on whether this will lead to re-skilling.
The voting rights with the promoter will ensure the interests of the promoter family as well as minority shareholders are protected in future, said corporate governance advocates and corporate lawyers.
'We have focused on it quarter after quarter and started to build the pipeline.'
Wipro BPO has opened a centre in Cebu, the Philippines, as a part of its global strategy.
Wipro is using this in-house innovation to automate internal functions such as helpdesk management
Quantum Corp, a global leader in storage and Wipro Technologies, the global IT services division of Wipro, on Monday announced a strategic pact where Wipro will provide engineering and software design services to augment Quantum's internal storage sy
Wipro has announced changes in the management structure of its IT business and expansion of its board. The firm appointed Girish Paranjpe, Suresh Senapaty and Suresh Vaswani to the Board of Wipro Ltd. Wipro also re-structured its IT business by appointing Girish Paranjpe and Suresh Vaswani as joint-CEOs. Paranjpe was the president of the banking, financial services & insurance business unit of the global IT business of Wipro. Suresh Vaswani was the president of Wipro Infotech
As Wipro enters the new financial year, fresh after the organisational restructuring, it has given a muted revenue guidance for the next quarter, which has not gone in well with the market.
Wipro Ltd Chairman Azim Premji on Friday said there are "absolutely no plans" to list Wipro Enterprises, the demerged non-IT businesses firm of the group, on stock exchanges.
The all-cash deal is expected to close in the March 2016 quarter.
"Our strategic investments, backed by strong client relationships and client spends towards enterprise modernisation and digital transformation have enabled us to deliver a very satisfying quarter," Wipro CEO and executive director Abidali Z Neemuchwala said.
After HCL Infosystems, another IT major Wipro has decided to shut down its manufacturing of computers and servers due to changing market scenario and consumer preferences.
Wipro's ServiceNXT Operations framework will be utilised to manage PMI's technology and applications infrastructure.
He is betting on emerging firms to generate ideas and build wealth through Premji Invest
Why the consumer care business is still important to IT major Wipro?
Wipro Technologies, the global IT services division of Wipro Limited, signed a licensing and advanced development deal to jointly develop an advanced mobile and remote workforce management system.
Six years ago, the company discovered an incident of embezzlement of about $4 mn by an employee.
Reliance Industries was the biggest gainer in the Sensex pack, rising 2.69 per cent, followed by HCL Tech, ICICI Bank, Tata Motors, Wipro, IndusInd Bank, JSW Steel, Wipro, Tata Consultancy Services and Titan. In contrast, NTPC, Power Grid, UltraTech Cement, Axis Bank, Infosys and Nestle were the major laggards.
