Last $12.85 USD
Change Today +0.07 / 0.55%
Volume 237.4K
As of 8:04 PM 11/26/14 All times are local (Market data is delayed by at least 15 minutes).

wipro ltd-adr (WIT) Snapshot

Open
$12.75
Previous Close
$12.78
Day High
$12.85
Day Low
$12.70
52 Week High
02/26/14 - $14.26
52 Week Low
06/4/14 - $10.86
Market Cap
31.7B
Average Volume 10 Days
418.7K
EPS TTM
--
Shares Outstanding
2.5B
EX-Date
07/25/14
P/E TM
--
Dividend
$0.16
Dividend Yield
1.01%
Current Stock Chart for WIPRO LTD-ADR (WIT)

Related News

No related news articles were found.

wipro ltd-adr (WIT) Details

Wipro Limited provides information technology (IT) products and services worldwide. It operates in two segments, IT Services and IT Products. The IT Services segment offers software application development services; application maintenance services; research and development services for hardware and software design; analytics and information management services, such as business analytics, business intelligence and performance management, and information management; and business process outsourcing (BPO) services, including pre-built process asset based solutions, industry focused and platform based solutions, driving predictable business outcomes, investing in industry leading BPO platform, and integrated IT BPO services. It also provides consulting services; product engineering solutions; managed services; application services, such as enterprise applications, connected enterprise services, enterprise security solutions, cyber security consulting, enterprise architecture, and testing services; cloud services; eco energy services; infrastructure management services; and mobility services. This segment serves banking, financial services, and insurance; healthcare and life sciences; retail, consumer, transport, and government; energy, natural resources, and utilities; manufacturing; and global media, as well as telecom industries. The IT Products segment sells a range of Wipro personal desktop computers, Wipro servers, and Wipro notebooks; and resells desktops, servers, notebooks, storage products, networking solutions, and packaged software for international brands. This segment also offers platforms and storage, enterprise information security, emerging technologies, enterprise management, and contact centre infrastructure products; and delivers hardware, software products, and other related products. It has collaboration agreement with Red Hat, Inc. to develop and deliver cloud solutions. Wipro Limited was founded in 1945 and is headquartered in Bengaluru, India.

130,000 Employees
Last Reported Date: 05/19/14
Founded in 1945

wipro ltd-adr (WIT) Top Compensated Officers

Founder, Executive Chairman, Managing Directo...
Total Annual Compensation: $1.2M
Chief Executive Officer, Executive Director, ...
Total Annual Compensation: $840.4K
Chief Financial Officer, Executive Director a...
Total Annual Compensation: $432.7K
Chief Executive Officer of Wipro Infrastructu...
Total Annual Compensation: $317.6K
Chief Sustainability Officer
Total Annual Compensation: $37.7K
Compensation as of Fiscal Year 2014.

wipro ltd-adr (WIT) Key Developments

Levi Strauss Enters into 5 Years Strategic Agreement with Wipro

Levi Strauss & Co. announced the next phase of its global productivity initiative, including a five-year strategic agreement with Wipro Limited (WIT) to outsource certain global business services. Levi said that it will eliminate about 500 positions, primarily due to the decision to partner with Wipro, a global information technology, consulting and business process services company. The initiative, announced in March 2014, is expected to generate net annualized cost savings of $175 million - $200 million once fully implemented. Wipro will provide support for certain business services within information technology, finance, human resources, customer service and consumer relations. LS&Co. also continues to reduce layers of management, increase spans of control, remove duplicative roles and make other structural changes as part of the global productivity initiative and the company's continued structural transformation of its cost base. The initial term of the Agreement is five years with activation of certain components of the outsourced services starting in the first quarter of 2015. LS&Co. will pay Wipro for the services through a combination of fixed and variable charges, with the variable charges fluctuating based on the Company's actual need for services. The company expects to pay Wipro a minimum of approximately $143 million over the initial term of the agreement.

Red Hat and Wipro Collaborate to Meet Demand for Open Hybrid Cloud Solutions

Wipro Ltd. and Red Hat, Inc. announced the global expansion of their alliance to accelerate the deployment of open hybrid cloud solutions. As part of the expanded collaboration, Red Hat and Wipro will work together to develop and deliver enterprise-grade cloud solutions to the market, and will also jointly deliver next-generation DevOps solutions for continuous integration and testing. Wipro's relationship with Red Hat dates back to 2006 when they became a Red Hat Ready Business Partner focusing on customer adoption and implementation of Red Hat Enterprise Linux. In 2010, Wipro and Red Hat announced further collaboration, making Wipro a Red Hat Premier Partner. As part of this most recent alliance expansion, Wipro becomes a Premier, Global Systems Integrator for Red Hat. With the expansion, Wipro's open source infrastructure solution stack now includes Red Hat Enterprise Linux, Red Hat Enterprise Virtualization, Red Hat Satellite, Red Hat CloudForms, Red Hat Enterprise Linux OpenStack Platform, and OpenShift. Wipro's Open Source Practice will design a joint go-to-market and cloud strategy for their clients. Wipro will also receive technical training and accreditation for open source through the Red Hat Online Partner Enablement (OPEN) program in order to deploy Red Hat Enterprise Linux OpenStack Platform, Red Hat CloudForms (Red Hat's hybrid cloud management offering) and OpenShift (Red Hat's Platform-as-a-Service (PaaS) offering) in its Open Source Center of Excellence. This will qualify Wipro associates who successfully complete the program as accredited sales specialists, sales engineer specialists and services delivery specialists for both IaaS and PaaS.

Suitors Reportedly Eye Indulekha

FMCG majors including Wipro Ltd. (BSE:507685) and a few private equity funds are looking at acquiring Indulekha from Mosons Extractions Pvt. Ltd. Mosons Extractions has retained Anand Rathi to advise on a sale with an asking valuation of more than INR 6 billion.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
WIT:US $12.85 USD +0.07

WIT Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Capita PLC 1,061 GBp -8.00
Cognizant Technology Solutions Corp $53.64 USD +0.335
HCL Technologies Ltd 1,635 INR +1.75
Infosys Ltd 4,337 INR +36.45
salesforce.com inc $59.23 USD -0.11
View Industry Companies
 

Industry Analysis

WIT

Industry Average

Valuation WIT Industry Range
Price/Earnings 17.1x
Price/Sales 3.1x
Price/Book 3.8x
Price/Cash Flow 17.0x
TEV/Sales 2.6x
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact WIPRO LTD-ADR, please visit www.wipro.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.