Wipro share surges after partnership with Nvidia
The collaboration to enable Wipro develop custom models for speech and translation, as well as other large language models
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November 2023
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July 2023
IT Firms: Mind The Bend
Demand slowdown has forced the big boys of Indian IT to cut their growth outlook for FY24. As macro uncertainty looms large, companies are shifting focus to controlling costs to protect profitability.
Wipro Q2 profit flat at ₹2,667.3 cr; revenue dips 0.10%
The IT major expects its IT services revenue growth in the December quarter at -3.5% to -1.5%.
Infosys ADR plummets over 6% on weak guidance; stock falls 4%
Post Q2 results, the U.S.-listed shares of Infosys plunged 6.5% to $16.46 in overnight trade on NYSE after the IT heavyweight cut revenue guidance for the second in a row.
Gen AI: Firms Race to Make IT Mainstream
As ChatGPT captures the imagination of the world, the focus is now on Generative AI, with IT services companies queuing up to crack the code.
Wipro shares skid 3% after Jatin Dalal resigns as CFO
Wipro has appointed Aparna C Iyer as the chief financial officer with effect from September 22, 2023.
Nadar, Premji, Infy Co-founders Richest in IT
The richest billionaire from the sector is Shiv Nadar of HCL Tech, followed by Wipro’s Azim Premji.
Should you buy, sell or hold Wipro shares post Q1 results?
Brokerages have turned bearish on the stock after the IT heavyweight reported lower than expected earning in the June quarter.
After Infosys’ Topaz, Wipro launches AI platform ai360; plans $1 bn investment
Wipro to train 2.5 lakh employees on AI, its responsible use; ai360 to integrate AI into "every platform, every tool, and every solution”
TCS, HCL Tech shares trade flat ahead of Q1 results; here’s what to expect from IT majors
The IT heavyweights are expected to report weak earnings in June quarter with flattish sequential growth in CC terms due to soft demand outlook with limited large deal ramp ups.
