APARNA IYER
IT companies log strong revenue growth outside key North America market
Top IT services firms experience revenue growth in Europe, MEA, and APAC, outpacing North America. US clients are cautious about spending due to inflation. India and MEA witness investments in technology, driving demand for innovative solutions.
Gender diversity still a long way away among CFOs as women still remain underrepresented
Despite gender diversity efforts in India, women are underrepresented in CFO roles. Challenges include bias, retention issues, and supply-side constraints. Companies struggle to retain high-potential women, impacting women's rise to top finance roles.
Companies need to hire more women at entry level, retain them through their tougher years: Wipro CFO Aparna Iyer
"The percentage of women (in leadership) in organisations is fewer, but it is representative of the fact that the overall percentage of women in the workforce is low. It is crucial that companies have more women at the entry level and then they are able to nurture and retain them through the tougher years."
Wipro became IT's CXO nursery under Thierry Delaporte
During Delaporte's four years at Wipro, four Wipro former executives went on to become CEOs outside the company, while three became CFOs even as other senior leaders joined smaller and larger firms in top CXO roles.
Wipro shares rose 116% under Thierry Delaporte's tenure. All eyes now on insider CEO
Wipro's market cap soared by Rs 1.36 lakh crore in 4 years under Thierry Delaporte, elevating shares by 116%. Srinivas Pallia succeeded him as CEO. Aparna Iyer was named CFO, maintaining internal leadership transition.
Who is Srini Pallia, Wipro's new CEO and MD?
Pallia succeeds Thierry Delaporte, who is stepping down to "pursue passions outside the workplace", the company said in a statement.
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Cos talk up diversity but boards stay stubbornly male with needle barely moving in 6 yrs: Survey
Data from Deloitte Global Boardroom Program's Women in the Boardroom report, shared exclusively with ET, show that only 5.1% of the CEOs in the 400 listed companies on the MSCI index analysed are women - with the needle hardly moving from 3.4% in 2018. Data shows about 4.1% of board chairs are women compared with 4.5% in 2018.
Women still lonely at the top in Indian boardrooms
The situation is worse in the case of the Indian IT industry, with none of the 54 companies in the NSE-1000 index having a female CEO. Market leader TCS, which employs more than 200,000 women (constituting over a third of its workforce), has no women in its key managerial personnel (KMPs), as per its annual report. In fact, among the top 5 IT companies, only Wipro has a woman in a KMP role - it appointed Aparna Iyer as CFO in September last year.
Gender diversity still a long way away among CFOs, reveals survey
Numbers have improved in 2024 so far, but data from 2,257 NSE cos show only 45 women in director-finance roles. Experts said a push is coming from board members to improve gender diversity (which is a key element in the ESG scores of companies) at the top deck.
RBI bars Paytm’s services; Wipro to cut hundreds of jobs
In a big blow for the Vijay Shekhar Sharma founded fintech, the Reserve Bank of India has barred Paytm Payments Bank from offering all banking services after February 29. This and more in today’s ETtech Top 5.
Exclusive: Wipro to lay off hundreds of mid-level employees to improve margins
Wipro is cutting mid-level roles to improve margins. It bought Capco for $1.45 billion, Delaporte's biggest bet. Job cuts are part of the 'Left-Shift' strategy. Wipro underperforms and faces conflicting goals.
India Inc is on the hunt for more and more women executives as it pushes for better ESG standards
Large Indian companies and multinationals are actively seeking senior women professionals for top management roles, driven by a focus on ESG standards and the desire to improve diversity at the CXO level. Investors are also increasingly interested in companies that prioritize gender diversity. Several executive search firms have reported mandates to exclusively look for female candidates for CFO, COO, CHRO, CMO, CTO, CLO, and CEO positions.
Wipro Management on Q3 earnings, company outlook and more
We are seeing green shoots again based on the performance in bookings of our consulting, in particular in Capco in quarter three visible improvement but possibly a slight positive sign that leads us to be more positive about the revenue trajectory.
Top four IT firms report 50,000 fall in headcount over last year
Over the year, the headcount at India’s largest software services firm, TCS, dropped by 10,669. Infosys reported a 24,182 reduction, while Wipro posted a 18,510 fall. At HCLTech, the number increased by 2,486
Wipro ADRs jump 16% after Q3 results meet expectations
The spillover of positive sentiments around Indian IT stocks, after decent third-quarter results by peers Infosys and TCS, is likely reflected in the sharp surge of ADRs of Wipro.
