Recent Insider Transactions • May 11
Senior VP recently sold ₹1.4b worth of stock On the 4th of May, Aparna Iyer sold around 75k shares on-market at roughly ₹19,207 per share. This transaction amounted to 61% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Aparna's only on-market trade for the last 12 months. Announcement • Apr 17
Wipro Limited (BSE:507685) announces an Equity Buyback for 600,000,000 shares, representing 5.72% for INR 150,000 million. Wipro Limited (BSE:507685) announces a share repurchase program. Under the program, the company will repurchase up to 60,00,00,000 equity shares, representing 5.72% of its issued shares for INR 150,000 million. The shares will be repurchased at a price of INR 250 per share. The purpose of the offer is to return surplus funds to the shareholders thereby enhancing the overall return to the shareholders, to improve financial ratios like return on equity and earnings per share and to provide an option to the shareholders to either participate in the buyback and get cash in lieu of their shares or not participate in the buyback and enjoy an increase in their percentage shareholding post the buyback, without additional investment. The shares repurchased will be funded from current balances of cash and cash equivalents and/or internal accruals of the company. The buyback is subject to approval of shareholders by way of a special resolution through a postal ballot. As of April 10, 2026, the company had 10,48,85,14,984 shares in issue. Reported Earnings • Apr 17
Full year 2026 earnings: EPS misses analyst expectations Full year 2026 results: EPS: ₹12.60 (up from ₹12.56 in FY 2025). Revenue: ₹926.2b (up 4.0% from FY 2025). Net income: ₹132.0b (flat on FY 2025). Profit margin: 14% (in line with FY 2025). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.0%. Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the IT industry in India. Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 4% per year. Announcement • Apr 17
Wipro Limited (BSE:507685) signed a definitive agreement to acquire Select Customer Contracts of Alpha Net Consulting, LLC for $70.8 million. Wipro Limited (BSE:507685) signed a definitive agreement to acquire Select Customer Contracts from Alpha Net Consulting, LLC for $70.8 million on April 14, 2026. A cash consideration of $70.8 million will be paid by Wipro Limited. As part of consideration, $70.8 million is paid towards assets of Select Customer Contracts of Alpha Net Consulting, LLC. The purchase consideration includes a deferred consideration in the form of earnout, payable subject to achievement of certain performance metrics / conditions.
For the calendar year ending December 31, 2025, Select Customer Contracts of Alpha Net Consulting, LLC reported total revenue of $37.3 million.
The transaction is expected to be completed by June 30, 2026.
Chuck Samuelson, Irina Dolinskiy, Alan Kravitz, Anders Seah, Sean Reilly and Charles Wachsstock of Hughes Hubbard & Reed LLP acted as a legal advisor to Wipro Limited. Announcement • Apr 02
Wipro Limited to Report Q4, 2026 Results on Apr 16, 2026 Wipro Limited announced that they will report Q4, 2026 results on Apr 16, 2026 Announcement • Apr 01
Wipro Limited Announces Executive Changes Wipro announced that it has appointed Nagendra Bandaru as the CEO of its newly created artificial intelligence segment. Bandaru will head the unit that will develop agentic AI solutions and create new AI-led business streams. The company also announced the resignation of Suzanne Dann, CEO of its "Americas2" unit. Accenture veteran Kanwar Singh has ?been brought in to fill Bandaru's current role of president and managing partner of technology services business line. Declared Dividend • Jan 21
Dividend of ₹6.00 announced Shareholders will receive a dividend of ₹6.00. Ex-date: 27th January 2026 Payment date: 14th February 2026 Dividend yield will be 4.6%, which is higher than the industry average of 1.7%. Sustainability & Growth Dividend is covered by earnings (87% earnings payout ratio) but not adequately covered by cash flows (91% cash payout ratio). The dividend has increased by an average of 16% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 19% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Jan 17
Third quarter 2026 earnings: EPS misses analyst expectations Third quarter 2026 results: EPS: ₹2.98 (down from ₹3.21 in 3Q 2025). Revenue: ₹235.6b (up 5.5% from 3Q 2025). Net income: ₹31.2b (down 7.0% from 3Q 2025). Profit margin: 13% (down from 15% in 3Q 2025). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 7.5%. Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 7.2% growth forecast for the IT industry in India. Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 10% per year. Announcement • Jan 05
Wipro Limited to Report Q3, 2026 Results on Jan 16, 2026 Wipro Limited announced that they will report Q3, 2026 results on Jan 16, 2026 Announcement • Dec 03
Wipro Limited (BSE:507685) completed the acquisition of Digital Transformation Solutions business unit of Harman International Industries, Incorporated. Wipro Limited (BSE:507685) entered into an agreement to acquire Digital Transformation Solutions business unit of Harman International Industries, Incorporated for approximately $380 million on August 21, 2025. A purchase consideration including earn-outs, totaling up to $375 Million. As part of the acquisition, Wipro will enter into a multi-year strategic agreement with HARMAN and Samsung. Upon completion of the acquisition, DTS will be integrated into Wipro’s Engineering Global Business Line. For the period ending December 31, 2024, Digital Transformation Solutions business unit of HARMAN. reported total revenue of $314.5 million.
The transaction is subject to approval by regulatory board / committee and subject to antitrust regulations. As of December 2, 2025, the transaction received all required regulatory approvals. The expected completion of the transaction is December 31, 2025.
Deutsche Bank Securities Inc. acted as financial advisor for Harman International Industries, Incorporated. Leif King, Aarthi Belani, Darcy Down, Lane Morgan, Joe Lance, Creighton Macy, Mark Weiss, Rod Hunter, Sarah Winston, Adam Aft, Jonathan Tam, Kimberly Franko, Amanda Cohen and Thomas Asmar of Baker & McKenzie LLP acted as legal advisor for Harman International Industries, Incorporated. Srinath Dasari, Bhuvana Veeraragavan, Bharat Budholia and Aditya Singh Chandel of AZB & Partners acted as legal advisor to Wipro Limited. Rupinder Malik and Harshit Anand of J. Sagar Associates acted as legal advisor to Harman International Industries, Incorporated.
