Latest news with #Wipro
Yahoo
7 hours ago
- Business
- Yahoo
Wipro (WIT) Reports Better-than-expected Quarterly Earnings, Highlights Reuters
Wipro Limited (NYSE:WIT) is one of the Best Indian Stocks to Buy for Next 5 Years. Reuters highlighted that Wipro Limited (NYSE:WIT) reported better-than-expected quarterly earnings, thanks to the improved client spending in segments of its Americas business. The company's gross revenue came in at INR221.3 billion ($2,581.6 million), reflecting a decline of 1.6% QoQ and an increase of 0.8% YoY. Net income for Q1 2026 came in at INR33.3 billion ($388.4 million), a decline of 6.7% QoQ and an increase of 10.9% YoY. A modern office building with a large sign displaying the companies logo. Reuters, while quoting analysts at Morgan Stanley, highlighted that robust deal wins at Wipro Limited (NYSE:WIT) place it well for growth in the second half of the fiscal year. The firm also highlighted that analysts at Investec believe deal wins were the highlights for Q1 2026, and these were the highest in over 13 quarters. Notably, total bookings came in at $4,971 million, reflecting a rise of 24.1% QoQ and 50.7% YoY in constant currency. The large deal bookings amounted to $2,666 million, implying 49.7% growth QoQ and 130.8% growth YoY in constant currency. Reuters also reported that Morgan Stanley believes that such large deals remain concentrated among Wipro Limited (NYSE:WIT)'s top clients, reflecting greater wallet share. Wipro Limited (NYSE:WIT) operates as an IT, consulting, and business process services company. The company is based in Bengaluru, India. While we acknowledge the potential of WIT as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 13 Cheap AI Stocks to Buy According to Analysts and 11 Unstoppable Growth Stocks to Invest in Now Disclosure: None. This article is originally published at Insider Monkey.
India.com
18 hours ago
- Business
- India.com
Once denied permission to stay at Wipro guesthouse, now serves as chairman of same company; he is...., father is...
India has produced several philanthropic leaders. It is impossible to mention the names of prominent donors without including Ratan Tata, Azim Premji, Sudha Murthy, Nita Ambani, Shiv Nadar, and Anand Mahindra. Azim Premji is a figure known better for his philanthropy work than his business acumen. Interestingly, Azim Premji has transferred his entire business to his son. The information technology giant, Wipro, established by Azim Premji, has now been passed down to his son, Rishad Premji. Who is Rishad Premji? What role does he hold in Wipro? Rishad Premji, like his father Azim, is recognized for his humility. He joined Wipro in 2007 and worked in several roles before becoming Executive Chairman in 2019 — including General Manager in the Banking and Financial Services business, Head of Investor and Government Relations, and Head of Strategy and M&A. He also holds directorships across various Azim Premji philanthropic entities. In 2014, Rishad Premji was recognized as a Young Global Leader (YGL) by the World Economic Forum due to his outstanding leadership and commitment to society. At present, Rishad Premji is the Executive Chairman of Wipro Limited, a consulting-led and AI-powered global information technology services company. He serves on the boards of Wipro Enterprises, Wipro-GE Healthcare, and the Azim Premji Foundation, which works to improve public school education, healthcare, and livelihoods across several Indian states. He also holds directorships across various Azim Premji philanthropic entities. According to the official website of Wipro, Rishad served as Chairman of NASSCOM, the trade body representing India's technology industry from 2018-19. Before Wipro, Rishad worked with Bain & Company in London and GE Capital in the US. Speaking about his educational qualification, Rishad has an MBA from Harvard Business School and a B.A. in Economics from Wesleyan University. In 2005, Rishad got married to Aditi, his classmate at Harvard Business School, in a simple ceremony. Rishad and Aditi have two children, Rohan and Riya. Azim Premji was born on 24 July 1945 and Wipro was established shortly after on 29 December 1945. At the age of 21, after the death of his father, Azim Premji took over Wipro and built it into one of the biggest IT companies in the world and raised his children with the same principles he has gained from his father. A great example of his values was when Rishad Premji was in London and asked to stay at Wipro's guesthouse. Azim Premji said no, because it is a company property and not a place for personal use.
