Workflow
Wipro(WIT)
icon
Search documents
Wipro (WIT) Gets 6.7% Boost From New AI-Powered Model
Yahoo Finance· 2026-02-03 06:13
Core Viewpoint - Wipro Ltd. has launched a new AI-powered operating model, Wipro Intelligence, which has positively impacted its stock performance, leading to a 6.75% increase in share price on a recent trading day [1][8]. Group 1: New Product Launch - Wipro Intelligence combines advisory, AI, and enterprise transformation services, aiming to provide end-to-end accountability across various functional areas including people and change, supply chain and operations, finance transformation, and customer experience [2]. - The new model addresses the challenges enterprises face in modernizing operations and aims to streamline the consulting-to-execution journey, which has been described as fragmented and slow [3]. Group 2: Strategic Approach - Wipro's strategy integrates functional consulting expertise with business process services, offering a persona-based, end-to-end enterprise transformation strategy that is contextually anchored [4]. - This holistic approach is designed to help clients achieve measurable value more quickly and realize significant impacts from their AI initiatives [4]. Group 3: Company Overview - Wipro Ltd. is one of the largest technology service providers in India, operating in 65 countries and supporting a diverse range of businesses [5].
Wipro and Factory Partner to Accelerate Agent-Native Software Development For Enterprises Globally
Businesswire· 2026-01-28 13:01
Core Insights - Wipro Limited has formed a strategic partnership with Factory to operationalize agent-native development in engineering organizations, enhancing software development efficiency and quality [1][3] - Wipro Ventures has participated in Factory's recent funding round, reinforcing its commitment to investing in innovative AI platforms [1][4] Group 1: Partnership and Integration - The partnership aims to integrate Factory's capabilities into Wipro's WEGA agent-native delivery platform, enhancing Wipro Intelligence™ and accelerating the creation of production-ready code [3] - Factory's technology allows engineering teams to delegate significant portions of software development to AI agents, improving efficiency and maintaining engineering standards [2][3] Group 2: Market Impact and Client Focus - Wipro plans to roll out Factory's solutions across tens of thousands of engineers, targeting key sectors such as banking, healthcare, manufacturing, retail, and technology [3] - The collaboration is expected to help clients modernize faster and innovate while ensuring quality and security in software development [4] Group 3: Company Backgrounds - Wipro Limited is a leading AI-powered technology services and consulting company with over 230,000 employees across 65 countries, focused on digital transformation [5] - Factory, founded in 2023, specializes in agent-native development and is backed by notable investors including Wipro Ventures and Sequoia Capital [7][6]
Wipro shares in focus as stock turns ex-date for Rs 6 interim dividend
The Economic Times· 2026-01-27 03:13
Core Viewpoint - Wipro Limited has announced an interim dividend of Rs 6 per equity share, representing a 300% payout on the face value of Rs 2, with payment expected by February 14, 2026 [3][7]. Dividend Announcement - The Board of Directors of Wipro approved the interim dividend during their meeting on January 15-16, 2026, applicable to shareholders on the record date of January 27, 2026 [3][7]. - This marks the continuation of Wipro's dividend distribution history, with a total of 37 dividends declared since May 2000 [4][7]. Recent Dividend History - In the past 12 months, Wipro has issued equity dividends totaling Rs 17 per share [4]. - The current dividend yield for Wipro stands at 7.13%, based on a share price of Rs 238.40 [5]. Stock Performance - On the last trading day, Wipro's shares closed 1% lower at Rs 238.35 on the BSE [6].
DraftKings, Abbott, And Applovin Are Among Top 10 Large Cap Losers Last Week (Jan. 19-Jan. 23): Are the Others in Your Portfolio? - Abbott Laboratories (NYSE:ABT), AppLovin (NASDAQ:APP), AeroVironment
Benzinga· 2026-01-25 13:02
Performance Summary - AeroVironment, Inc. (NASDAQ:AVAV) decreased by 19.45% due to a stop work order from the US government on the SCAR program [1] - DraftKings Inc. (NASDAQ:DKNG) fell by 14.4% after a judge allowed Massachusetts to block Kalshi from offering sports-related contracts [2] - Constellation Energy Corporation (NASDAQ:CEG) decreased by 10.38% with Wells Fargo analyst lowering the price forecast from $478 to $460 while maintaining an Overweight rating [3] - Applovin Corporation (NASDAQ:APP) fell by 14.68% following concerns raised in a CapitalWatch report [3] - Abbott Laboratories (NYSE:ABT) slumped by 12.23% after reporting worse-than-expected fourth-quarter sales and issuing first-quarter adjusted EPS guidance below estimates [4] - Flutter Entertainment plc (NYSE:FLUT) fell by 13.07% with multiple analysts lowering their price forecast [4] - Shopify Inc. (NASDAQ:SHOP) decreased by 13.51% [4] - Talen Energy Corporation (NASDAQ:TLN) slumped by 6.05% while Wells Fargo analyst raised the price forecast from $445 to $506, maintaining an Overweight rating [5]
Morgan Stanley Lowers Wipro Limited (WIT) Target, Cites Sluggish Exit Rate
Yahoo Finance· 2026-01-24 10:48
