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

Wealthtime, the adviser-focused platform business, has agreed a partnership with Wipro and its global technology partner GBST to deliver a market leading, digital-first platform and innovative customer-centric service offering. The move supports the group's long-term growth ambitions and draws on Wipro's extensive technology and operational expertise to ensure that it continues to meet the evolving needs of advisers and their clients. The deal will see the Wealthtime and Wealthtime Classic platforms brought together under one brand on a significantly enhanced platform, powered by GBST technology. Under the agreement, Wipro and GBST will employ a joint co-delivery model to provide end-to-end platform services. Wipro brings a wealth of experience in operational excellence and digital transformation with major global brands across multiple sectors, including UK financial services, to fast-track Wealthtime's service and technology transformation. The deal also extends the group's 15-year technology partnership with GBST, with the platform undertaking an accelerated enhancement in 2025. Further continuous updates will be implemented to the platform to futureproof Wealthtime's technology for their customers. Under the deal, Wealthtime's Operations and Technology & Change functions will transfer to Wipro's newly established UK centre of excellence for business processing, based in the Southwest area. Transferring these functions will allow Wealthtime to leverage Wipro's advanced technology and substantial IT and AI experience to continually improve service standards and front-end applications. Platform users will benefit from significant enhancements to the Adviser and Investor Zones, alongside a streamlined service provision. Through extensive automation, the platform will aim to reduce manual effort, enabling advisers to focus on higher value work, and generate more in-depth insights for their customers.Powered by Capital Market - Live

Ericsson and Wipro today announced the successful transformation of the billing experience for all Odido brand mobile customers in the Netherlands by migrating to the cloud-native Ericsson Billing platform hosted on Amazon Web Services (AWS). This achievement allows Odido to offer innovative 5G services, including the newly-launched Klik&Klaar fixed-wireless access (FWA) solution, with improved operational efficiency and customer experience. The migration, completed in August 2024, transitioned 5 million customers over a single weekend. The migration to Ericsson Billing follows the earlier transition of 700,000 Ben MVNO users in November 2023, marking a major milestone in Odido's modernization. The successful migration means all Odido's mobile customers, whether B2B or B2C, are now served by Ericsson Billing, hosted on AWS. The project was executed with Wipro as an end-to-end system integrator, working in close collaboration with Ericsson and Odido to design and implement the solution. The seamless integration into Odido's IT landscape lowers Odido's technical debt, simplifies the customer journey, and reduces operating costs. Powered by Capital Market - Live

The board of directors recommended bonus equity shares in the proportion of 1 bonus equity share for every 1 equity share held (1 :1) and a bonus issue [stock dividend on American Depositary Share (ADS)] of 1 ADS for every 1 ADS held, as on the record date, subject to approval of the members of the company. Further, the company reported Q2 & H1 FY25 earnings. 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. Profit before tax was at Rs 4,277.8 crore during the quarter, up 6.37% quarter on quarter (QoQ) and up 21.9% YoY. In dollar terms, Wipro's gross revenue stood at $2,662.6 million in Q2 FY25, up 1.5% QoQ while down 1% YoY. IT services segment revenue was at $2,660.1 million, up 1.3% QoQ while down 2% YoY. IT services operating margin for the quarter was at 16.8%, registering a growth of 0.3% QoQ and 0.7% YoY. Non-GAAP constant currency IT services segment revenue grew 0.6% QoQ but down 2.3% YoY. 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. During the quarter, the IT company's total booking was at $3,561 million. Large deal bookings stood at $1,489 million, registering a growth of 28.8% QoQ and 16.8% YoY in constant currency. The company said that its closing employee count in IT Services stood at 233,889. Voluntary attrition was at 14.5% on a trailing 12-month basis. Srini Pallia, CEO and managing director, said 'Based on strong execution in Q2, we met our expectations for revenue growth, bookings, and margins. We continued to expand our top accounts, large deal bookings surpassed $1 Bn once again, and Capco maintained its momentum for another consecutive quarter. We grew in three out of four markets, as well as, in BFSI, Consumer and Technology and Communications sectors. We will continue to invest in our clients, our strategic priorities, and building a strong AI powered Wipro.' Aparna Iyer, chief financial officer, said 'I am pleased with our performance across all parameters including revenue, bookings, operating margin, cash flow and EPS. On the back of operational improvements, we further expanded our margins by 35 basis points and our EPS grew 6.8% QoQ. Our operating cash flow continues to be robust at 132.3% of net income in Q2. As a result, cumulatively in the first half of this year we generated nearly $1B in operating cash flow.' Wipro is a leading technology services and consulting company focused on building innovative solutions that address clients' most complex digital transformation needs. Powered by Capital Market - Live