Under the 10-year deal, Wipro will provide a comprehensive suite of solutions and services to the Illinois-based Alight Solutions that provides technology-enabled health, wealth, HR and finance solutions.
The company reported a net profit of Rs 2,093 crore while consolidated revenues stood at Rs 14,827 crore, registering a sequential growth of 3.6 per cent. The company’s flagship IT services revenues stood at Rs 13,700 crore.
Wipro’s focus will be to modernise Alight’s core technology assets and further automate its operations to enhance the user experience of Alight’s end customers, it said.
Anand Padmanabhan, president of the energy, natural resources, utilities & construction (ENU) vertical, is now being moved into a new role as president – business development and strategic sales. Padmanabhan has been part of the ENU vertical since April, 2008.
On the BSE, its stock settled for the day at Rs 320.80, down 2.33 per cent from the previous close
For the December quarter the company’s consolidated net profit fell 8.4 per cent to Rs 1,931.3 crore. The company’s net profit (attributable to shareholders) stood at Rs 2,109.6 crore in the year-ago period, as per Indian accounting norms (Ind AS).
The company’s net profit (attributable to shareholders) stood at Rs 2,109.6 crore in the year-ago period, as per Indian accounting norms (Ind AS).
According to Wipro, the ERP project was undertaken by National Grid US and there were multiple vendors associated with it.
In dollar terms, Wipro’s IT services revenue for the second quarter came in at $2.01 billion while the net profit was $336 million. The Wipro scrip ended Tuesday’s trading session at Rs 289.35, almost flat on the BSE.
“With Cooper, we will now be the pre-eminent firm for world-class UX (User Experience) and interaction design,” Wipro Digital Global Head and Senior Vice President Rajan Kohli said.
Brett Smith, who passed the scene in a taxi before the emergency services arrived and stopped to help the little girl, said: “A family has been destroyed. I held a little girl by her arms, trapped inside a vehicle, for a good hour or so with the emergency services and the fire service trying to help.
The $150 billion plus Indian IT industry faced with the prospect of a single digit growth rate in the range of 7-8 per cent for FY18.
India’s third largest IT firm Wipro today posted a 1.2 per cent rise in its consolidated net profit at Rs 2,076.7 crore for the April-June quarter.
The company had reported net sales of Rs 55,420.9 crore in the fiscal ended March 31, 2017.
Premji along with his family own about 73.25 per cent shares in the company.