Friday, 17 January 2014

Wipro Ltd - Announces Q3 results & Auditors Report for the Quarter ended December 31, 2013

Wipro Ltd has announced has announced the following results for the quarter ended December 31, 2013:

The Audited Standalone results for the Quarter ended December 31, 2013

The Company has posted a net profit of Rs. 20479 million for the quarter ended December 31, 2013 as compared to Rs. 13922 million for the quarter ended December 31, 2012. Total Income has increased from Rs. 87243 million for the quarter ended December 31, 2012 to Rs. 105102 million for the quarter ended December 31, 2013.

The Consolidated Results are as follows:

The Audited Consolidated results for the Quarter ended December 31, 2013

The Group has posted a net profit after taxes, Minority Interest and Share of Profit of Associates of Rs. 20147 million for the quarter ended December 31, 2013 as compared to Rs. 17164 million for the quarter ended December 31, 2012. Total Income has increased from Rs. 98778 million for the quarter ended December 31, 2012 to Rs. 117086 million for the quarter ended December 31, 2013.

Tuesday, 3 December 2013

Wipro to acquire Opus CMC for over Rs 467 cr

Country's third largest software services firm Wipro said it will acquire US-based Opus Capital Market Consultants for USD 75 million (over Rs 467 crore) to strengthen its mortgage solutions business in North America, reported PTI.
The acquisition, which is expected to be completed in the fourth quarter (January-March) of 2013-14 fiscal, will aid Wipro in managing risks and identifying profitable growth opportunities in the existing loan portfolio as well as new originations, said the report.
The purchase agreement of USD 75 million includes a deferred earn-out component, Wipro said without giving further details of the deal with. It will also strengthen the company's mortgage (home loans) solutions and outsourcing business, Wipro said in a statement.
"This acquisition will help us expand in the high-end mortgage BPO segment and bring differentiated capability with a platform-based risk management offering," Wipro Senior Vice President and Head - BPO Manoj Punja said.
The company intends to leverage Opus' capabilities and knowledge base to create an end-to-end offering for all mortgage players with a greater degree of automation and application of analytics, he added.
Portico Capital Securities served as the exclusive financial advisor to Opus

Friday, 25 October 2013

Accenture tops the list of 20 most sought after employers in India, Wipro at no. 2: LinkedIn

Accenture has topped the list of 20 most sought after employers in India, according to the professional networking site LinkedIn.
This is the second year in a row Accenture has retained its numero uno spot, LinkedIn said.
IT majors Wipro and Infosys have been ranked at the second and third place respectively as the 'most InDemand employer brand' in India by LinkedIn, reported PTI.
In India the top sectors are tech, telecom & media , professional services, and aero/auto/engineering.
The top 10 companies in the list are IBM (4th), Hewlett Packard (5th), Oracle (6th), Tata Consultancy Services (7th), Amazon (8th), Microsoft (9th) and Airtel (10th).
"The companies who have made it to this year's list are definitely ahead of the curve in their talent management efforts," LinkedIn India Director Talent Solutions Irfan Abdulla said.
"Building and maintaining an employer brand to attract the right kind of candidates is the need of the hour, failing which they will surely lose out in the war for quality talent," Abdulla added.

Tuesday, 22 October 2013

Wipro Ltd - Announces Q2 results, Results Press Release & Auditor's Report for the Quarter ended September 30, 2013


Wipro Ltd has announced the following results for the quarter ended September 30, 2013:

The Audited results for the Quarter ended September 30, 2013

The Company has posted a net profit of Rs. 16164 million for the quarter ended September 30, 2013 as compared to Rs. 16348 million for the quarter ended September 30, 2012. Total Income has increased from Rs. 87323 million for the quarter ended September 30, 2012 to Rs. 99264 million for the quarter ended September 30, 2013.

The Consolidated Results are as follows:

The Audited results for the Quarter ended September 30, 2013

The Group has posted a net profit after taxes, Minority Interest and Share of Profit of Associates of Rs. 19321 million for the quarter ended September 30, 2013 as compared to Rs. 16106 million for the quarter ended September 30, 2012. Total Income has increased from Rs. 95280 million for the quarter ended September 30, 2012 to Rs. 113319 million for the quarter ended September 30, 2013.

Tuesday, 15 October 2013

Wipro hits over 13-year high on hopes of huge order from India Post

Shares of IT major Wipro Ltd gained as much as 3.7 per cent in the morning trade and touched over 13-year high on Bombay Stock Exchange (BSE) on the hopes of winning order worth Rs 1,500 crore from India Post for supplying handheld devices. At 13:05 hours, shares of the company were trading at Rs 515 a piece, up 2.81 per cent from previous close on BSE. A PTI report quoted a government official as saying that Wipro and HCL Infosystems have qualified for technical bids for supplying 1,30,000 handheld devices to Department of Posts (DoP).

Monday, 14 October 2013

Wipro gains on hopes of winning Rs 1,500 cr order from India Post

Shares of India’s third largest software exporter Wipro Ltd gained as much as 4 per cent in the morning trade on Bombay Stock Exchange (BSE) on hopes of winning a Rs 1,500 crore order from India Post for supplying devices. At 12:15 hours, shares of the company were trading at Rs 502.50 a piece, up 2.91 per cent from previous close on BSE. According to an Economic Times report, Wipro and HP have qualified to bid for supplying 1,30,000 handheld devices to Department of Posts (DoP).

Thursday, 26 September 2013

Wipro gains ahead of Nifty inclusion

Shares of the India’s third largest software exporter Wipro Ltd gained nearly 3 per cent in the morning trade on bourses ahead of its inclusion in the 50-share benchmark index Nifty from September 27 with a weightage of 1.5 per cent.
At 12:10 hours, shares of the company were trading at Rs 487.55 a piece, up 2.5 per cent from previous close on BSE.
Wipro will replace Reliance Infrastructure from Nifty. It was excluded from Nifty on April 1, 2013 after it hived off its non-IT business into a separate company.