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Wipro reported a decrease of 6,180 workers during the quarter. Wipro's headcount fell by 24,516 in fiscal year 24.
Sequential revenues to remain broadly flat.
Pallia sold his one hundred thousand Wipro shares through a "market sale" on February 14 of this year.
The purpose of the share acquisition was to increase the percentage of renewable energy used by the Wipro offices in Karnataka.
Former CEO of Wipro's largest and fastest-growing strategic market, Americas 1, Pallia is a Wipro veteran.
The consulting firm now anticipates full-year revenue growth to be within 1% to 3%, down from its previous estimate of 2% to 5%, signaling a subdued demand for its services due to economic headwinds.
Rowland currently serves as the Managing Partner of Capco's UK and Ireland business and is part of Capco's Global Leadership Team. Her tenure as CEO of Capco is set to commence from April 1, 2024.
The transaction is scheduled to close by the end of March 2024.
As stated by Wipro, the new technology would help businesses increase their operational efficiencies because of its speed, security, and AI-driven automation.
From 2023 to 2032, the global market for AI chips is projected to expand at a compound annual growth rate (CAGR) of 38%.
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www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.
Copyright © IIFL Securities Ltd. All rights Reserved.
Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213, IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
This certificate demonstrates that IIFL as an organization has defined and put in place best-practice information security processes.