‘Wipro is like a perpetual turnaround story’. Heard that line before? Well, the company has lagged peers. And having had eight CEOs since 2000 conveys a leadership continuity challenge. TCS, in its 55+ year history, has had fewer bosses. Pallia, therefore, has a difficult job.
Wipro ups IT services revenue guidance to 8-10 pc in June qtr
New Delhi, Apr 30: Wipro on Friday revised upwards its IT services revenue outlook to 8-10 per cent sequential growth in the June 2021 quarter, following the completion of its USD 1.45 billion buyout of Capco.
While announcing its March quarter results earlier this month, Wipro had said it expects to log a sequential growth of 2-4 per cent in its IT services revenues in the June 2021 quarter without including revenue from Capco and Ampion acquisitions.
In March, Wipro had announced the acquisition of London-headquartered Capco in a USD 1.45 billion (over Rs 10,500 crore) deal – its largest ever till date.
Wipro share hits all-time high after firm raises Q1 revenue guidance
Wipro share hit all-time high of Rs 511.95, rising 4.5% against previous close of Rs 489.90 on BSE
BusinessToday.In | April 30, 2021 | Updated 13:51 IST
Wipro share is trading higher than 5 day, 20 day, 50 day, 100 day and 200 day moving averages.
Wipro share scaled its fresh all-time high today after the IT firm revised its first-quarter growth guidance for fiscal 2022 following the acquisition of London-headquartered management consulting company Capco.
The large cap share hit all-time high of Rs 511.95, rising 4.5% against previous close of Rs 489.90 on BSE. The stock has gained 5% in the last 5 days. Wipro share is trading higher than 5 day, 20 day, 50 day, 100 day and 200 day moving averages.
Wipro on Friday revised upwards its IT services revenue outlook to 8-10 per cent sequential growth in the June 2021 quarter, following the completion of its USD 1.45 billion buyout of Capco. While announcing its March quarter results earlier this month, Wipro had said it expects to log a sequential growth of 2-4 per cent in its IT services revenues in the June 2021 quarter without including revenue from Capco and Ampion acquisitions. In March, Wipro had announced the acquisition of London-headquartered Capco in a USD 1.45 billion (over Rs 10,500 crore) deal - its largest ever till date. In a regulatory filing on Friday, Wipro said the acquisition of Capco was completed on April 29, 2021.
Wipro plans integration with Capco its biggest buy!
Wipro s PMI team is looking effective integration with Capco, which it acquired for $1.45 billion
Rukmini Rao | April 16, 2021 | Updated 13:11 IST
When Wipro announced the acquisition of London-headquartered Capco, which provides digital, consulting and technology services in BFSI sector for $1.45 billion, analysts saw this as a positive provided the integration went on well.
Wipro had earlier stated that the acquisition was an all-cash deal and was expected to be completed during the quarter ending June 30, 2021 subject to regulatory approvals. The company aims to achieve double digit growth in the range of 11-13 percent in FY22, which excludes revenues from the acquisitions. I fully realise the difference in size and in profile, but that s where the richness of the association will come, said Thierry Delaporte, CEO and Managing Director.