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Latest news about Wipro

Wipro Launches New AI-Powered Operating Model for Enterprise Functions 2 hrs ago Today

Wipro Limited announced a new operating model combining advisory, AI, and enterprise transformation services across four core functions: People & Change, Supply Chain & Operations, Finance Transformation, and Sales, Marketing & Customer Experience. The consulting-led, AI-powered approach leverages the Wipro Intelligence™ suite to provide end-to-end accountability from strategy to execution, positioning the company as a comprehensive partner for enterprise transformation.

Wipro Partners with Factory to Accelerate Agent-Native Software Development for Global Enterprises 1 day ago Yesterday

Wipro's AI-Led Turnaround Faces Execution Delays Despite Strong Deal Momentum 7 days ago

Wipro Incorporates Wipro Business Services LLC as Step-Down Subsidiary in United States 8 days ago

ICICI Securities Maintains Hold Rating on Wipro with Target Price of ₹256 8 days ago

More news about Wipro

21Jan 26

Wipro Q3FY26 IT Services Revenue Up 1.4% QoQ; Motilal Oswal Maintains Neutral Rating with ₹275 Target

Wipro reported Q3FY26 IT services revenue of $2.60 billion with 1.4% QoQ growth, meeting analyst estimates. Adjusted PAT increased 3.6% QoQ to ₹34.00 billion, excluding one-time labor code impact. Order intake declined 30% QoQ to $3.30 billion, while large-deal TCV fell 6.2% YoY. Motilal Oswal maintains neutral rating with ₹275 target, citing need for improved execution and deal conversion.

20Jan 26

CEO rallies evaporate as investors punish Wipro and LTIMindtree amid IT sector challenges

Wipro and LTIMindtree stocks declined sharply despite beating quarterly revenue expectations, erasing most gains made under their respective CEOs. Wipro fell 9.30% over two sessions while LTIMindtree dropped 7.30%, reflecting investor concerns about tepid growth outlooks and AI-led automation pressures affecting the broader IT sector.

20Jan 26

Prabhudas Lilladher Maintains Hold Rating on Wipro with Target Price of ₹260

Prabhudas Lilladher maintains Hold rating on Wipro with ₹260 target price based on 17x FY28 EPS. Q3 revenue grew 1.4% QoQ CC, driven by Phoenix deal and Harman integration, but Q4 faces headwinds from large deal execution deferrals. Despite 77% YoY growth in large deals and 25% YoY booking growth, execution challenges persist. Revenue growth projected at -1.3%/+3.8%/+4.4% YoY CC for FY26E/FY27E/FY28E with service margins expected at 17.4%/17.1%/17.5% respectively.

20Jan 26

Wipro Q3 Results: Revenue Beats Estimates Despite Margin Pressure, Deven Choksey Sets ₹272 Target

Wipro reported Q3 revenue of ₹23,556 crores, beating estimates by 4.1% with 5.5% YoY growth driven by strong performance in Europe and APMEA. However, EBITDA margin declined to 18.6% from 19.5% in Q2 due to higher employee costs, while net profit fell 6.6% YoY to ₹3,145 crores. Despite margin pressures, Deven Choksey maintains 'Accumulate' rating with ₹272 target, projecting 3.6% revenue CAGR over FY25-27E.

19Jan 26

Wipro Announces Salary Hike Decision Coming Soon After Strong Q3 Performance

Wipro confirms salary hike decision coming after Davos return, with last increase in September 2024. Q3 results show 17.6% margins and 1.4% revenue growth, including HARMAN acquisition impact. Employee attrition declined over 2% in October-December quarter. Company hired 5,400 freshers in Q3, planning 2,000-2,500 more in Q4 for total yearly intake of 7,500-8,000 employees.

19Jan 26

Wipro Management Confident of Execution-Led Growth Despite Cautious Client Spending

Wipro management has expressed confidence in its execution-led growth strategy despite cautious client spending, providing Q4 revenue guidance of $2.63-2.68 billion. The company reported strong operating margins of 17.6% and total bookings of $3.3 billion for the quarter. CEO Srini Pallia emphasized the company's AI-first approach across its entire pipeline through Wipro Intelligence platforms, while CFO Aparna Iyer highlighted consistent margin improvements over eight quarters despite challenging market conditions.

