Wipro announced a partnership with Netskope, a Secure Access Service Edge (SASE) leader, to provide global enterprises with an integrated service that optimizes and improves cybersecurity outcomes for people, processes, and technology investments. Wipro's CyberTransformSM Optimization Service, powered by Netskope, analyzes organizations' current cybersecurity and infrastructure investments, provides consolidation guidelines, and delivers cost-optimized methods resulting in improved business performance. Wipro's CyberTransformSM Optimization Service, powered by Netskope, leverages Wipro's proprietary Automated Regulatory Compliance (ArC), a content service that monitors industry-specific national and international regulatory amendments, and Netskope's Valueskope platform, a SaaS-based offering providing detailed financial analyses and tailored business cases.Powered by Capital Market - Live

Wipro has today announced the extension of its work with Marelli, a global leader in automotive solutions, for an additional four years. As part of this engagement, Wipro FullStride Cloud will migrate Marelli's Milan Data Centre and all their local server rooms to the Cloud to centralize their operations and provide a more agile and stable ecosystem. This transition to a more flexible and advanced cloud environment will empower Marelli to respond quickly to market changes, enable continuous innovation across their business, and strengthen their competitive edge. Ultimately, the project will help reduce the time-to-market for Marelli's products and services, creating long-term value for all stakeholders, continuing to advance Marelli's journey towards modernization and growth. The project will also enhance employee support services with AI-powered virtual assistants, providing vulnerability management services, and offer comprehensive application maintenance services to drive innovation, optimize costs, and reduce the need for future reworks through solutions designed for long-term efficiency. Overall, the modernization project is expected to deliver significant operational savings.Powered by Capital Market - Live

Wipro announced Omkar Nisal's appointment as the Chief Executive Officer, Europe Strategic Market Unit (SMU), effective immediately. Omkar will report to CEO and MD Srini Pallia and will also join the Wipro Executive Board. Omkar succeeds Pierre Bruno, who is stepping down. Omkar will continue to be based in London. Omkar has been with Wipro since 2012, establishing himself as a trusted advisor to clients, and has built high-performing teams that work with clients across business sectors to deliver exceptional results. Among his many achievements over the years, Omkar successfully ran Wipro's Banking-EMEA business, working closely with large and niche financial institutions across UKI, Europe, the Middle East, and Africa. This included enabling them through their digital transformation with a significant focus on customer journey redesign, enterprise engineering, ways of working, and AI-led automation. He most recently served as the Senior Vice President and Managing Director of the UK and Ireland, managing a regional P&L of over a billion dollars. Powered by Capital Market - Live

In October, the IT major's board recommended issuing one bonus equity share for every equity share held (1:1). Additionally, they recommended a bonus issue of 1 American Depositary Share (ADS) for every 1 ADS held, as on the record date. Wipro is a leading technology services and consulting company focused on building innovative solutions that address clients' most complex digital transformation needs. The IT giant's consolidated net profit grew 6.85% to Rs 3,208.8 crore on 1.54% rise in revenue from operations to Rs 22,301.6 crore in Q2 FY25 over Q1 FY25. On year on year (YoY) basis, the IT firm's net profit grew 21.26% while revenue fell 0.95% in Q2 FY25. For the quarter ending 31 December 2024, Wipro expects revenue from its IT Services business segment to be in the range of $2,607 million to $2,660 million. This translates to sequential guidance of -2% to 0% in constant currency terms. Powered by Capital Market - Live

Wipro has fixed 03 December 2024 as record date for purpose of determining the equity shareholders of the Company eligible for bonus equity shares (including Stock Dividend on ADS) of the Company. Powered by Capital Market - Live

Wipro has allotted 1,42,688 equity shares under ADS Restricted Stock Unit Plan 2004 and 1,97,219 equity shares under the Restricted Stock Unit Plan 2007 on 21 November 2024, pursuant to exercise of ESOPs.Powered by Capital Market - Live

Wipro and Lineaje, today announced a collaboration to help enterprises secure the open-source components within their software applications. Recently, Wipro's corporate investment arm - Wipro Ventures - invested in Lineaje, a US based software supply chain security company. Wipro will leverage Lineaje's Open-Source Manager and SBOM360 Hub to empower enterprises with a comprehensive service to continuously identify and neutralize critical open-source vulnerabilities within software they source, build, and use. This offering is built upon Lineaje's advanced capabilities to meticulously analyze software components, expose each component's known and hidden dependencies, and assess the vulnerabilities and risks within each component. This granular visibility allows for the verification of the entire supply chain's authenticity, proactive elimination of vulnerabilities at their source, and detection and remediation of potential compromises in the software supply chain. 'Supply chain attacks often target services from third-party vendors and open-source software inside a company's technology stack. Bringing together Lineaje's AI-driven capabilities and Wipro's deep understanding of risk and compliance landscape, we reaffirm our commitment to secure the modern enterprise and the lifecycle of modern software development,' said Nikos Anerousis, Vice President, Engineering Edge, Wipro. Powered by Capital Market - Live

Wipro has worked with FORVIA (FRVIA), the world's seventh-largest automotive technology supplier, for the optimization of FORVIA's Advanced Driver Assistance Systems (ADAS) application set. FORVIA used Wipro Engineering Edge's Cloud Car's building blocks, namely Microservices and vehicle container architecture components, to enhance its vehicle safety and comfort applications. FORVIA's ADAS applications are now mostly independent of hardware, lower in maintenance costs, and continuously integrated into Original Equipment Manufacturers'(OEM) value chains thanks to the underlying cloud native architecture. The project notably involved FORVIA's innovative surround-view technology which combines exterior camera views into an immersive 3D perspective that helps drivers park their vehicles safely and easily. All functions of FORVIA's ADAS applications set have now been brought into a loosely connected, service-oriented microservice architecture. This update led to significantly lower software development lifecycle (SDLC) costs and FORVIA can now market its ADAS features and functions separately as well as combine them easily with ADAS functions from a customer or 3rd party.Powered by Capital Market - Live

Wipro announced a strategic partnership with RELEX Solutions, a provider of unified supply chain and retail planning solutions. This partnership combines Wipro's deep expertise in the retail and Consumer Packaged Goods (CPG) sectors with RELEX's AI-based supply chain and retail planning platform. The platform enables retailers, wholesalers, and consumer goods companies to maximize sales, minimize costs, and reduce waste by optimizing demand, merchandise, supply chain, and operations planning across their value chain. RELEX's unified AI-based platform allows for comprehensive and fully integrated supply chain management for all distribution channels. The platform optimizes internal processes and enhances collaboration with suppliers in key areas such as demand, availability, and resource planning. Additionally, the platform supports merchandising, inventory management, and operations planning, ensuring seamless data integration and real-time analytics to drive efficiency and profitability throughout the entire supply chain. Powered by Capital Market - Live

Wipro has granted 49,167 Restricted Stock Units under Company's ADS Restricted Stock Unit Plan 2004 to identified employee(s) of its subsidiary company. This grant is effective from 22 October 2024.Powered by Capital Market - Live