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    507685   INE075A01022

WIPRO LIMITED

(507685)
  Report
End-of-day quote Bombay Stock Exchange  -  2023-02-02
407.80 INR   -0.32%
02/03Tech Stocks Weigh Down Asian Equities in Friday Trading
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02/01Tech Stocks Lead Asian Equities Higher in Wednesday Trading
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02/01Wipro Report Reveals the Top Three Automotive Transformation Priorities
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Wipro Invests in New Dedicated VMware Business Unit

11/08/2022 | 03:30am EST

Wipro Limited and VMware, Inc. announced an extended collaboration to help mutual customers accelerate their digital journey and maximize their VMware Cloud investments. As part of this expanded relationship, Wipro will launch a new dedicated VMware-focused business aligned to Wipro's broader strategy of driving growth through strategic partnerships. The unit will focus on the power of Wipro Full Stride Cloud Services' in-depth expertise across industries along with VMware Cross-Cloud services to help enterprises drive enhanced agility, speed, and innovation.

The goal will be to streamline VMware implementations and accelerate deployment of applications, leading to better, faster ROI. Wipro's new business unit will work with VMware on deepening the companies' collaboration on deploying VMware solutions, including VMware Anywhere Workspace, which allows employees to work from anywhere with more secure and frictionless experiences. All solutions will be implemented with an eye toward sustainability and reduced carbon footprint as a key business outcome.

Wipro will offer a full portfolio of digital transformation services in collaboration with VMware across industries, with major focus on Banking & Financial Services, Healthcare, and Consumer and Retail. The unit will leverage Wipro's 10,000+ domain experts in these verticals including the expertise acquired through acquisitions like Capco and Designit. Wipro will be significantly scaling the technical competency in VMware Cross-Cloud services for multi-cloud infrastructure, modern apps, anywhere workspace, networking, and security, and will have 5,000 cross-trained professionals for these areas over next two years.

The Wipro and VMware collaboration will be truly global, covering the Americas, Europe, Middle East, Africa, and Asia Pacific, and will involve multi-million-dollar investments across sales, alliances, and delivery resources in each of these regions. The delivery will be executed through Wipro Full Stride Cloud Studios in US, Europe, and India.


ę S&P Capital IQ 2022
Stocks mentioned in the article
ChangeLast1st jan.
VMWARE, INC. -1.81% 121.77 Delayed Quote.1.03%
WIPRO LIMITED -0.32% 407.8 End-of-day quote.3.82%
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Analyst Recommendations on WIPRO LIMITED
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Financials
Sales 2023 908 B 11 035 M 11 035 M
Net income 2023 115 B 1 395 M 1 395 M
Net cash 2023 229 B 2 781 M 2 781 M
P/E ratio 2023 19,5x
Yield 2023 1,82%
Capitalization 2 233 B 27 144 M 27 144 M
EV / Sales 2023 2,21x
EV / Sales 2024 1,95x
Nbr of Employees 240 000
Free-Float 26,7%
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Technical analysis trends WIPRO LIMITED
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Income Statement Evolution
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Mean consensus HOLD
Number of Analysts 42
Last Close Price 407,80 INR
Average target price 422,62 INR
Spread / Average Target 3,63%
EPS Revisions
Managers and Directors
Thierry Delaporte CEO, Executive Director & Managing Director
Jatin Pravinchandra Dalal President & Chief Financial Officer
Rishad Azim Premji Executive Chairman
Subha Tatavarti Chief Technology Officer
Harmeet Chauhan Global Head-Engineering, Research & Development
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