Wipro Limited (BSE:507685) completed the acquisition of Digital Transformation Solutions business unit of Harman International Industries, Incorporated on December 1, 2025. Reported Earnings • Oct 17
Second quarter 2026 earnings: EPS misses analyst expectations Second quarter 2026 results: EPS: ₹3.10 (up from ₹3.07 in 2Q 2025). Revenue: ₹227.0b (up 1.8% from 2Q 2025). Net income: ₹32.5b (up 1.2% from 2Q 2025). Profit margin: 14% (in line with 2Q 2025). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.2%. Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the IT industry in India. Over the last 3 years on average, earnings per share has increased by 8% per year and the company’s share price has also increased by 8% per year. Announcement • Oct 06
Wipro Limited to Report Q2, 2026 Results on Oct 16, 2025 Wipro Limited announced that they will report Q2, 2026 results on Oct 16, 2025 Announcement • Jul 08
Wipro Limited to Report Q1, 2026 Results on Jul 17, 2025 Wipro Limited announced that they will report Q1, 2026 results After-Market on Jul 17, 2025 Announcement • Jun 19
Wipro Limited, Annual General Meeting, Jul 16, 2025 Wipro Limited, Annual General Meeting, Jul 16, 2025, at 09:00 Indian Standard Time. Announcement • Jun 10
Wipro Limited Relocates Its Middle East Regional Headquarters from Al Khobar to Riyadh, Saudi Arabia Wipro Limited announced the relocation of its Middle East regional headquarters from Al Khobar to Riyadh, Saudi Arabia. The new office in Riyadh was inaugurated in a ceremony attended by the Wipro executive team, employees, and customers. This is the latest addition to Wipro’s growing presence in the region, which includes offices in Riyadh, Al Khobar, Jeddah, and Jubail. In addition to this new office opening, Wipro recently signed a Memorandum of Understanding (MoU) with Prince Mohammad Bin Fahd University (PMU) to establish a Center of Excellence (CoE) in Riyadh. This partnership aims to upskill local talent by providing academic training in advanced technologies, hands-on experience, and access to Wipro's resources. The CoE will focus on equipping young Saudi nationals with future-ready skills, creating a talent pool that can add value to organizations and the kingdom. Announcement • May 29
Wipro Limited Unveils its Global Wipro Innovation Network to Accelerate Co-Innovation with Clients Wipro Limited announced the launch of its global Wipro Innovation Network designed to accelerate strategic, client centric co-innovation. The network will leverage frontier technologies ranging from Artificial Intelligence (AI) to Quantum Computing to solve some of the most challenging problems for clients across industries. As part of the unveiling of the Wipro Innovation Network, Wipro also announced the opening of its newest and first-of-a-kind Innovation Lab at its Kodathi campus in Bengaluru. This future-forward facility will function as a key hub for Wipro's clients to explore the art of the possible. Wipro's Innovation Labs, located across the globe, are designed to deliver immersive experiences that showcase cutting-edge industry solutions and explore the future of technology. These Labs are collaborative environments where clients engage with experts, often through immersive workshops, to identify and co-create high-impact, high-priority use cases. They can experience a wide range of advanced solutions, including agentic systems for software engineering, Smart Factories powered by embodied AI, the Cloud Car, Inspect AI, Wealth AI, Earnings AI, and quantum computing applications for drug discovery, among others. Reported Earnings • May 24
Full year 2025 earnings: EPS exceeds analyst expectations Full year 2025 results: EPS: ₹12.56 (up from ₹10.44 in FY 2024). Revenue: ₹890.9b (flat on FY 2024). Net income: ₹131.4b (up 19% from FY 2024). Profit margin: 15% (up from 12% in FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.0%. Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the IT industry in India. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 2% per year. Announcement • Apr 22
Wipro Limited Provides IT Services Business Segment Revenue Guidance for the Quarter Ending June 30, 2025 Wipro Limited provided IT Services business segment revenue guidance for the quarter ending June 30, 2025. For the quarter, The company expects revenue from IT Services business segment to be in the range of $2,505 million to $2,557 million. This translates to sequential guidance of (-)3.5% to (-)1.5% in constant currency terms. Reported Earnings • Apr 17
Full year 2025 earnings: EPS exceeds analyst expectations Full year 2025 results: EPS: ₹12.56 (up from ₹10.44 in FY 2024). Revenue: ₹890.9b (flat on FY 2024). Net income: ₹131.4b (up 19% from FY 2024). Profit margin: 15% (up from 12% in FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.0%. Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 7.3% growth forecast for the IT industry in India. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Price Target Changed • Apr 17
Price target decreased by 8.6% to ₹254 Down from ₹278, the current price target is an average from 42 analysts. New target price is 7.2% above last closing price of ₹237. Stock is up 6.6% over the past year. The company is forecast to post earnings per share of ₹12.59 for next year compared to ₹12.56 last year. Announcement • Apr 02
Wipro Limited to Report Fiscal Year 2025 Results on Apr 16, 2025 Wipro Limited announced that they will report fiscal year 2025 results on Apr 16, 2025 Announcement • Mar 05
Wipro Limited Launches Telcoai360 to Transform Operations for Telcos by Leveraging Ai Wipro Limited launched TelcoAI360 to transform operations for telcos by leveraging AI. The AI-first Managed Services platform will empower telcos to roll out differentiated technology solutions at scale and speed, while delivering better customer experience at a fraction of the cost. TelcoAI360 integrates Wipro's domain expertise with AI-powered tools and solutions, enabling Communication Service Providers (CSPs) to significantly reduce operational costs by streamlining processes, automating workflows, and managing resources efficiently. Additionally, TelcoAI360 will deliver faster time to market for new products and services, boosting revenue potential. Recognizing the unique needs of telcos, the platform will be offered 'as-a-Service' with composable components that can be customised and deployed for each CSP. Developed in collaboration with Wipro's AI partner ecosystem and leveraging ServiceNow's Telecommunications industry solutions suite, TelcoAI360 will provide: A unified platform integrating multiple telecom technologies for seamless adoption within existing architectures supporting market share growth; Enhanced network performance through intelligent automation, real time monitoring and predictive maintenance to prevent disruptions and boost service reliability; Integrated, AI-enabled security measures that provide real-time threat detection and fraud prevention, ensuring robust data protections; Customizable portals that provide a seamless and branded user experience for customers while providing visibility into performance; Standardized APIs (Application Programming Interfaces) to facilitate seamless communication between different systems, ensuring operational efficiency and compliance with industry standards; Seamless interoperability with multiple cloud environments, allowing telcos the flexibility to scale their infrastructure based on demand in real time; Comprehensive management of the entire lifecycle of products and services, from planning and design to deployment, in-life management and retirement. Announcement • Feb 15
