India's third-largest software services exporter, Wipro Ltd, posted a 6 per cent rise in second-quarter profit on Tuesday, beating estimates, as revenue in its largest segment - banking, financial services and insurance - grew.
The Business Process Services (BPS) attrition in the company has increased notches by 70 basis points to 13.5% on the quarterly basis, the requlatory filing of the company revealed.
Wipro said while the top 10 accounts accelerated momentum by growing 4.3 per cent sequentially, digital revenues stood at 24.1 per cent of its IT services revenues. And the company has forecast growth between 5.8% and 8% in Q3 (revenue of $2,014-2,054 million). "We surpassed the milestone of $2 billion in quarterly revenues for IT services on the back of rigorous execution of our strategy", Wipro CEO Abidali Z Neemuchwala said. "FY18E will be the sixth successive year of single-digit Dollars revenue growth for Wipro, and it could be a challenge to hit double-digit growth even in FY19E given no visible improvement in growth guidance", he said.
'Games of Thrones' Star Sophie Turner Engaged to Joe Jonas
She's young but mature and comes from a small English town, so it's not that out of the ordinary and age doesn't create an issue. Speaking of the Jonas Brothers, both Nick and Kevin are stoked about welcoming Turner to their family.
"Our third quarter outlook has the seasonal impact of furloughs and higher leaves".
The performance was within the revenue guidance provided by the company, and in morning trades on the New York Stock Exchange, the Wipro share price was marginally down. He said the banking and financial services industry vertical was performing strongly and telecom had bottomed out. "Communications business is challenged by project completions", added Neemuchwala. Neemuchwala said the company trained over 12,000 employees on digital skills in Q2, taking the total number trained on such skills to 80,000. "We believe the company may also have made some accounting changes but would need a clarification", said an analyst with a local brokerage. An innovation centre was set up on the west coast at Mountain View in California to co-innovate with customers.
The other claims will be "thoroughly investigated" by the Victorian Commission for Gambling and Liquor Regulation , it confirmed. This money, he said, could be the proceeds of tax fraud or could end up funding terrorism.
The US District Court for the Eastern District of Texas ruled on 16 October that the patents were "invalid based on obviousness". It said that Allergan had "invoked the benefits of the patent system", but refused to accept the limitations of those benefits.
Jurgen Klopp has revealed he will not be rotating his squad for tonight's UEFA Champions League clash away to Maribor. Tuesday could be the night when Jurgen Klopp & co. finally break the duck as they visit Maribor.
The singer, who specialised in Haryana folk songs, was returning to Delhi after a show at a village in Panipat . Following the incident, a murder case was registered by the police and the investigations are underway.
One of the most important signals for that would be whether or how often - Xi is referred to as "lingxiu", or leader. Long lines were seen earlier this week at railway stations due to additional checks at transport hubs.
Popovich said he is "amazed and disappointed by so much" of what Trump has said and the job he's done running the country. But I like, I like the combination of - I like, when I can, the combination of a call and also a letter".
We had enough chances to win the game, but it wasn't a good performance from the team. "My present is very important". Chelsea are already out of the Premier League title race this season, according to Joey Barton.
Mueller's team has also met with Keith Kellogg, the interim National Security Adviser after Michael Flynn was sacked . Spicer is one of several current and former members of the Trump administration interviewed by Mueller's team.
Morgan Stanley reiterated an overweight rating on shares of Energy Transfer Equity, L.P.in a report on Tuesday, September 5th. Mai Capital Management sold 9,197 shares in quarter ending 09/30/2017 decreasing its exposure to Energy Transfer Equity, L.P.
Nifty retreats from record highs; Axis Bank slumps
The 30-scrip Sensitive Index ( Sensex ) provisionally closed 24.48 points or 0.08 per cent lower during the day's trade. Japan's Nikkei index was up 0.11 per cent, Hang Seng fell 0.07 per cent while Kospi traded 0.15 per cent higher.
Happy Diwali 2017: Images, Wishes and Greetings
Here we bring you how our television celebrities are planning to celebrate it! Illuminate your life and your home. May your friends respect you, your troubles neglect you, your family protect you, and negativity not affect you.
Kenya Electoral Official Quits Saying Vote Won't Be Credible
Odinga withdrew from the repeat poll last week, saying the election board had not carried out reforms demanded by the opposition. Her sudden resignation comes as a shocker as the country heads for repeat Presidential elections on October 26.
Rio Tinto to Vigorously Defend Fraud Allegations
When Rio Tinto acquired the Mozambique mine, its valuation was based on a plan to move rapidly into coal production. The complaint alleges Albanese then repeated and reinforced the false outlook for the project in public statements.
Seven policemen killed in Pakistan blast
Abdur Razzaq Cheema, the police chief in Quetta , says 22 people were also wounded, several critically. Cheema, the police chief, said the gunmen fired multiple shots on him before fleeing.
New Nokia 9 Concept Video leaked, shows dual rear cameras
A gif also teases a dual camera module with ZEISS branding that looks nothing like the dual camera setup found on the Nokia 8 . As far as the design of the Nokia 7 is concerned, it may feature a metallic frame along with glass or polycarbonate chassis.
Hero Mandalay Bay security guard disappears
Schuck then declined further interviews. " When the first shooting started, I was kind of frozen for a second ", Schuck said. At this time , Campos has not officially been reported as a missing person.
Blac Chyna will be suing the Kardashians for 'murder'
Blac Chyna is launching a lawsuit against her ex-boyfriend Rob Kardashian and his family over the termination of her reality show. Rob & Chyna was to complement the Kardashians' TV empire, but as their relationship soured, so too did the venture.
Nbn complaints surge 159% in FY17
About 90 per cent of grievances were from residential consumers, while nearly 12 per cent came from small businesses. NBN does not sell directly to consumers, but provides the connection that retail service providers then sell.
Ed Sheeran Cancels Upcoming Concerts Due To Injury
Ed Sheeran added that his upcoming shows scheduled in Taipei, Osaka, Seoul, Tokyo, and Hong Kong will not go ahead as planned. Earlier in the year, Ed revealed that Princess Beatrice cut his face by mistake during a costume party, with a sword!