19Jan 26

Wipro Shares Plunge 9% Following Morgan Stanley Downgrade and Revised Q4 Guidance

Wipro shares fell 9% following Morgan Stanley's downgrade to "underweight" and price target cut to ₹242 from ₹270. The company's Q4 constant currency revenue guidance of 0-2% disappointed analysts who expected 1-3% growth. Multiple brokerages expressed concerns about slower deal conversion and margin pressure from recent acquisitions, with only 11 of 47 analysts maintaining buy ratings.

16Jan 26

Wipro Submits Auditor's Reports for Q3FY26 Financial Statements with UDIN

Wipro Limited submitted auditor's reports for Q3FY26 financial statements ended December 31, 2025, to stock exchanges with required UDIN numbers. Deloitte Haskins & Sells LLP provided unqualified opinions confirming compliance with SEBI regulations and accounting standards for both standalone and consolidated results.

16Jan 26

Wipro Shares Crash 9% as Brokerages Split on Q3 Performance; Targets Cut

Wipro reported mixed Q3 results with net profit declining 7% YoY to Rs 3,119 crore while achieving 1.4% sequential constant-currency growth. The company's stock fell over 9% as brokerages delivered contrasting views, with some maintaining positive ratings citing margin improvements while others expressed concerns over weak organic growth and challenging sector conditions.

16Jan 26

Wipro Executive Addresses H-1B Visa Policy Changes and Labor Code Impact

Wipro executive discusses company's evaluation of new H-1B visa policy options while confirming no expected ongoing operational impact from recent labor code changes, reflecting the IT services sector's navigation of evolving regulatory requirements.

16Jan 26

Wipro Executive States Geopolitics Not A Major Concern Currently

A Wipro executive has stated that geopolitical issues are not currently a major concern for the IT services company. The statement reflects management's assessment that current global political dynamics are not significantly impacting their business operations or strategic outlook.

16Jan 26

Wipro Provides Q4 FY26 Revenue Guidance; Aims to Maintain Margin Range in Q4

Wipro has announced Q4 FY26 IT services revenue guidance of $2,635-2,688 million while reporting Q3 total bookings of $3,335 million. During the earnings press conference, company executives indicated their goal to maintain Q4 margins within the same range achieved in recent quarters. The company also declared an interim dividend of ₹6 per equity share, maintaining its commitment to shareholder returns despite facing operational challenges and margin pressures.

16Jan 26

Wipro Shares Rally 4% Ahead of Q3 Results as Brokerages Expect Modest Growth

Wipro shares rallied 3.7% to ₹269.80 ahead of Q3 earnings announcement. Brokerages expect modest growth with profit after tax rising just 0.4% year-on-year and revenue growing around 4% compared to the same period last year. Sequential growth is projected to remain sluggish at 0.5-1.2% quarter-on-quarter in constant currency terms, aided by recent acquisitions including Harman, though integration costs are expected to pressure margins in the near term.

15Jan 26

Wipro Limited Receives ESG Rating of 74 from ESG Risk Assessments & Insights Limited

Wipro Limited received an ESG rating of 74 from ESG Risk Assessments & Insights Limited on January 15, 2026. The rating was assigned independently without company engagement, based on public domain data. Wipro disclosed this information to BSE, NSE, and NYSE under SEBI listing regulations, with the intimation also uploaded on the company website.

15Jan 26

Wipro Q3 Preview: Revenue may rise 4% YoY; margins under pressure

Wipro is expected to report modest Q3 performance with 4% YoY revenue growth and just 0.40% profit growth. IT services revenue projected to grow 0.50%-1.20% QoQ in constant currency, supported by Harman acquisition integration. However, margins remain under pressure from furloughs, deal ramp-up costs, and integration expenses. Q4 guidance expected in 0%-3.50% range depending on analyst estimates, with focus on large deal monetization and discretionary spending outlook.

