|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||287.25 - 292.45|
|52 Week Range||204.05 - 303.40|
|PE Ratio (TTM)||16.57|
|Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Wipro Ltd (WIPR.NS), India's third-largest software services exporter, said on Wednesday that more than half its workforce in the United States consists of locals after it hired more than 1,600 people in the last six months. The statement comes as U.S. President Donald Trump has asked federal agencies to review a visa program that Indian IT firms such as Wipro use to fly engineers to the United States to service clients. Wipro rival Infosys Ltd (INFY.NS) last month said it planned to hire 10,000 U.S. workers in the next two years and open four technology centers in the United States.
A leading lobby group for India's IT industry on Thursday forecast the sector's export revenues to grow at 7-8 percent for the year to March, around the growth levels seen last year, as the industry faces continued headwinds from the U.S. market. The more-than-$150 billion industry saw exports rising 7.6 percent last year, according to a statement from The National Association of Software and Services Companies (NASSCOM). Revenue for the domestic market is projected to grow at 10-11 percent in 2017/18, NASSCOM added.
Shareholders of Indian IT company Wipro Limited (ADR) (NYSE: WIT ) went on quite a ride Monday on what appears to be confusion over an upcoming dividend payment. Shares plummeted 50 percent in early trading ...
The clarification from India's third-largest software services company came after its U.S.-listed shares slumped nearly 49 percent to $5.35 in premarket trading. "The company felt that it was important to clarify to the market that the payable date and ex-dividend date for its ADR bonus issue, or stock dividend, are yet to be determined," Wipro said. Wipro, in May, told its investors that the board has fixed June 14 as the record date to determine eligible shareholders entitled to receive bonus share equity for its Indian-listed shares.
This past week I attended Hewlett Packard Enterprise ‘s Discover 2017 in Las Vegas with fellow Moor Insights & Strategy analysts Mike Krell (IIoT) and Rhett Dillingham (cloud software/services). Did HPE bring their A-game or just drive more questions?
What was at first only expressed by experts and analysts has finally come from the horse’s mouth: Donald Trump is bad for business, according to Indian IT firm Wipro. In its annual filing with the Securities and Exchange Commission (SEC), the American capital markets regulator, Wipro specified that the US president’s protectionist and anti-immigration policies…
MUMBAI/BENGALURU, April 25 (Reuters) - Wipro Ltd, India's third-biggest software services exporter, said cancellations of healthcare projects and weak retail spending in its key U.S. market would hit revenue growth. Headquartered in the south Indian technology hub of Bengaluru, Wipro said on Tuesday that its consolidated net profit grew 0.4 percent to 22.67 billion rupees ($353 million) in its fiscal fourth quarter to March. "We have had certain project cancellations in our healthcare business which will have an impact in Q1," Wipro Chief Executive Abidali Z. Neemuchwala told reporters, adding that the weaker forecast was also due, in part, to retail clients holding back on spending.
It’s hard to overstate the importance of the technology industry to India. Over the past three decades, the IT sector has helped drive the country’s economic growth, employed millions and made billionaires ...
Technology services company shares dipped on Monday after the Trump administration announced it would temporarily suspend expedited applications for H-1B visas widely used by foreign tech workers. U.S. shares of Indian IT company Infosys Ltd fell 1.2 percent and Wipro Ltd edged down 0.2 percent after the U.S. Citizenship and Immigration Services (USCIS) said on Friday that it would suspend "premium processing" of the visas for up to six months. Following President Donald Trump's election in November, Infosys and Wipro sold off due to concerns he would keep promises to crack down on immigrants who he said were taking jobs from U.S. citizens.
Indian outsources likely to feel the brunt of changes in the H1-B visa program, if any changes are ever implemented.
The 700+ hedge funds and money managers tracked by Insider Monkey have already compiled and submitted their 13F filings for the third quarter, which unveil their equity positions as of September 30. We went through these filings and identified the changes in hedge fund positions. Our extensive review of these public filings is finally over, […]
The SEC requires hedge funds and wealthy investors with over a certain portfolio size to file a report that shows their positions at the end of every quarter. Even though it isn’t the intention, these filings level the playing field for ordinary investors. The latest round of 13F filings discloses the funds’ positions on September […]
The worries about the election and the ongoing uncertainty about the path of interest-rate increases have been keeping investors on the sidelines. Of course, most hedge funds and other asset managers have been underperforming main stock market indices since the middle of 2015. Interestingly though, smaller-cap stocks registered their best performance relative to the large-capitalization […]