Wipro has not handled the issue transparently, analysts said
A finance employee of Indian outsourcer Wipro committed suicide shortly after the company caught him in December for embezzling US$4 million from the company, a spokeswoman for the company said on Tuesday.
Other top Indian outsourcers have also reported revenue and profit growth
Wipro achieved revenue growth in its IT services business in the quarter ended Dec. 31, indicating that demand for outsourced services is picking up but is not yet at levels seen before the recession, it said Wednesday.
Launches new strategic retail solutions
Cloud computing is here to stay and Wipro is focused on tapping this lucrative industry. The company has announced the launch of two new solutions--digital customer experience platform and loss prevention platform--for the retail industry.
They will have to build new expertise and expand globally, say analysts
The market for Indian outsourcers is on the mend, but these companies will have to build expertise in new technology areas, and set up operations in multiple locations to take advantage of market conditions, according to analysts.
An earlier center in Shanghai was focused only on the local market
Indian outsourcer Wipro has set up a global services delivery center in Chengdu in southwest China, targeting customers in the U.S., Europe, and other markets outside the country.
The expansion is good business strategy, and also politically correct, say analysts
Wipro, India's third largest outsourcer, is expanding its development center in Atlanta from 350 to 1,000 staff, reflecting a growing trend for Indian outsourcers to expand and hire locally in the U.S. market.
The company says the business environment is however improving
Wipro, India's third-largest outsourcer, said Tuesday that its IT services revenue in U.S. dollar terms had declined by 4 percent to US$1.1 billion in the quarter ended Sept. 30 against the same quarter last year.
The move will in effect reverse its 2005 acquisition of NewLogic, an Austrian wireless IP company
Indian outsourcer Wipro is considering exiting its business of creation and licensing of intellectual property (IP) in the area of connectivity, a company executive said on Thursday.
The former CEO of SAP will be one of seven independent directors at the Indian outsourcer
Former SAP CEO Henning Kagermann is joining the board of India's third-largest outsourcer, Wipro, the company said on Tuesday in a filing to the Bombay Stock Exchange.
Calling India for help desk support is one thing, but accessing SaaS applications offshore may be another
The Indian offshore companies have become masters at moving code, call centers and research to high-skilled, low-wage regions. Their business model is synonymous with globalization. But cloud and SaaS delivery is best served by proximity and infrastructure reliability, and that may bring some changes to the Indian offshore model.
In 2000, IT services firm Wipro Technologies gave senior IT staffers at The World Bank Group a chance to buy stock in parent company Wipro Ltd. under a family-and-friends program, as part of an IPO in the U.S. Bank employees bought about 1,750 shares, paying a total of $72,000.
Wipro has been barred from World Bank contracts after families and friends of bank officials bought Wipro shares at the IPO price.
Indian outsourcer Wipro said Monday that the company was barred from direct contracts from the World Bank, after family and friends of the bank's CIO and other senior executives purchased Wipro shares under a program set up by the company.