Wipro Q3 Results: Operating margin beat, deal wins among 5 key takeaways from earnings card
The IT major has guided for -1.5% to 1% sequential growth in its IT services business revenue. This translates to a revenue of $2.62-$2.67 billion in the March quarter in constant currency terms. Most analysts had expected Wipro to give -1% to +1% growth in constant currency revenue.
Wipro Q3 Results: Consolidated PAT drops 12% YoY to Rs 2,694 crore; Re 1/share interim dividend announced
Wipro Q3 Results: Wipro reported disappointing Q3 results, with a decline in net profit and revenue. The company's consolidated net profit decreased by nearly 12% YoY to Rs 2,694 crore, while the consolidated revenue dropped 4.4% to Rs 22,205 crore. The board recommended an interim dividend of Re 1 per share. For the nine months ended December, Wipro's consolidated revenue rose by only 0.4% to Rs 67,552 crore, while the net profit declined by nearly 1% to Rs 8,211 crore. Wipro expects revenue from its IT Services business to be in the range of $2.62 billion to $2.67 billion for the quarter ending March.
Wipro management confident of resilient Q3 and expansion when the market eases
Wipro CEO Thierry Delaporte discussed the company's Q2 performance and the challenges posed by a slowing market and reduced discretionary spending. He emphasized that there have been no client cancellations or one-off events, but rather a decrease in discretionary spending. Delaporte also noted that the consulting business has been impacted by the slower market. The company's CFO, Aparna Iyer, mentioned that Q3 will be a challenging quarter due to seasonality and wage hikes. However, Wipro remains positive about their strong deal wins and pipeline
Wipro slides 3% after CFO Dalal resigns in latest high-profile exit
The company said on Thursday Dalal was resigning to pursue other opportunities after more than two decades with the company, and will be replaced by Aparna Iyer, also a 20-year veteran who was most recently senior vice president and CFO of Wipro's cloud services unit.
Govt’s big leg-up for Startup Inc; Antler India closes Rs 500 crore maiden fund
The government is revving up in a big way to achieve India’s startup ambitions. A detailed plan is in the works to energise the ecosystem and remove all impediments to investment in the sector, we’re told. This and more in today’s ETtech Morning Dispatch.
Wipro CFO Jatin Dalal resigns, Aparna Iyer named new finance chief
Aparna Iyer has served more than 20 years in the company. She will replace Dalal, effective September 22, Wipro said in a regulatory filing.
After 'Lust Stories 2', Konkona Sen Sharma says she's not a 'career director'
Konkona Sen Sharma, who recently gained critical acclaim for her segment 'The Mirror' in 'Lust Stories 2', says that she's not a "career director" as she does not always feels the need to direct. Having acted in various languages and genres, Sharma does not want to direct just for the sake of it, and prefers to wait until she finds a subject that excites her.
‘The Kid’, ‘Happy Together’, ‘The Idiots’: Konkona Sen Sharma curates 7 classics for MUBI
The actress is known for her varied roles, including 'Mr and Mrs Iyer', 'Lipstick Under My Burkha', 'Omkara' and 'Wake Up Sid'. She also earned plaudits as a director with 'A Death in the Gunj' and 'The Mirror' from Netflix's 'Lust Stories'.
Konkona Sen Sharma turns 43: Here's a look at her best roles
Konkona Sen Sharma is still popular for essaying the role of a Tamil Brahmin girl in Mr. and Mrs. Iyer. Her mother, Aparna Sen, directed this English-language movie where Rahul Bose also played a crucial role. This film won her the National Award for Best Actress.
Rahul Bose knew he didn't want to marry since he was 18, says he only believes in 'beautiful relationships'
Bose said that he has remarkable clarity when it comes to getting married.
Aparna Sen-directorial 'The Rapist' will have the world premiere at 26th Busan International Film Festival
The film-maker said that the movie was nominated for the prestigious Kim Joseok Award.
From workplace to yoga classes, Zoom has changed the way people connect: Aparna Bawa, COO
At the end of Dec 2019, we had 10 million daily meeting participants. By the end of April, we announced that we had reached 300 million daily meeting participants... But I am not sure that anything about this pandemic is perfectly planned.. We used it as an opportunity to see how we can scale our business, says Aparna Bawa.
Abhishek Bachchan all set to make digital debut on Amazon, 'Breathe: Into The Shadows' to release on July 10
Amazon Prime Video's latest series is psychological crime thriller.
Buy Hexaware Technologies, target Rs 242.0 : Nirmal Bang Securities
Buy Hexaware Technologies Ltd. at a price target of Rs 242.0 and a stop loss at Rs 228.0 from entry point
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