Time of India
a day ago
- Business
- Time of India
We prefer to have idle pilots than grounded planes: Akasa CFO on losses, funding hiccups, Boeing
Akasa Air, which started in 2021 when the world was still reeling from Covid-19, is now a 30-plane airline controlling 5% of the domestic market share. It has, however, traversed this journey with some hiccups including related to excessive pilot hiring, international handicaps, heavy losses and slowed expansion last year besides dealing with delays in funding from Wipro's Azim Premji and a clutch of other investors. Akasa's CFO Ankur Goel took
India.com
a day ago
- Business
- India.com
Good news for Ratan Tata's company, Narayana Murthy, Sundar Pichai, as Tata, Google, Infosys ranked as India's top…, Mukesh Ambani's Reliance, Azim Premji's Wipro at…
Tata Group, Google India, and Infosys have been ranked as India's top three most attractive employer brands in the Randstad Employer Brand Research (REBR) 2025. The report highlights a growing preference among India's workforce for purpose-driven careers, with work-life balance, equity, and competitive salary and benefits identified as the key drivers of Employee Value Proposition (EVP). Tata Group scored very high on financial health, career progression opportunities, and reputation – the top 3 EVP drivers for the organisation, as per the India climbed the rankings this year to emerge as the runner-up, followed by Infosys, which occupied the third spot. Mukesh Ambani's Reliance, Azim Premji's Wipro Ranking The top-10 most attractive employer brands in India for 2025 also include Samsung India at the 4th place, JPMorganChase (5th), IBM (6th), Wipro (7th), Reliance Industries (8th), Dell Technologies Ltd (9th) and State Bank of India (10th). Based on insights from over 170,000 respondents across 34 markets, including 3,500-plus in India, the study reveals that today's talent expects far more than just a pay cheque. They are looking for inclusive, future-focused workplaces that support both personal and professional growth. When asked about their perception of an ideal employer, work-life balance and attractive salary and benefits have emerged as potential gaps that Indian employers still need to address, as per the survey. 'The 2025 findings reflect a clear shift- today's workforce is no longer satisfied with conventional jobs; they're seeking equity, purpose, meaningful growth, and work-life harmony,' Viswanath P S, MD & CEO, Randstad India, a talent company, said. Viswanath said: 'This year's data also reveals a steady rise in job-switching intent, especially among younger talent. It's a wake-up call for employers to move beyond transactional perks and build organisational cultures rooted in trust, transparency, and shared purpose.' 'As we lean further into a skills-based economy, the competition for top talent will only grow fiercer. The organisations that prioritise inclusion, foster continuous learning, and align with what truly matters to talent will stand out. I believe the REBR 2025 report will serve as a strategic compass for every employer striving to become a true talent magnet,' he said. What Report Says On Gen Z & Millennials Job Switch Plans? As per the report, 47 per cent of Indian employees planned to switch jobs in the first half of 2025, with both Gen Z (51 per cent) and Millennials (50 per cent) displaying a strong intention to switch employers. Moreover, AI usage is rising rapidly, with 61 per cent of Indian employees now using it regularly. Millennials are the most active users, with a 13 per cent increase over the previous year. The expectation of AI's impact remains high, with 38 per cent of employees feeling that AI is impacting their work significantly. Randstad India is a leading talent company providing services across four key specializations operational talent solutions, professional talent solutions, digital talent solutions, and enterprise talent solutions. (With Inputs From PTI)
Forbes
a day ago
- Business
- Forbes
The Supply Chain Evolution: How To Deploy AI Successfully
Anise Madh is GM of Global Infor Practice at Wipro, a global leader in e-commerce and mobile solutions for Infor CloudSuite ERP M3 and LN. AI is revolutionizing employee resource planning (ERP) systems and supply chain operations by making them more intelligent, predictive and autonomous. Because of its growing role in day-to-day business, AI is much more than an add-on; for many companies, it's becoming the backbone of supply chain management. While challenges and roadblocks still exist, the rollout and nuances of AI applications are prompting a shift in how companies think and operate. To stay ahead, companies must adopt innovative approaches that streamline processes and improve operations throughout the supply chain. Knowing this, the question isn't if you should adopt AI but how you can lead the charge. Being a trailblazer means being willing to explore this tool's full potential, experiment boldly and rethink what's possible. Addressing AI-Related Deployment Challenges When rolling out AI, it's important for companies to consider the hurdles they might face, including these three potential challenges. For some AI and generative