Wipro shares nosedived over 9 pc after missed earnings expectations
Shares of IT major Wipro nosedived on Monday by nearly 9.3 per cent over missed expectations in its April-June quarter results and a weak guidance for the next quarter.
Shares of IT major Wipro nosedived on Monday by nearly 9.3 per cent over missed expectations in its April-June quarter results and a weak guidance for the next quarter.
IT major Wipro on Thursday announced it has secured a $500 million deal from a leading US communication service provider over a period of five years.
The company announcing the partnership on Tuesday informed that the collaboration will develop new technologies for prevention and management of long-term health disorders and to provide precision support for these diseases.
These assistants, named Wipro GenAI Investor Intelligence, Wipro GenAI Investor Onboarding, and Wipro GenAI Loan Origination, aim to revolutionise how financial professionals operate, the IT major said.
The solution aims to improve the worker experience by providing highly available, modular, secure, and automated services, the company said.
With consistent growth in cloud business, the company employs about 79,000 techies to provide a range of cloud services to Telefonica Germany, O2, Verifone and Metro AG in Europe.
This includes accelerating growth by prioritising the sectors and markets the company operates in, strengthening clients and partnerships by investing in good talent, and leading with business solutions that enhance its portfolio.
In his new role, as Chief Information Officer, Purohit will report to Sanjeev Singh, Chief Operations Officer.
The 75-year-old firm, which has been present in the United Kingdom (UK) over the last 25 years, employs 4,000 techies.
Company’s revenue from operations rose by 3.4 per cent to Rs 16,245.4 crore in the reported quarter, from Rs 15,711 crore in the same period last fiscal.
