Wipro trades higher on inking agreement to acquire EdgileTogether, the company and Edgile will develop Wipro CyberTransform, an integrated suite that will help enterprises enhance boardroom governance of cyber security risk
Wipro inks agreement to acquire EdgileTogether, the company and Edgile will develop Wipro CyberTransform, an integrated suite that will help enterprises enhance boardroom governance of cyber security risk
Wipro gains on signing agreement to acquire LeanSwift SolutionsThe acquisition aligns with Wiproas strategy to invest and expand its cloud transformation business through Wipro FullStride Cloud Services
Wipro signs agreement to acquire LeanSwift SolutionsThe acquisition aligns with Wiproas strategy to invest and expand its cloud transformation business through Wipro FullStride Cloud Services
Wipro deepens Microsoft Cybersecurity ExpertiseThis enables organizations to secure enterprise identities, devices and apps from advanced threats across on-premise and multi-cloud environments
Wipro introduces regulatory literature monitoring for pharmaceutical organizationsThe company has entered into managed services engagement with Springer Nature to introduce regulatory literature
Wipro named as aleadera in Forrester Wave Data Management Service ProvidersWipro received differentiated ratings in the data engineering, execution roadmap, community, data cloud and migration, data quality, and delivery model criteria
Today's price summary
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Wipro Ltd. is a multi-faceted brand engaged in offering information technology solutions as well as FMCG products.
Wipro offers information technology consulting and business process solutions to a global clientele utilising analytics, robotics, cloud, and advanced emerging technologies. The company is built on a scalable and adaptive ecosystem, which helped it strive under different market conditions.
Company profile and background
Mohamed Hashem Premji started Western India Product Ltd. in 1945. The company initially produced refined edible oil. After his death, his son Azim Premji took the company's helm, and in 1980, Wipro Ltd. switched its focus to become an information technology company.
Wipro is a leading IT consulting, business process service company in India with a global footprint in over 54 countries. They offer IT solutions in Systems Integration, Consulting, R&D Services, Information Systems Outsourcing, IT-Enabled Services and more. Their headquarter is located in Bengaluru, with offices across several Indian cities.
In 2001, Wipro Ltd. became the first Indian software technology company to receive ISO:14001 certification.
In 2013, Wipro carried out a demerger process segregating consumer care, lighting engineering, and other non-IT businesses from its IT segment to focus primarily on information technology.
The total net worth of Wipro Ltd. in August 2021 was Rs 555 billion, and its current market capitalisation is Rs. 359,733.57 crores. It is the third-largest Indian software company in terms of market share.
Company's financial performance
- The company stocks have garnered 182.84% returns in the last three years against 64.35% returns provided by NIFTY 100 and 182.84% returns compared to 146.63% on NIFTY IT.
- Their Q2FY22 consolidated income was Rs 20,173.60 crore, a sequential gain of 5.92%.
- Their year-on-year total income increased by 28.89% against Rs 15,651.40 crores last year.
- The company's net profit after tax stood at Rs 2,931.60 crore in Q2 FY22.
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