Core Viewpoint - Wipro Limited (NYSE:WIT) has been downgraded by Morgan Stanley due to concerns over its growth trajectory, with a revised price target of INR242 from INR270, indicating a need for significant improvement in quarterly growth rates to enhance performance [1] Group 1: Financial Performance - Wipro Limited reported a 1.4% sequential growth in IT services revenue, reaching $2.64 billion in its third-quarter FY25 results, alongside improved operating margins of 17.6%, highlighting efficiency and cost management [3] - Morgan Stanley has lowered its organic revenue growth estimates for Wipro Limited by 2.4%, adjusting the forecast from 4.2% YoY to 1.8% YoY in constant currency terms for FY27, based on a gradual ramp-up of contracts over the next two quarters [2] Group 2: Company Overview - Wipro Limited is an Indian IT, consulting, and business process services company, founded in 1945, operating through two segments: IT Services and IT Products [4]
Wipro CEO sees growing demand for India's IT services from AI
Reuters· 2026-01-20 22:23
Core Insights - The article highlights the increasing role of artificial intelligence in driving technology deals among Indian software services providers as they transition from AI test deployments to larger projects [1] Group 1: Industry Trends - Indian software services companies are actively competing for technology deals that are increasingly centered around artificial intelligence [1] - The shift from pilot projects to substantial AI implementations indicates a growing confidence in AI technologies among businesses [1] Group 2: Company Perspectives - Wipro's CEO, Srini Pallia, emphasizes the importance of AI in the company's strategy and its potential to unlock new business opportunities [1]
Wipro Stock: Consider Above-Consensus Earnings And Muted Prospects (NYSE:WIT)
Seeking Alpha· 2026-01-20 04:49
Core Insights - The article emphasizes the focus on value investing in Asia, particularly in Hong Kong, targeting stocks with significant discrepancies between market price and intrinsic value, including deep value balance sheet bargains and wide moat stocks [1] Group 1: Investment Strategy - The research service aims to identify Asia-listed stocks that are undervalued, specifically looking for deep value balance sheet bargains such as net cash stocks and low price-to-book (P/B) ratio stocks [1] - The service also focuses on wide moat stocks, which are high-quality businesses with strong competitive advantages, providing potential for earnings growth at a discount [1] Group 2: Market Expertise - The analyst has over a decade of experience in the Asian equity market, both on the buy and sell sides, indicating a strong understanding of market dynamics and investment opportunities [1] - The investment group provides monthly updates and watch lists, showcasing a commitment to ongoing research and analysis in the Asian market [1]
Wipro: Consider Above-Consensus Earnings And Muted Prospects
Seeking Alpha· 2026-01-20 04:49
Core Insights - The article emphasizes the focus on value investing in Asia, particularly targeting stocks with significant discrepancies between market price and intrinsic value, including deep value balance sheet bargains and wide moat stocks [1] Group 1: Investment Strategy - The research service aims to identify Asia-listed stocks that are undervalued, specifically looking for deep value balance sheet bargains such as net cash stocks and low price-to-book (P/B) ratio stocks [1] - The service also targets wide moat stocks, which are characterized by strong competitive advantages and the ability to generate earnings power at a discount [1] Group 2: Market Focus - The primary focus is on the Hong Kong market, where the analyst has over a decade of experience in both buy and sell-side roles [1] - The investment group provides monthly updates and watch lists to assist value investors in identifying potential investment opportunities [1]
Quote of the Day by ex Wipro CEO Azim Premji: 'If people are not laughing at your goals, your goals are too small'
The Economic Times· 2026-01-19 04:55
Company Overview - Azim Premji transformed Wipro Limited from a $2 million cooking oil company into a global IT, BPO, and R&D services organization generating over $10 billion in revenue with a presence in 66 countries [1][10] - The pivotal shift in Wipro's focus towards computer hardware and software in 1977 allowed the company to carve a niche in custom software solutions, particularly for the US market [1][10] - By the late 1990s, Wipro's value significantly increased, establishing Premji as one of the wealthiest entrepreneurs globally [1][10] Philanthropic Efforts - Azim Premji founded the Azim Premji Foundation, which focuses on enhancing primary education in rural India [2][10] - In May 2025, the foundation committed $265 million over three years to support underprivileged girls in completing their college education [2][10] - Premji's philanthropic contributions earned him the Padma Bhushan, India's third-highest civilian award, in 2005 [2][10] Leadership and Vision - Premji's leadership style emphasizes ambition and the importance of setting transformative goals that may seem unrealistic to others [5][6][8] - He advocates for self-belief and commitment to one's goals despite external skepticism, highlighting that progress is driven by those who envision outcomes beyond conventional thinking [7][8][10] - Premji's journey as an entrepreneur and philanthropist reflects the impact of bold goals, which can disrupt the status quo and demand innovation and persistence [8][10]
Wipro Limited (WIT) Q3 2026 Press Conference Call Transcript
Seeking Alpha· 2026-01-16 19:55
Group 1 - The article does not provide any specific content related to company or industry analysis [1]