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Wipro picks minority stake in SDVerse with nearly $6-million investment
Wipro, along with GM and Magna, have teamed up to develop a B2B sales platform for buying and selling automotive software. Prashant Gulati has been named CEO of SDVerse effective March 5, 2024.
Wipro acquires US insurtech firm Aggne Global for $66 million
Wipro will acquire 60% of the company in an all-cash deal, with an option to purchase the remaining stake over a period of time, as per a stock exchange filing. Revenues of the Aggne Group are $4.5 million for calendar year 2021, $9.1 million for 2022, and $17.9 million 2023.
Acquisitions in underpenetrated spots, not looking at small targets: Wipro CFO Jatin Dalal
The Bengaluru-based firm has been aggressively pursuing its inorganic strategy, with chief executive and managing director Thierry Delaporte undertaking 12 acquisitions since he took over in July 2020.
Wipro Q4 Preview: Profit rise seen as flattish; June revenue growth guidance likely at 2-4%
Domestic brokerage Kotak Institutional Equities (KIE) said Wipro is likely to post Q4FY22 revenue at Rs 21,001.3 crore, up 28.6 per cent year-on-year (YoY), powered by continued strength in discretionary spending and success in the mining of large accounts.
Wipro to acquire SAP Consulting firm Rizing for $540 million
Rizing’s industry expertise and SAP consulting capabilities in enterprise asset management, consumer industries, and human experience management, will be "instrumental" in advancing Wipro’s position as an advisor for clients’ most complex SAP transformations, it said in a statement.
Wipro acquires consulting firm Convergence for $80 million
The deal is for acquiring 100% shares in the company for a cash consideration of $50 million and contingent consideration of $30 million to be payable over three years.
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Wipro Q3 results: Standalone PAT falls 9% YoY to Rs 2,420 cr; revenue up 21%
Its revenue from operations increased 21.29 per cent year-on-year (YoY) to Rs 15,278 crore from Rs 12,596 crore in the same quarter last year. This is lower than analysts' expectation of around 30 per cent growth in revenues.
Bargain hunting drives Sensex higher but analysts say bulls not yet out of the woods
"Domestic indices staged a gap-up opening on bargain hunting supported by positive sentiments across global markets. Although concerns surrounding the impact of Omicron & FII selling still linger and investors are treading cautiously," said Vinod Nair, Head Of Research at Geojit Financial Services.
Wipro climbs 2% on acquiring cybersecurity firm Edgile for $230 mn
According to Wipro, Edgile's "strategy-first" approach and "Quick Start" solutions will allow the combined entity to deliver enhanced value in strategic cybersecurity services.
Stocks in the news: MapmyIndia, Tech Mahindra, Escorts, Adani Enterprises and telcos
Shares of CE Info Systems, also known as MapmyIndia, will be listed on Tuesday. The Rs 1,040 crore IPO was open between December 9-13.
Tokensation rule will cause 'havoc'; linking Aadhaar to voter ID is 'dangerous'
India's technology firms are rushing to petition the Reserve Bank of India to delay the implementation of its tokenisation mandate.
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