IT major Wipro is setting up new software development centres in Bengaluru that would potentially employ 25,000 people, while its cross town rival Infosys is setting up a centre in Hubbali in North Karnataka.

“We are in the midst of expansion, which will add 25,000 people to Karnataka and to Bengaluru. Our experience is that Bengaluru is a source of technical talent. Inspite of Bengaluru's infrastructure, it has very nice weather, people with very strong science background and it is a cosmopolitan city,” Wipro Chairman Azim Premji told the Invest Karnataka summit here on Wednesday.

Washington: Three major Indian information technology firms—Infosys Ltd, Tata Consultancy Services Ltd (TCS), and Wipro Ltd—have joined US President Barack Obama’s “computer science for all” initiative as part of a public-private collaboration, pledging thousands of dollars in grants.

Obama announced the plan in his weekly address on Saturday as he emphasized on the need for teaching computer science as a “basic skill” to all children across schools in the country in a changing economy.

The suspected data breaches by few BPO staffers of Wipro in Kolkata is likely to impact the Bengaluru-based company’s relationship with the client TalkTalk for whom these employees were working for. The Kolkata police last week had arrested three employees of Wipro who were handling British telecom firm TalkTalk’s back-office operations out of India, on charges of stealing of customers’ data.

The recent arrest could be linked to the data breach that TalkTalk went through in October last year when around 157,000 of its customer data including their bank account details were stolen. "Following the October 2015 cyber attack, we have been conducting a forensic review to ensure that all aspects of our security are as robust as possible - including that of our suppliers," said a statement by TalkTalk published in British public broadcaster, BBC.

The earnings season so far has been by and large disappointing with most heavyweights not living up to expectations —TCS, Wipro, ITC and Idea Cellular have all turned in numbers that were below estimates — and just a couple of strong performances from Infosys and Reliance Industries. A sluggish economy, in which there is very little investment taking place and unutilised capacity remains high, has virtually killed the demand for capital goods.

Bengaluru: Cognizant Technology Solutions Corp. has done more business or added more incremental revenue in calendar year 2015 than India’s three largest software firms, including Tata Consultancy Services Ltd (TCS), Infosys Ltd and Wipro Ltd, put together—a fact which underlines why last year was bad for the poster boys of India’s $146 billion outsourcing sector.

IT major Wipro has reported a sequential dip in net profit of 0.06% for the October-December quarter, impacted primarily by the Chennai floods and a lower utilisation of its human resources, reports fe Bureau in Bengaluru. Wipro posted a net profit of Rs 2,234 crore for the third quarter, known to be a seasonally weak period, in line with analysts’ expectations, but provided a revenue growth guidance of 2-4% for the final quarter, indicating better tidings.

IT services major, Wipro, reported a 2% rise in profits to Rs 2,243 crore for the third quarter, while revenue grew 7.23% to Rs 12,860 crore.

Wipro, the third largest IT services firm, showed IT services revenue grew sequentially or over the previous quarter by 0.3% to $1.84 billion, meeting its forecast and analyst expectations. Operating margins, calculated as sales minus costs, stood at 20.2%, which was impacted marginally due to spending on backup plans during the Chennai floods.

After recent changes in its apex management, Wipro, the country's third largest information technology services company has announced some more changes to its senior leadership.

After nominating company veteran Bhanumurthy B M as president and chief operating officer, the company has decided to replace him in the earlier role with Hiral Chandrana, vice- president and head for the consumer products business unit. He is being made VP & head of business application services (BAS), which Bhanumurthy was heading as president. BAS accounts for close to half of Wipro’s overall revenue.

Wipro Ltd has named B.M. Bhanumurthy as its chief operating officer (COO), after elevating Abid Ali Neemuchwala as chief executive on 4 January, an executive familiar with the development said.

Also, as part of the latest restructuring, executive vice-chairman T.K. Kurien will oversee Wipro’s two most strategically-important business units—Wipro Digital and Business Outcome Services (BOS)—for a few months, after which Neemuchwala will take complete control of the Bengaluru-based company.

ET INTELLIGENCE GROUP: Abidali Neemuchwala has taken charge of Wipro at a time when the country's third-largest software exporter is trying hard to catch up with peers. Its stock has failed to earn returns in four out of the past five years, but rivals including TCS, Infosys, HCL Technologies and Tech Mahindra have fared much better, earning returns in at least three years in the same period.

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