Previous close | 5.45 |
Open | 5.60 |
Bid | 0.00 x 60000 |
Ask | 5.70 x 60000 |
Day's range | 5.60 - 5.60 |
52-week range | 4.20 - 6.00 |
Volume | |
Avg. volume | 183 |
Market cap | 30.102B |
Beta (5Y monthly) | 0.70 |
PE ratio (TTM) | 24.35 |
EPS (TTM) | N/A |
Earnings date | N/A |
Forward dividend & yield | 0.01 (0.20%) |
Ex-dividend date | 23 Jan 2024 |
1y target est | N/A |
Wipro (WIT) secures a contract from its long-term partner, Hanesbrands, to improve the latter's profitability and business growth through the acceleration of digital transformation.
India's No.4 IT services firm Wipro paid $20.1 million in annual compensation to former CEO Thierry Delaporte who resigned in April, well before his five-year term was set to end in July 2025. Wipro said the cash payment was "to enable a smooth transition, ensure business continuity and to ensure adherence to post-engagement obligations" such as maintaining confidentiality and avoiding making derogatory comments about the company. "The company would have taken into consideration the French employment laws which are vastly different than American and Indian employment laws and sided towards employees," Shriram Subramanian, the founder of proxy advisory firm InGovern Research, said.
Choudhary is leaving the company to pursue opportunities outside the organization, and May 31 will be his last day at the firm, it said in an exchange filing. His exit comes after Wipro's Asia Pacific, India, Middle East and Africa (APMEA) President Anis Chenchah stepped down last week. Both Chenchah and Choudhary were picked by former CEO Thierry Delaporte as they worked together at French tech giant Capgemini.