Wipro, in a stock exchange filing, said it would provide managed services for products and industry-specific solutions to the US-based firm.
\nWipro, however, did not divulge the name of the US-based company. Leading telecom operators in the US are AT&T, Verizon and T-Mobile. <\/p>\n
Wipro generated 4.2 percent of its total revenue from the communications industry. Wipro generated 60 percent of its annual revenue from Americas. Wipro had clocked annual revenue of $10,805 million (down 3.8 percent) during the last financial year as clients lowered IT spending. <\/p>\n
The deal with telecom service provider is significant for Wipro. In Americas-I region, Wipro had booked eight large deals in Q4, adding up to a total contract value of 587 million. In Americas-II market, Wipro generated almost 60 percent of its revenues from the BFSI sector.<\/p>\n
Wipro competes with Tech Mahindra, Accenture, IBM, Infosys, Tata Consultancy Services (TCS), HCL Technologies, Cognizant, among others. <\/p>\n
Last month, more than three-fourths of Wipro\u2019s public shareholders voted against the $4.33 million cash severance to former CEO Thierry Delaporte. Nearly 80 percent of public shareholders voted against the cash compensation awarded to Thierry Delaporte, according to a recent stock exchange filing. Thierry Delaporte resigned as Managing Director and CEO of Wipro on April 6.<\/p>\n","protected":false},"excerpt":{"rendered":"
Wipro, in a stock exchange filing, said it would provide managed services for products and industry-specific solutions to the US-based firm. Wipro, however, did not divulge the name of the US-based company. Leading telecom operators in the US are AT&T, Verizon and T-Mobile. Wipro generated 4.2 percent of its total revenue from the communications industry. Wipro generated 60 percent of its annual revenue from Americas. Wipro had clocked annual revenue of $10,805 million (down 3.8 percent) during the last financial year as clients lowered IT spending. The deal with telecom service provider is significant for Wipro. In Americas-I region, Wipro […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[7],"tags":[],"class_list":["post-820124","post","type-post","status-publish","format-standard","hentry","category-it-2"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/820124","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=820124"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/820124\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=820124"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=820124"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=820124"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}