Reporting one of its strongest quarters in recent years, Bengaluru-based information technology (IT) firm Wipro on Wednesday posted 20.9-per cent year-on-year (YoY) growth in consolidated net profit at Rs 2,968 crore for the December quarter. It had reported a profit of Rs 2,456 crore in the corresponding quarter last year. The company said its dollar revenue growth was the highest in 36 quarters. It clocked a consolidated revenue of Rs 15,670 crore, marginally up 1.3 per cent, from Rs 15,471 crore logged in the third quarter (Q3) of 2019-20. On a quarterly basis, income improved 3.67 per cent. The operating margin was also at a 22-quarter high for the Bengaluru-based company at 21.7 per cent, led by improved revenue growth trajectory and excellence in operations, with several metrics at an all-time high. Showing sequential growth of 3.9 per cent, the consolidated IT services revenue was at $2,071 million.
American Tower is paying 7.7 bln euros for Telefonica’s 31,000 sites in Europe and Latin America. The rich price tag makes the Spanish firm a clear winner. By creating a new rival to leader Cellnex, the deal may also help peers like Orange or Deutsche Telekom sell their assets.
Hub snaps up Puerto Rico broker in expansion move
12-01-2021
10-03-2016
Global insurance brokerage Hub International has acquired certain assets of Puerto Rico-based Christiansen Insurance Group, a full-service insurance firm specialising in property and casualty, personal insurance and employee benefits solutions.
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13-10-2020
Global mergers and acquisitions (M&A) activity tumbled to its lowest level in 2020, despite an exceptional rebound in the final three months of the year, but experts at Willis Towers Watson expect a dealmaking surge in 2021 driven by demand, ample funding, ultra-low interest rates.
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Gallagher continues UK expansion with Bollington deal
12-01-2021
02-09-2019
Global insurance broker Gallagher has agreed to acquire UK-based Bollington Wilson Group, which specialises in mid-market commercial, niche lines, and SME & micro-SME businesses as well as personal lines.
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