Wipro Announces Executive Appointments Wipro announced the appointment of Accenture executive Amit Kumar as the new managing partner and global head of Wipro Consulting, effective immediately. Based in New York in the US, Kumar will directly report to CEO and MD Srini Pallia and join the Wipro Executive Board. Amit (Kumar) will lead Wipro’s efforts to drive consulting-led, AI-powered growth and guide clients through business and technology changes. He will leverage Wipro’s expertise to deliver transformative AI, data, and industry solutions, helping businesses scale and grow amid digital disruption. Prior to joining Wipro, Amit served as Managing Director for Accenture Consulting, where his roles included the Americas Market and Industry X Consulting over the last 17 years. A graduate of St. Stephen’s College, Delhi, Kumar holds a master’s degree in management from the Symbiosis Institute of Business Management, Pune and has over 24 years of experience across North America, Europe, and the Asia-Pacific. He has worked across industries such as high-tech, chemicals, energy, retail, automotive, and consumer goods towards business transformation, operational excellence, engineering, manufacturing digitization, and supply chain management. Wipro leadership changes This is one of the few executive leadership positions filled by an external candidate at Wipro. Recently, Wipro hired former Deloitte official Madhu Menon as its global head and vice president - talent acquisition. Declared Dividend • Jan 19
Dividend of ₹6.00 announced Shareholders will receive a dividend of ₹6.00. Ex-date: 28th January 2025 Payment date: 15th February 2025 Dividend yield will be 2.1%, which is higher than the industry average of 1.7%. Sustainability & Growth Dividend is covered by both earnings (51% earnings payout ratio) and cash flows (37% cash payout ratio). The dividend has increased by an average of 15% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 22% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Jan 18
Third quarter 2025 earnings: EPS exceeds analyst expectations Third quarter 2025 results: EPS: ₹3.21 (up from ₹2.58 in 3Q 2024). Revenue: ₹232.8b (up 4.8% from 3Q 2024). Net income: ₹33.5b (up 25% from 3Q 2024). Profit margin: 14% (up from 12% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 9.2%. Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the IT industry in India. Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has fallen by 2% per year. Announcement • Jan 18
Wipro Limited Approves Interim Dividend, Payable on or Before February 15, 2025 Wipro Limited at its board of directors meeting held over January 16-17, 2025, approved the payment of interim dividend of INR 6.00 per equity share of par value INR 2.00 each to the Members of the Company as on January 28, 2025, being the Record Date. The payment of Interim Dividend will be made on or before February 15, 2025. Price Target Changed • Jan 09
Price target increased by 7.3% to ₹293 Up from ₹273, the current price target is an average from 41 analysts. New target price is approximately in line with last closing price of ₹292. Stock is up 30% over the past year. The company is forecast to post earnings per share of ₹11.90 for next year compared to ₹10.44 last year. Announcement • Jan 08
Wipro Limited to Report Q3, 2025 Results on Jan 17, 2025 Wipro Limited announced that they will report Q3, 2025 results at 3:30 PM, Indian Standard Time on Jan 17, 2025 Announcement • Nov 27
Wipro Limited Announces Executive Changes Wipro Limited has announced Omkar Nisal's appointment as the Chief Executive Officer, Europe Strategic Market Unit (SMU), effective immediately. Omkar will report to CEO and MD Srini Pallia and will also join the Wipro Executive Board. Omkar succeeds Pierre Bruno, who is stepping down. Omkar will continue to be based in London. Omkar has been with Wipro since 2012, establishing himself as a trusted advisor to clients, and has built high-performing teams that work with clients across business sectors to deliver exceptional results. Among his many achievements over the years, Omkar successfully ran Wipro's Banking-EMEA business, working closely with large and niche financial institutions across UKI, Europe, the Middle East, and Africa. This included enabling them through their digital transformation with a significant focus on customer journey redesign, enterprise engineering, ways of working, and AI-led automation. He most recently served as the Senior Vice President and Managing Director of the UK and Ireland, managing a regional P&L of over a billion dollars. Omkar, an honors graduate in Computer Science, continues to be a deep technologist at heart, having applied for patents in the areas of Channels, AML, and Fraud Detection. Announcement • Nov 10
Wipro Limited Announces Executive Changes Wipro Limited announced the appointment of Mr. Raghuraman Ranganathan as Chief Risk & Assurance Officer of the Company, effective from November 7, 2024. Owing to an internal change in role, Mr. Byomokesh Tripathy ceases to act as the Chief Risk Officer of the Company, effective November 6, 2024. Mr. Raghuraman Ranganathan ("Raghu") brings more than 22 years of overall experience in Business Finance, Internal Audit, Enterprise Risk Management, Business Process Transformation, Investigations and Forensics. He has spent more than 17 years at Wipro and held various roles, including Head of the Corporate Risk Center of Excellence, Business Finance Manager--CIS, and Business Process Excellence for Record to Report. His most recent role was as Head of Internal Audit. Raghu loves following cricket, reading books, and playing chess. He lives in Bangalore with his wife and daughter. Reported Earnings • Oct 18
