Premji also said Wipro has bred many CEOs that have gone out to build organisations elsewhere
Cognizant also said that former Wipro senior vice president Mohammad Haque's lawsuit has been settled with Wipro.
Wipro is seeking Rs 25 crore from Dalal for breach of non-compete clause after he joined rival Cognizant as CFO
Rishad Premji said senior leaders get incentivised and compensated well to maintain the confidentiality of what they're doing
Of the 10 top level exits at Wipro in 2023, only two executives including former CFO Jatin Dalal and former SVP Mohd Haque, both of whom joined rival Cognizant, were sued by the IT services major. Here is why:
This was in favour of Dalal's plea, who had requested the court to refer the matter to arbitration in a countermove in his application. Wipro is also seeking Rs 25.15 crore in damages from him, along with 18% interest per annum.
In a permanent injunction petition filed against Dalal at Bengaluru’s city civil court, the IT services major is also seeking damages worth Rs 25.15 crore along with 18 percent interest per annum until the payment is done
Wipro is seeking damages of Rs 25.15 crore from Dalal, along with 18 percent interest per annum until the date of payment, according to the lawsuit copy sourced by Moneycontrol.
Wipro in September announced the resignation of Jatin Dalal as CFO in a regulatory filing. The company also stated that Aparna Iyer has been appointed as the new CFO.
Dalal will replace outgoing CFO Jan Siegmund, who is retiring from the company in early 2024.
The exit of the 21-year Wipro veteran and senior leader is the ninth top-level exit in calendar year 2023.
Wipro veteran Senapaty told Moneycontrol that retaining talent will be crucial to the company regaining its growth trajectory
Aparna Iyer, the incoming Wipro CFO, takes over the reins from September 22.
Aparna Iyer, currently a senior vice president of finance at the company who was the CFO of Wipro’s FullStride Cloud Global Business Line, will be the new CFO effective September 22.
CFO Jatin Dalal said there is certainly more uncertainty or sense of caution, but isn't seeing any specific impact in Europe so far.
TCS, Infosys, Wipro, HCL Technologies and Tech Mahindra’s net workforce additions stood at around 85,720 in the fourth quarter of the last financial year
The company has been looking at acquisitions where it needs future competency, says Bhanumurthy, President and COO of the company. It is looking at acquisitions which will help in expanding geographies.
Fewer working days and client furlough are key reasons for Wipro‘s subdued growth guidance for the third quarter, says CFO Jatin Dalal in an interview to CNBC-TV18 after its third quarter guidance disappointed the street earlier in the day.
Guidance for July-September period was far below estimates as Wipro expects revenue from IT services business to be in the range of USD 1931-1950 million, a growth of 0.01-1 percent over Q1.
IT Services Revenue grew 7.6% in the year on constant ...
IT Services Revenue grew 7.6% in the year on constant ...
Almost all Indian IT companies would pay between USD 8,000 and USD 10,000 per H1B visa from April 1, when the next annual H1B visa filing session starts, thus making it quite economically unsustainable for them.
IT services revenue met analysts' muted expectations, rising 2.25 percent to Rs 12,314 crore in quarter ended December 2015 compared to Rs 12,042.8 crore in preceding quarter. A CNBC-TV18 poll had expected it at Rs 12,371 crore for the quarter.
Revenue grew by 4 percent sequentially to Rs 12,040 crore and dollar revenue increased by 2.1 percent to USD 1,831.9 million in quarter ended September 2015.
While chief executive office TK Kurien refained from giving any guidance, citing SEC rules, he says the company is more than making up for pricing pressure by hiking productivity.