Wipro’s new CEO may earn up to Rs 40 cr a year

Thierry Delaporte’s pay package would be around 34 per cent higher than the total compensation that Wipro CEO Abidali Neemuchwala received in financial year 2019-20 (FY20). It also brings the Wipro CEO’s salary on par with other top IT firms such as Infosys and Cognizant.  IT services major Wipro’s Chief Executive Officer-designate Thierry Delaporte could potentially earn up to Rs […]

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Voting rights on 34% of Wipro shares are still with Premji family

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. Unlike Tata Trusts where the trusts directly hold shares in Tata Sons, the Azim Premji family will continue to hold voting rights on 34 per cent of shares, while the […]

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Wipro’s net profit rises 31.8%

Wipro’s third-quarter net profit rose 31.8% to ₹19,301 million year-on-year as its revenue from banking, financial services and insurance increased by 24.7%. India’s third largest software exporter’s revenue rose 10.1% to ₹150,595 million for the period compared to the same period a year earlier, according to a company statement. Revenue from BFSI sector rose to ₹45,979 million compared to ₹36,849 […]

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Wipro Q2 net profit drops 14% to Rs 1,889 crore

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. IT services major Wipro on Wednesday posted a 13.8 per cent decline in consolidated net profit at Rs 1,889 crore for the July-September quarter of 2018-19 compared to the year-ago period. The […]

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$1.6 bn Alight deal puts Wipro back in the game

The contract has not only cemented the position of its chief executive officer Abidali Neemuchwala, it has also proven the ability of the current management to successfully chase and close larger deals that are becoming scarcer in the market. After several quarters of slow growth, IT major Wipro is seen to have regained the momentum with the clinching of the […]

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Wipro Wins $1.6 Bln Contract, Its Largest-ever

India-based software services provider Wipro Ltd. announced that it has won a 10-year contract worth $1.5 to $1.6 billion, its largest contract to date, from US-based Alight Solutions LLC. Wipro is required to provide a comprehensive suite of solutions and services to Lincolnshire, Illinois-based Alight Solutions. “Our industry-leading partnership with Wipro will enhance our client experience by drawing on Wipro’s […]

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