Second quarter 2025 earnings: EPS exceeds analyst expectations Second quarter 2025 results: EPS: ₹6.14 (up from ₹5.06 in 2Q 2024). Revenue: ₹233.0b (up 3.5% from 2Q 2024). Net income: ₹32.1b (up 21% from 2Q 2024). Profit margin: 14% (up from 12% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 6.7%. Revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 7.8% growth forecast for the IT industry in India. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Announcement • Oct 02
Wipro Limited to Report Q2, 2025 Results on Oct 17, 2024 Wipro Limited announced that they will report Q2, 2025 results on Oct 17, 2024 Announcement • Aug 30
Wipro Limited Announces Executive Changes Wipro Limited announced the appointment of Srikumar Rao as Global Head of its Engineering Edge Business Line, effective from October 5, 2024. Srikumar succeeds Harmeet Chauhan, who is stepping down to pursue opportunities outside the organization. Srikumar will report to Srini Pallia. Srikumar has been with Wipro for 26 years and has grown with the organization, serving in various leadership roles. He was most recently the Chief Operating Officer (COO) of Wipro Engineering Edge (WEE) and Global Practice Head of Embedded Systems. His work has spanned several markets, selling and delivering specialized Engineering, Research, and Development (ER&D) services to Software & Internet, Semiconductor, Automotive, Manufacturing, and Communications clients. In his new role, Srikumar will continue to scale and strengthen Wipro’s engineering prowess. He will also be responsible for defining the vision and growth strategy for Wipro’s ER&D Services business, while providing world-class, AI-first products, solutions, and experiences. Srikumar is a member of NASSCOM’s ER&D Executive Council. He holds a Bachelor’s degree in Electronics and Telecommunication Engineering from the College of Engineering Pune and has completed his Postgraduate Program in Software Enterprise Management from IIM Bangalore. He will be based in Bengaluru, India. Announcement • Aug 14
Wipro Limited Announces Executive Changes Wipro Limited appoints Sandhya Arun as its chief technology officer (CTO) with immediate effect, as per an internal email, hours after Subha Tatavarti resigned as CTO to pursue opportunities outside the country’s fourth largest IT firm. In her new role, she will report to chief technology and strategy officer Hari Shetty. Queries emailed to Wipro remained unanswered till press time. Arun was one of the founding leaders of Wipro Digital and her strategic partnerships were crucial in propelling clients’ digital transformation journeys, according to the company. Her 30-year career has been marked by versatility in embracing varied roles in domains such as technology consulting, cloud and engineering transformation, digital commerce and marketing, the company said. Continuing its organisational rejig under new CEO Srini Pallia, Wipro recently elevated three veterans. Nanda Kishore, chief operating officer (COO) of Americas One, was appointed chief of delivery and operational excellence. The firm announced that Dilip Dialani, who has been with Wipro for almost two decades, would take over from Nanda as COO of Americas One in the third quarter of this financial year. It also elevated the role of its chief information security officer Aathir Ahad. Meanwhile, Ajit Mahale, a senior executive who had joined Wipro under former CEO Thierry Delaporte, decided to exit the firm. Reported Earnings • Jul 20
First quarter 2025 earnings: EPS in line with expectations, revenues disappoint First quarter 2025 results: EPS: ₹5.75 (up from ₹5.24 in 1Q 2024). Revenue: ₹219.6b (down 3.8% from 1Q 2024). Net income: ₹30.0b (up 4.6% from 1Q 2024). Profit margin: 14% (up from 13% in 1Q 2024). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 1.1%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 7.7% growth forecast for the IT industry in India. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has fallen by 2% per year. Announcement • Jul 18
Wipro Limited Confirms Interim Dividend Declared by the Board on January 12, 2024 as the Final Dividend Wipro Limited announced that at its AGM held on July 18, 2024, shareholders approved the interim dividend of INR 1 per equity share declared by the board on January 12, 2024 as the final dividend for the financial year 2023-24. Announcement • Jul 02
Wipro Limited to Report Q1, 2025 Results on Jul 19, 2024 Wipro Limited announced that they will report Q1, 2025 results on Jul 19, 2024 Announcement • Jun 25
Wipro Limited Proposes Final Dividend for the Financial Year 2023-24 Wipro Limited at its AGM to be held on July 18, 2024 proposed interim dividend of INR 1 per equity share declared by the Board on January 12, 2024, as the final dividend for the financial year 2023-24. Announcement • Jun 18
Wipro Limited, Annual General Meeting, Jul 18, 2024 Wipro Limited, Annual General Meeting, Jul 18, 2024, at 09:00 Indian Standard Time. Announcement • Jun 15
Wipro Launches On-Premise GenAI Solution with Hewlett Packard Enterprise Wipro announced astrategic collaboration with Hewlett Packard Enterprise (HPE) to launch a GenAI solution within the new Customer Experience Center (CEC) at the Wipro Cloud Studio’s Kodathi office to serve customers globally. The solution will leverage Wipro's Smart Operations platform and HPE Machine Learning Development Environment to enhance operational efficiency and customer experience. The solution will be designed to reduce Mean Time to Resolution (MTTR) duration for GenAI applications by about 50% based on field testing results, decrease the inflow of incidents by 30%, increase Overall Equipment Effectiveness (OEE), and reduce process cycle time to drive ongoing operational excellence. It will benefit industries heavily reliant on customer service, IT support, and operations such as financial services, healthcare, and manufacturing sectors. Further, the solution will provide clients with the flexibility to select from a diverse range of Large Language Models (LLMs), depending on their unique business needs. Announcement • Jun 13
