
Wipro Q1 profit up 12% to ₹2,870 cr; revenue surges 6%
Wipro revenue reaches ₹22,830 crore in Q1 FY24; voluntary attrition moderates to an 8-quarter low of 14%
Wipro revenue reaches ₹22,830 crore in Q1 FY24; voluntary attrition moderates to an 8-quarter low of 14%
Wipro to train 2.5 lakh employees on AI, its responsible use; ai360 to integrate AI into "every platform, every tool, and every solution”
As net profit for FY23 was negative, Wipro determined that no commission was payable to Rishad Premji
Wipro says it expects revenue from its IT services business for the full year to be in the range of 11.5% to 12%.
The domestic IT industry, which rode on the pandemic-led digitisation, is bracing for a slowdown as the U.S. and Europe stare at recession. Will this crisis lead to new opportunities?
Wipro CEO Thierry Delaporte says the technology companies that have been growing tremendously are slowing down
Even in a cycle where there’s a bit less optimism macro-economically, companies continue to invest in technology, said CEO and MD Thierry Delaporte.
This makes him the highest-paid executive in India's IT sector; for the 9-month period of FY21, Delaporte’s compensation was ₹64.3 cr.
"We continue to close large, transformational deals and see rapid expansion in small and mid-sized deals as well," says CEO & managing director Thierry Delaporte.
The IT major is looking to ramp up its cloud services portfolio with an investment of $1 billion over the next three years.