After hours: 4:18PM EDT
|Bid||4.0400 x 2900|
|Ask||4.0500 x 4000|
|Day's Range||3.9800 - 4.0650|
|52 Week Range||3.9700 - 5.8000|
|Beta (3Y Monthly)||0.62|
|PE Ratio (TTM)||16.28|
|Forward Dividend & Yield||0.01 (0.26%)|
|1y Target Est||N/A|
About 34 percent of shares held by companies controlled by Premji have been irrevocably renounced and earmarked to the Azim Premji Foundation, according to a statement Wednesday. With the latest move, Premji, who turned a small maker of vegetable oil into a software behemoth, has donated $21 billion of his fortune to charity. Premji’s philanthropy may prompt the rich in a nation where ultra-high net worth population is expected to surge 39 percent by 2023 donate more to charity, and help pull millions out of poverty.
The commitment, worth 527.50 billion rupees ($7.5 billion), would take the total value of the endowment corpus contributed by Premji to 1.45 trillion rupees ($21 billion), it said. Premji and entities controlled by him hold about 74 percent stake in Wipro, according to exchange data. Premji, India's second richest man, was instrumental in turning Wipro from a vegetable oil manufacturer to a software services company nearly four decades ago.
Cognizant's (CTSH) acquisition of Meritsoft not only strengthens the former's software-as-a-Service (SaaS) portfolio but also expands its footprint among financial institutions.
The Zacks Analyst Blog Highlights: China Southern Airlines, Banco Santander, JinkoSolar, Wipro and KT
Rapid economic growth, attractive valuations and the Fed's new-found dovishness are likely to boost emerging market stocks this year.
President Donald Trump's views on illegal immigration have been widely circulated and commented upon, and the Muslim ban led to protests. But it's his position on highly skilled foreigners working in the U.S. that has a few companies and their investors concerned. On January 30, 2019, the Department of Homeland Security (DHS) announced it is changing the rules for the visa lottery process so that "U.S. employers seeking to employ foreign workers with a U.S. master’s or higher degree will have a greater chance of selection." The rule comes into effect April 1, which means it concerns petitions for the 2020 fiscal year.
"We do not see any immediate impact of the macro headwinds that some of the large economies have cautioned, but we continue to remain watchful," Abidali Z. Neemuchwala, Wipro's Chief Executive Officer, said following the results. Wipro remained cautious over growth in the healthcare business, amid uncertainty around the Affordable Care Act. Revenue in the healthcare division grew at 4.3 percent in the quarter, while that from the business, financial services and insurance division rose 24.8 percent.
Accenture (ACN) reported results for its first quarter of fiscal 2019 on December 20. The company’s revenue increased 7.0% YoY to $10.6 billion. It made a profit of $1.3 billion in that quarter, which ended on November 30. The profit rose 9.0% YoY.
Billionaire Paul Singer of Elliott Management has been described by Bloomberg as “the world’s most feared investor”. Other outlets have referred to his $35 billion hedge fund in somewhat less glowing terms, with “vulture fund” ranking highly on that list due to the firm’s tendency to prey on distressed companies or situations and attempt to […]
In this article, we’ll see how analysts are rating Infosys (INFY). A weaker Indian rupee has been a tailwind for Indian technology companies (INDA) (EPI) such as Infosys, as they get most of their revenues from overseas. Infosys has received “strong buy” ratings from 12 analysts, while 24 have given it “buy” ratings.
After several tireless days we have finished crunching the numbers from the more than 700 13F filings issued by the elite hedge funds and other investment firms that we track at Insider Monkey, which disclosed those firms’ equity portfolios as of September 30. The results of that effort will be put on display in this […]
BENGALURU/MUMBAI, Oct 24 (Reuters) - Indian software services exporter Wipro Ltd on Wednesday called out its healthcare services business in the United States as a challenge as uncertainties over Obamacare meant insurers are holding off on big technology expenditure. The healthcare market accounts for nearly 13 percent of Wipro's IT sales and reform of the sector in the United States, its biggest market, remains in prospect given the hostility of President Donald Trump and many Republicans to the Affordable Care Act, commonly known as Obamacare, despite a failed 2017 push to repeal it.
BENGALURU/MUMBAI (Reuters) - Indian software services exporter Wipro Ltd on Wednesday called out its healthcare services business in the United States as a challenge as uncertainties over Obamacare meant insurers are holding off on big technology expenditure. The healthcare market accounts for nearly 13 percent of Wipro's IT sales and reform of the sector in the United States, its biggest market, remains in prospect given the hostility of President Donald Trump and many Republicans to the Affordable Care Act, commonly known as Obamacare, despite a failed 2017 push to repeal it.
Wipro Limited (NSE:WIPRO), a large-cap worth ₹1.51t, comes to mind for investors seeking a strong and reliable stock investment. Most investors favour these big stocks due to their strong balanceRead More...
Annual economic growth surged to a more than two-year high of 8.2 percent in the June quarter, data released after market hours on Friday showed. The broader NSE Nifty was up 0.14 percent at 11,697.35 as of 0622 GMT and the benchmark BSE Sensex was 0.18 percent higher at 38,714.18. Shares of Wipro jumped 8.6 percent in their biggest intraday gain since July 2013 after the company said on Sunday it had won a $1.5 billion contract from U.S.-based Alight Solutions.
Indian software services exporter Wipro Ltd won its biggest-ever contract worth more than $1.5 billion (£1.16 billion) with U.S.-based Alight Solutions LLC for digital services, the company said in a statement on Sunday. Wipro, one of India's top IT firms, said it would earn $1.5-1.6 billion in revenues over the tenure of the deal, which will include services in health, human resources and finance for Illinois-based Alight Solutions. In July, the Bengaluru-based firm had said it would buy Alight Solutions' India operations for $117 million in cash.