Wipro Limited Introduces the Lab45 AI Platform Designed to Increase Efficiencies and Transform Business Functions Wipro Limited announced the launch of the Lab45 Artificial Intelligence (AI) Platform, which leverages Generative AI (GenAI) machine learning (ML), and deep learning technologies to enable companies to realize enhanced efficiencies, transform business functions, and enable industry-specific solutions. Lab45 is Wipro's Innovation Lab and the Lab45 AI platform is availableto all Wipro employees and clients. The Lab45 AI Platform runs on a SaaS (Software-as-a-Service) model and supports various state- of-the-art Large Language Models (LLM's) from leading providers as well as custom deep- learning and other models. The platform allows for seamless integration of language and visual processing for generating images from text prompts, as well as the ability to index, parse, and summarize content. With over 1,000 GenAI agents and more than 10 GenAI applications, the platform offers no code and low code pre-built applications for HR, sales, marketing, and operations functions, while also allowing for the easy creation of industry specific GenAI agents and applications. With API-based access for custom applications, the platform makes it easier for clients to deploy GenAI to their environments. In fact, Topcoder, a Wipro platform connecting customers to its 2- million-member global talent network, has been using Lab45 AI Platform's APIs (application programming interfaces) since October 2023, resulting in a seven-fold increase in GenAI usage. Further, over the past six months, select Wipro teams and external users have been using the platform and realizing significant time savings and productivity gains. For example, in human resources (HR), the platform has reduced the time it takes to read and interpret specific clauses from large voluminous contracts to minutes from hours, enabling significant improvement in turnaround time and accuracy in the background verification process. In sales, the platform has enabled better and faster sales and revenue generation, forecasting, sales analysis, and report generation via a combination of well-known LLM's (Large Language Models) combined with custom deep learning models from Lab45. In marketing, the platform has been instrumental in website analysis and lead generation, saving teams considerable time and effort. In quality engineering and testing, recent proof of concepts (POCs) for Wipro customers in banking, pharmaceutical, telecommunication and other industries globally have shown anywhere from 20% to 30% improvements across test case, test script, and test result analytics. Announcement • Jun 06
Wipro Appoints Bruno Schenk as Country Head and Managing Director for Switzerland Wipro appoints Bruno Schenk as Country Head and Managing Director for Switzerland effective immediately. Bruno Schenk will report to Wipro's Europe CEO Pierre Bruno. Schenk succeeds Ren Mulder, who has decided to pursue opportunities outside Wipro. Bruno Schenk brings over 25 years of management experience across various industries and regions, with a deep understanding of how to leverage the power of data and technology to create value, innovation, and growth. Previously, Schenk was the CEO of Eviden Switzerland, an Atos business that combines digital, big data and security solutions, where he led a global team of experts in delivering data-driven, trusted, and sustainable digital transformation to clients. Announcement • Jun 05
Wipro Limited Launches an AI-Assisted Security and Risk Platform, Powered by Zscaler Wipro Limited announced that it has partnered with Zscaler to introduce Wipro Cyber X-Ray, an AI-assisted decision support platform. Wipro Cyber X-Ray empowers enterprise CXOs to make optimized security investment decisions and communicate cyber values to senior leadership and the board. Security business leaders often struggle to access comprehensive risk visibility across their varied cyber projects, and some may have difficulty justifying the spending to sustain cybersecurity programs and ensure continued cyber resilience in this age of constant disruption. Wipro Cyber X-Ray offers an easy-to-navigate executive dashboard to visualize cyber risk posture, activate cyber initiatives, and deliver value to the organization by helping to understand over- or under-investment in security programs. Wipro Cyber X-Ray, powered by Zscaler, provides business intelligence that will allow security leaders to confidently communicate to the board the value of current cyber investments through a cost vs. impact analysis. Announcement • May 26
Wipro Limited Announces the Appointment of Sarat Chand as Regional Head and Managing Director of Northern Europe Wipro Limited announced the appointment of Sarat Chand as Regional Head and Managing Director of Northern Europe. Sarat will report to Wipro's Europe CEO Pierre Bruno. Sarat joined Wipro in 2001. Over his two decades at Wipro, he's assumed a variety of leadership roles, including solutions lead, account management, EMEA utilities business head, and, most recently, the head of Wipro's Benelux region. As the head of the Benelux region, Sarat significantly strengthened Wipro's position in the market, driving growth with both existing and new clients. Under Sarat's leadership Wipro's Netherlands business has consistently been ranked among the top IT providers in the region by analyst firms. As the head of Northern Europe, Sarat will lead Wipro's Benelux and Nordics region, which includes seven strategic growth markets: Belgium, Denmark, Finland, Luxemburg, the Netherlands, Norway, and Sweden. Previously, the Nordics region was led by Vinay Firake, who was recently appointed to CEO of APMEA strategic market unit. Sarat holds a Mechanical Engineering Degree from Bangalore University. He will be based in Amsterdam. Reported Earnings • May 24
Full year 2024 earnings: Revenues and EPS in line with analyst expectations Full year 2024 results: EPS: ₹20.89. Revenue: ₹897.6b (flat on FY 2023). Net income: ₹110.5b (down 2.7% from FY 2023). Profit margin: 12% (in line with FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 7.4% growth forecast for the IT industry in India. Announcement • May 11
Wipro Limited Announces Executive Changes Wipro Limited announced the appointment of Vinay Firake as the Chief Executive Officer, APMEA (Asia Pacific, India, Middle East & Africa) Strategic Market Unit (SMU), effective immediately. Vinay will report to Srini Pallia and will also join the Wipro Executive Board. Vinay has been with Wipro for 26 years and has grown with the organization, serving in various leadership roles. He was most recently the Senior Vice President and Managing Director of Wipro-Nordics Business Unit based in Stockholm, where he led Operations across all industries and services. Prior to that, he led the Manufacturing & Automotive Business Unit in Europe and held various roles spanning Europe and North America, including Global Head for the Enterprise Digital Operations & Platforms business and Sales Head for Wipro's Enterprise Applications businesses in Europe. Vinay holds a Master’s Degree in Business Administration specializing in Finance and Bachelor’s degree in Computer Engineering from prestigious institutes in India. He has also successfully completed the Global Strategic Leadership Program from Wharton School and the Executive Leadership Program from Harvard Business School. Vinay succeeds Anis Chenchah, who is stepping down to pursue opportunities outside the organization. He will be based in Dubai. Reported Earnings • Apr 20