AI tools, a lack of clarity exists around the inputs the software requires to perform its capabilities. AI's opacity, often referred to as the "black box" problem, stems from the complexity of its neural networks. Data fed into these systems passes through layers of hidden nodes, performing thousands of computations that are largely inscrutable. This uncertainty is precisely why AI must operate under human oversight, with clear guardrails to define its appropriate use. As Boston Consulting Group noted, human supervision is essential to managing the risks associated with generative AI, but it isn't enough on its own. It must be paired with thoughtful design and well-defined processes that help people detect and de-escalate issues when they arise. While continued economic uncertainty, policy changes and market fluctuations impact far more than just AI implementation, they do play a large part in how successful this tech rollout may be. Take a look at the ups and downs of the market from recent trade wars. Plus, other potential challenges like natural disasters and supplier issues remain. AI's predictive models can struggle to account for uncommon or rapidly evolving events, which could lead to gaps in forecasting accuracy and delayed response strategies. Organizations can incorporate flexible contingency strategies to help with this. For example, a flexible contingency strategy might include a diversified supply chain with backup vendors in various regions. Coupled with AI-based scenario planning, this tactic can help companies respond to natural disasters, policy changes or supplier challenges. Pre-vetted alternatives and adaptive workflows help businesses pivot quickly during unforeseen circumstances. By combining AI capabilities with proactive risk management, organizations can better navigate market fluctuations and maintain operational reliability in an increasingly complex global landscape. Another potential roadblock is having the right team in place for implementation, both internally and externally, and identifying who will run point on ongoing fine-tuning and maintenance of the AI models after deployment. Bain & Company found 44% of executives surveyed lack in-house AI expertise, which is slowing its adoption. Overlooking who runs AI leads to challenges with ownership and managing time-sensitive updates or fixes. Addressing this means bringing in or developing people who truly understand AI, can question its outputs and spot issues like hallucinations or bias before they become problems. Without this level of talent, businesses risk losing control over their AI systems, which can compromise reliability and performance as well as trust from stakeholders. Best practices and guardrails are also crucial for maintaining strong AI governance. Strategies like requiring chain-of-thought explanations from AI tools help enhance transparency and accountability. What's more, establishing well-thought-out verification processes ensures AI insights effectively support decision making. Ultimately, overcoming challenges and ensuring sustained success with AI requires skilled human oversight and strong governance measures that extend well beyond an organization's initial implementation. Bridging Today's Capabilities With Tomorrow's Innovations I believe AI's role in the supply chain is poised for a significant transformation, evolving from a decision-support tool to a more autonomous platform capable of proactively recommending actions across areas such as forecasting, planning and delivery. As AI continues to evolve, I expect organizations to lean on it more to simplify day-to-day operations, cut down on repetitive manual tasks and boost accuracy in forecasting and planning. This shift toward AI-driven decision making will reshape conventional supply chain management approaches. It could also pave the way for smarter and more adaptable logistics strategies. Businesses can start by trialing one or two high-impact AI integrations, like demand forecasting or logistics optimization, and gradually expand their scope. Doing so can allow them to modify their AI implementations while addressing the challenge of building a talent pipeline. The key is to prioritize strategic AI adoption. Companies may also consider using cloud-based advancements to integrate current capabilities with future innovations. Final Thoughts There's no doubt that AI's integration into supply chain management and logistics operations is reshaping business. Whether it's helping to redesign processes or improve how industry leaders forecast and make decisions, AI is helping boost efficiency, accuracy and agility. These tools can help companies anticipate disruptions by streamlining operations and providing elevated insights to inform decision making in an increasingly complex world. The journey isn't without its hurdles, but they are also signs that it's time to evolve. Roadblocks are opportunities for improvement, and companies integrating AI into their ERP and supply chain operations wisely can position themselves for lasting competitive success. Forbes Business Council is the foremost growth and networking organization for business owners and leaders. Do I qualify?
