Last $12.52 USD
Change Today +0.26 / 2.12%
Volume 222.5K
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As of 8:04 PM 11/21/14 All times are local (Market data is delayed by at least 15 minutes).

wipro ltd-adr (WIT) Snapshot

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02/26/14 - $14.26
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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

Wipro Ltd. Strengthens Local Leadership in Continental Europe

Wipro Ltd. announced the appointment of Hervé Sortais, General Manager and Country Head for France, part of the Continental Europe market. In his new role, Hervé will focus on strengthening Wipro's position in France by pursuing new business opportunities. He will also be responsible for growing Wipro's brand visibility in the region and helping customers implement innovative solutions that will transform the way they do business. Prior to joining Wipro, Hervé was Vice President at Lawson Software, an ERP vendor and US public company, where he held several executive positions across Europe, bringing in his expertise in professional services and development of new market solutions. Prior to that, Hervé worked for 11 years with Atos, where he was first leading Open Systems and Middleware Solutions practice, before scaling up the ERP Business Unit on the Manufacturing market. Then, in 1999, he joined Gedas Gmbh (the IT Services Company of Volkswagen AG serving the automotive and manufacturing industry) and led the transformation and outsourcing of Volkswagen IT, developing Gedas in France and becoming president of the company in 2005.

Wipro Ltd. Presents at FT Global Pharmaceuticals and Biotechnology Conference 2014, Nov-17-2014 through Nov-18-2014

Wipro Ltd. Presents at FT Global Pharmaceuticals and Biotechnology Conference 2014, Nov-17-2014 through Nov-18-2014. Venue: Marriott Hotel Grosvenor Suqare, Park Lane, London W1K 6JP, United Kingdom. Presentation Date & Speakers: Nov-17-2014, Pranit Kumar, Global Client Partner. Nov-18-2014, Sandeep Raju, Vice President & Head of Life Sciences Europe.

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.


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