Full year 2024 earnings: Revenues and EPS in line with analyst expectations Full year 2024 results: EPS: ₹20.89. Revenue: ₹897.6b (flat on FY 2023). Net income: ₹110.5b (down 2.7% from FY 2023). Profit margin: 12% (in line with FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 7.6% growth forecast for the IT industry in India. Announcement • Apr 20
Wipro Limited Provides IT Services Business Segment Revenue Guidance for the Quarter Ending June 30, 2024 Wipro Limited provided IT Services business segment revenue guidance for the quarter ending June 30, 2024. The company expected revenue from IT Services business segment to be in the range of $2,617 million to $2,670 million. This translates to sequential guidance of (-)1.5% to +0.5% in constant currency terms. Announcement • Apr 10
Wipro Limited Announces Executive Changes Wipro Limited announced the appointment of Malay Joshi as Chief Executive Officer of Wipro Americas 1 Strategic Market Unit, effective immediately. Malay succeeds Srini Pallia, who was appointed as Chief Executive Officer and Managing Director of Wipro Limited on April 6, 2024. Malay will also join the Wipro Executive Board. Malay was previously the Senior Vice President and Business Unit Head, leading the Communications, Media, Tech, Retail, Travel, Hospitality and Public Sector industries, which make up one of Wipro’s largest business units globally. In this role, he was responsible for helping clients drive successful enterprise transformations, enhancing client experience (CX), strengthening delivery, and ensuring consistent revenue growth in the sectors he leads. Malay joined Wipro in 1996 and has had an extensive career spanning over 28 years in various leadership roles across functions, industries, and geographies. He has a strong background in delivery, consultative sales, and client engagement. Malay holds a Bachelor’s degree in Information Technology Engineering and has graduated from Harvard Business School’s Leading Global Businesses Executive Program and Advanced Program Management from Stanford University. Malay is a member of Wipro’s Culture Council. He will be based out of Wipro’s New York City office. Announcement • Apr 03
Wipro Limited to Report Q4, 2024 Results on Apr 19, 2024 Wipro Limited announced that they will report Q4, 2024 results on Apr 19, 2024 Announcement • Mar 20
Wipro Limited Appoints Anne-Marie Rowland as Capco’s Chief Executive Officer, Effective April 1, 2024 Wipro Limited announced that Anne-Marie (“Annie”) Rowland has been appointed to the role of Capco’s Chief Executive Officer. Rowland is currently Managing Partner of Capco’s business in the United Kingdom and Ireland and a member of Capco’s Global Leadership Team. She will take on the CEO role effective April 1, 2024. As CEO of Capco, Rowland will report to Wipro CEO and Managing Director Thierry Delaporte and will become a member of Wipro’s Executive Committee (WEC). Lance Levy, who has led Capco as CEO for close to a decade, will take on a new role as Strategic Advisor and continue to support Capco’s strategic direction and Wipro’s overall Consulting strategy. Rowland joined Capco 14 years ago and has deep Consulting expertise in business change management, innovation, and transformation. Since joining Capco, Rowland has played a pivotal role in the growth of Capco’s business through a series of executive roles, having served on the Capco Global Leadership Team for several years in a number of capacities, including as Global Head of Capco’s Consulting and Transformation practice, Global Client Partner for a number of large financial institutions, Executive Sponsor of Women@Capco and most recently as the Managing Partner for Capco’s UK and Ireland business. Rowland was recognized by Consulting Magazine for the Global Women Leaders in Consulting Award in 2021. Announcement • Feb 14
Wipro Limited (BSE:507685) agreed to acquire 60% stake in Aggne Global Inc for $66 million. Wipro Limited (BSE:507685) agreed to acquire 60% stake in Aggne Global Inc for $66 million on February 13, 2024. The consideration consists of $66 million in cash. The transaction is subject to customary closing adjustments as per terms of the purchase agreement. Wipro Limited currently acquiring 60%, with an option to purchase the remaining stake over a period of time. The transaction is expected to be completed at the latest by February 14, 2024. Upcoming Dividend • Jan 17
Upcoming dividend of ₹1.00 per share at 0.2% yield Eligible shareholders must have bought the stock before 24 January 2024. Payment date: 10 February 2024. Payout ratio is a comfortable 4.7% and this is well supported by cash flows. Trailing yield: 0.2%. Lower than top quartile of Indian dividend payers (1.2%). Lower than average of industry peers (1.8%). Reported Earnings • Jan 13
Third quarter 2024 earnings: EPS exceeds analyst expectations Third quarter 2024 results: EPS: ₹5.16 (down from ₹5.57 in 3Q 2023). Revenue: ₹222.1b (down 4.4% from 3Q 2023). Net income: ₹26.9b (down 12% from 3Q 2023). Profit margin: 12% (down from 13% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.8%. Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 8.3% growth forecast for the IT industry in India. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has increased by 2% per year. Announcement • Jan 12
Wipro Limited Approves Interim Dividend, Payable on or Before February 10, 2024 The Board of Directors of Wipro Limited, at their meeting held over January 11-12, 2024, considered and approved the following: Payment of interim dividend of INR 1/- per equity share of par value INR 2/- each to the Members of the Company as on January 24, 2024, being the Record Date. The payment of Interim Dividend will be made on or before February 10, 2024. Announcement • Dec 23
Wipro Limited to Report Q3, 2024 Results on Jan 12, 2024 Wipro Limited announced that they will report Q3, 2024 results at 12:15 PM, Indian Standard Time on Jan 12, 2024 Recent Insider Transactions • Dec 20
Insider recently sold ₹2.1m worth of stock On the 12th of December, Abhishek Jain sold around 5k shares on-market at roughly ₹425 per share. This transaction amounted to 100% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of ₹96m more than they bought in the last 12 months. Announcement • Nov 29
