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Stock Market & Financial Investment News

News Breaks
April 17, 2014
15:13 EDTWITWipro deal commentary encouraging but shares fairly valued, says Oppenheimer
Oppenheimer views Wipro's Q4 results as encouraging and said management was positive about its deal pipeline and better traction in discretionary spending. However, the firm said the company gave "muted" revenue guidance for next quarter and that it views the shares as fairly valued given their recent strength. Oppenheimer maintains its Perform rating on Wipro.
News For WIT From The Last 14 Days
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March 19, 2015
09:02 EDTWITWipro says selected by Greater Cincinnati Water Works
Wipro announced that it has been selected by the United States-based utility company, Greater Cincinnati Water Works as its IT partner for the utility’s CRM, Billing and Service Bureau operations. Wipro will design, build, host and deploy a Customer Information System for Greater Cincinnati Water Works in a Platform as a Service model. The company will also maintain the solution for Greater Cincinnati Water Works for a period of five years after the initial implementation. Unlike conventional capex-heavy commercial models, Wipro’s solution is being offered in an Opex-based, pay-per-use pricing model, which is linked to the actual volume of customers served by Greater Cincinnati Water Works.
March 17, 2015
15:03 EDTWITWipro takes minority stake in Drivestream
Wipro (WIT) and Drivestream announced that they have signed an agreement to enter into a strategic partnership to build an integrated Cloud Solutions stack for customers. As part of this arrangement, Wipro is investing $5M in Drivestream, a leading Oracle (ORCL) cloud applications systems integrator. This is part of Wipro’s strategic drive to actively participate in the external innovation eco-system, for which the company has set up Wipro Ventures, a $100M fund focused on investing in disruptive start-ups.
March 16, 2015
05:21 EDTWITWipro appoints Abid Ali Neemuchwala as COO
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