Wipro Launches Continuous Compliance Solution Built on Amazon Security Lake Wipro Limited announced the launch of their Continuous Compliance Solution built on Amazon Security Lake in collaboration with Amazon Web Services (AWS). Amazon Security Lake automatically centralizes an organization's security data from across their AWS environments, SaaS providers, on-premises environments, and cloud sources into a purpose-built data lake. Wipro's solution is designed to equip enterprises with advanced capabilities to meet compliance requirements in a continually evolving regulatory landscape by providing ongoing visibility into compliance posture and governance of business applications from pre- to post-cloud migration. A Solution for the Modern Regulatory Environment. The dynamic nature of compliance necessitates flexibility and agility in business strategies, as well as a scalable infrastructure that enables companies to continually adjust their operations to remain in adherence. As organizations increasingly move to cloud, the importance of maintaining data compliance without sacrificing agility and innovation has never been greater. The Wipro Continuous Compliance Solution aims to reconcile these objectives by offering a unified platform where companies can manage, monitor, and maintain compliance requirements seamlessly. Built on Amazon Security Lake, the solution benefits from scalable architecture, robust security features, and ease of integration. Among the key features and benefits of the Wipro Continuous Compliance Solution are: Comprehensive Global Compliance Frameworks: Out-of-the-box support for compliance standards such as GDPR, CCPA, HIPAA, and more. Real-time Monitoring and Alerts: Continuous assessment of data and real-time alerts for any compliance-related anomalies. Automated Reporting: Simplified and automated generation of compliance reports for internal review and external audits. Cost-effective and Scalable: Leveraging AWS's pay-as-you-go model for scalable and cost-effective compliance management. Reported Earnings • Oct 20
Second quarter 2024 earnings: EPS and revenues miss analyst expectations Second quarter 2024 results: EPS: ₹5.06. Revenue: ₹225.2b (flat on 2Q 2023). Net income: ₹26.5b (flat on 2Q 2023). Profit margin: 12% (in line with 2Q 2023). Revenue missed analyst estimates by 1.4%. Earnings per share (EPS) also missed analyst estimates by 7.0%. Revenue is forecast to grow 6.2% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the IT industry in India. Announcement • Sep 22
Wipro Limited Announces Chief Financial Officer Changes Wipro Limited announced resignation of Mr. Jatin Pravinchandra Dalal as Chief Financial Officer of the Company and appointment of Ms. Aparna Iyer as Chief Financial Officer of the Company. Date of appointment /re-appointment /cessation (as applicable) & term of appointment /re-appointment: The Board of Directors has noted the resignation of Mr. Jatin Pravinchandra Dalal and he will be relieved from the services of the Company with effect from November 30, 2023. At their meeting held on September 21, 2023, the Board of Directors has approved the appointment of Ms. Aparna Iyer as the Chief Financial Officer of the Company with effect from September 22, 2023. Aparna Iyer is an accomplished and results-driven leader. Throughout her career with Wipro, she has been a dynamic, forward-thinking strategic partner to business leaders. In a career spanning 20 years, Aparna has played several leadership roles covering the breadth & depth of finance, ranging from Internal Audit, Business Finance, Financial Planning & Analytics and Corporate Treasury & Investor Relations. More recently, she was appointed as CFO of Wipro's FullStride Cloud Global Business Line, with the intent of deepening her expertise as future CFO. She has deep expertise in financial risk management, capital allocation, fund raising, driving business strategy and growth. Aparna is a qualified Chartered Accountant (CA) and was a gold medalist of the CA 2002 batch. Recent Insider Transactions • Sep 10
Insider recently sold ₹65m worth of stock On the 7th of September, Rajan Kohli sold around 150k shares on-market at roughly ₹431 per share. This transaction amounted to 42% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of ₹94m more than they bought in the last 12 months. Announcement • Aug 24
Wipro Limited Launches Digital Skills Credentialing and Verification Initiative Wipro Limited announced the launch of a digital skills credentialing and verification initiative in India. The initiative aims to engage businesses, educational institutions, and the government to create a standardized framework for credentialing and validation of skills. The initiative will make validation of credentials easier, faster, and more reliable. Built on Wipro's Lab45 DICE ID platform and powered by blockchain principles of decentralization, security, and trust, the verifiable skill credential and the associated digital ecosystem are expected to reshape the talent identification and verification landscape in India and beyond. The digital ecosystem Wipro is building on its DICE ID platform will provide a secure, trusted, and efficient way of validating certifications and educational credits, helping address the challenges surrounding skills and credential verification amidst a rapidly growing number courses and certifications offered in India. To accelerate the adoption of this ecosystem, Wipro has formed an industry working group, that includes learners, employers, academia, training providers, assessment agencies, and recruiters. This working group will accelerate adoption and help evangelize a framework of skills standardization, recognition, and validation in compliance with Indian government. So far, nearly 70 organizations have joined the DICE ID platform to become part of this initiative. Additionally, as part of the recently announced Wipro ai360 initiative, Wipro will also use the DICE ID skills credentialing platform for its own employees, starting with the company's generative AI skills training program. Announcement • Aug 22
Wipro Appoints Brijesh Singh as Senior Vice President and Global AI Head Wipro appoints Brijesh Singh to Senior Vice President and Global Artificial Intelligence (AI) Head for Wipro Enterprise Futuring. Singh brings to Wipro over 30 years of experience in the technology consulting space and was previously a Senior Partner at Deloitte where he was responsible for driving AI and data-led transformation. As the global head of AI, he will be focused on advancing Wipro's ai360 strategy, building capabilities to support and accelerate AI adoption across Wipro's entire portfolio, and delivering AI-first solutions to clients. His appointment underscores Wipro's commitment to integrating responsible AI into every platform, every tool, and every solution used internally and offered to clients. Announcement • Aug 11
Wipro Appoints NS Kannan as Independent Director Wipro Limited announced the appointment of NS Kannan as independent director to the company's board. Kannan will join six other independent directors at the Bengaluru-headquartered company, after having retired as the managing director and chief executive of insurance firm, ICICI Prudential Life Insurance Co. Kannan has previously served as an advisor to DHFL's bankruptcy case in appointment by the Reserve Bank, and was also chairman of the regulatory review committee of Life & General Insurance Councils. He was also a member of India's insurance regulator's Insurance Advisory Committee. Recent Insider Transactions • Jul 21
Insider recently sold ₹12m worth of stock On the 17th of July, Satya Easwaran sold around 29k shares on-market at roughly ₹417 per share. This transaction amounted to 100% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of ₹47m more than they bought in the last 12 months. Reported Earnings • Jul 14
First quarter 2024 earnings: EPS misses analyst expectations First quarter 2024 results: EPS: ₹5.23 (up from ₹4.69 in 1Q 2023). Revenue: ₹228.3b (up 6.0% from 1Q 2023). Net income: ₹28.7b (up 12% from 1Q 2023). Profit margin: 13% (in line with 1Q 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 6.0%. Revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 8.5% growth forecast for the IT industry in India. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 16% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jul 12
Wipro Launches Wipro ai360, Commits to Investing $1 Billion in Ai over the Next Three Years Wipro Limited announced the launch of Wipro ai360, a comprehensive, AI-first innovation ecosystem that builds on Wipro’s decade-long investments in artificial intelligence (AI) with the goal of integrating AI into every platform, every tool, and every solution used internally and offered to clients. Along with the launch of Wipro ai360, the company also committed to making a $1 billion investment in advancing AI capabilities over the next three years. Wipro ai360, fueled by this new investment, will help unleash a new era of value, productivity, and commercial opportunities through the application of AI and generative AI. With responsible AI at its core, Wipro ai360 will bring together the 30,000 Wipro experts in data analytics and AI with Wipro’s technology and advisory ecosystem from four global business lines. Capabilities across cloud and partnerships; data, analytics and AI; design and consulting; cybersecurity; as well as engineering will be leveraged to develop new solutions and embed AI into all processes and practices. Wipro’s new global business line model will enable new levels of agility, speed, and depth in delivery. Furthermore, Wipro’s innovation hub Lab45 will be a core part of the Wipro ai360 ecosystem, providing clients with the talent, training, scale, as well as the research and co-innovation capabilities needed to accelerate AI adoption. The $1 billion investment will help further advance Wipro’s AI, data and analytics capabilities and foundation, R&D and platforms, enhance FullStride Cloud, and build new consulting capabilities to help clients adapt to change and unlock new value through AI. Announcement • Jul 06
Wipro Limited to Report Q1, 2024 Results on Jul 13, 2023 Wipro Limited announced that they will report Q1, 2024 results at 12:15 PM, Indian Standard Time on Jul 13, 2023 Announcement • Jun 18
Wipro Limited, Annual General Meeting, Jul 12, 2023 Wipro Limited, Annual General Meeting, Jul 12, 2023, at 09:30 Indian Standard Time. Agenda: To receive, consider and adopt the Audited Financial Statements of the Company (including consolidated financial statements) for the financial year ended March 31, 2023, together with the Reports of the Board of Directors and Auditors thereon; to confirm the interim dividend of H 1 per equity share declared by the Board on January 13, 2023, as the final dividend for the financial year 2022-23; and to consider appointment of a Director in place of Mr. Thierry Delaporte who retires by rotation and being eligible, offers himself for re-appointment. Recent Insider Transactions • Jun 17
Insider recently sold ₹10m worth of stock On the 13th of June, Arushi Bohra sold around 26k shares on-market at roughly ₹395 per share. This transaction amounted to 100% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of ₹35m more than they bought in the last 12 months. Reported Earnings • May 27
Full year 2023 earnings: EPS misses analyst expectations Full year 2023 results: EPS: ₹20.72 (down from ₹22.35 in FY 2022). Revenue: ₹904.9b (up 14% from FY 2022). Net income: ₹113.5b (down 7.1% from FY 2022). Profit margin: 13% (down from 15% in FY 2022). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.2%. Revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 8.6% growth forecast for the IT industry in India. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 24% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 05
Wipro Appoints Soeren Lorenzen as Chief Growth Officer, APMEA Wipro Limited announced the appointment of Soeren Lorenzen as the Chief Growth Officer of its Asia Pacific, Middle East and Africa (APMEA) strategic market unit. Soeren will lead APMEA’s sales, marketing, and partnerships teams. He will also work closely with Wipro’s Growth Office, bringing together the best of the company’s integrated capabilities and global scale to customers in the region. Soeren comes to Wipro with over two decades of expertise in strategic account management, large deals pursuits, and sales excellence. Previously, he held a series of progressively higher positions in companies such as Hewlett Packard (HP), Injazat and Nilfisk. At HP, Soeren achieved the firm’s highest accreditation for Account General Managers responsible for driving growth in corporate accounts. Soeren graduated from Copenhagen Business School with a Master in Business Administration and Marketing Economics. He will be based out of Dubai. Reported Earnings • Apr 28
Full year 2023 earnings: EPS misses analyst expectations Full year 2023 results: EPS: ₹20.73 (down from ₹22.35 in FY 2022). Revenue: ₹927.5b (up 17% from FY 2022). Net income: ₹113.5b (down 7.1% from FY 2022). Profit margin: 12% (down from 15% in FY 2022). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.2%. Revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 8.9% growth forecast for the IT industry in India. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 26% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Feb 17
Wipro Limited Appoints Tulsi Naidu as Independent Director and Member of the Nomination & Remuneration Committee, with Effect from April 1, 2023 The Board of Directors of Wipro Limited have approved the appointment of Ms. Tulsi Naidu, Independent Director, as a member of the Nomination & Remuneration Committee (which also acts as Corporate Social Responsibility Committee), with effect from April 1, 2023. The details of the re-constituted committee are given below: Ms. Ireena Vittal, Chairperson, Mr. Patrick Dupuis, Member, Mr. Deepak M. Satwalekar, Member and Ms. Tulsi Naidu, Member (Effective April 1, 2023). 