13Jan 26

Wipro Grants 24,390 ADS Restricted Stock Units to Subsidiary Employee Under 2024 Stock Scheme

Wipro Limited granted 24,390 ADS Restricted Stock Units to a subsidiary employee under its Employee Stock Options Scheme 2024, effective January 12, 2026. The units will vest per the Nomination and Remuneration Committee's approved schedule and can be exercised during the approved period. The company formally notified BSE and NSE about this grant on January 13, 2026, maintaining regulatory compliance.

07Jan 26

Wipro Tightens Hybrid Work Policy, Mandates Six Hours in Office Three Days a Week

Wipro has tightened its hybrid work policy effective January 1, 2026, mandating employees spend minimum six hours in office on three designated days per week. The company will deduct half-day leave for non-compliance, with continued violations leading to further leave reductions. While maintaining 9.5-hour standard working days, employees can complete remaining hours remotely, reflecting broader IT industry trends toward structured hybrid work arrangements.

05Jan 26

Wipro to Announce Q3FY26 Results on January 16, 2026 with Earnings Call

Wipro Limited has scheduled its Q3FY26 results announcement for January 16, 2026, following a board meeting on January 15-16. The company will host an earnings conference call at 7:00 PM IST with senior management discussing quarterly performance and answering investor questions through multiple international dial-in numbers and webcast access.

22Dec 25

Wipro Allots 94,813 Equity Shares Under Employee Stock Option Plans

Wipro Limited allotted 94,813 equity shares on December 22, 2025, under two employee stock option plans - 21,126 shares under ADS Restricted Stock Unit Plan 2004 and 73,687 shares under Restricted Stock Unit Plan 2007. The allotment followed ESOP exercises by eligible employees and was disclosed to BSE and NSE under regulatory requirements.

12Dec 25

Wipro and Google Cloud Enhance Partnership by Introducing Gemini Enterprise Worldwide

Wipro has enhanced its partnership with Google Cloud by introducing Gemini Enterprise worldwide. This strategic collaboration expansion strengthens the relationship between the IT services company and cloud provider, focusing on delivering advanced enterprise solutions globally.

12Dec 25

Wipro Announces Strategic Three-Year Partnership with Microsoft

Wipro has entered into a three-year strategic partnership agreement with Microsoft. This collaboration aims to strengthen Wipro's technology partnerships and expand its service capabilities. The partnership is expected to provide Wipro with access to advanced technology platforms and solutions from Microsoft, potentially enhancing its competitive position in the IT services sector.

12Dec 25

Wipro Partners Microsoft for AI-Powered Enterprise Transformation

Wipro Limited has announced a three-year strategic partnership with Microsoft to transform enterprises into AI-powered Frontier Firms. The collaboration combines Wipro's consulting expertise with Microsoft's cloud and AI platforms. Key aspects include: launching a Microsoft Innovation Hub at Wipro's Partner Labs in Bengaluru, deploying over 50,000 Microsoft Copilot licenses, upskilling 25,000+ Wipro employees in Microsoft technologies, and developing industry-specific AI solutions across sectors like Financial Services, Retail, Manufacturing, and Healthcare Life Sciences.

11Dec 25

Citi Maintains SELL Rating on Wipro with Target Price of ₹220

Citi has maintained its SELL rating on Wipro with a target price of ₹220, reflecting the brokerage's cautious stance on the IT services company's stock performance and indicating potential downside risk from current levels.

02Dec 25

Wipro Streamlines Operations: Digital Inc. Merges with Harman Connected Services

Wipro Limited has announced the merger of its wholly-owned subsidiary, Wipro Digital Inc., with its step-down subsidiary, Harman Connected Services Inc., effective December 1, 2025. This corporate action aims to rationalize and consolidate Wipro's group structure, potentially enhancing operational efficiency and streamlining operations. Harman Connected Services Inc., specializing in IT and Engineering, Research & Development services, reported a turnover of USD 223,538,898 as of December 31, 2024. Wipro has informed stock exchanges about this development in compliance with SEBI regulations.

01Dec 25

Wipro Updates Fair Disclosure Code to Align with SEBI's Insider Trading Regulations

Wipro Limited has updated its Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information. The policy aligns with recent SEBI amendments, ensuring uniform disclosure of price-sensitive information, defining guidelines for legitimate information sharing, and outlining procedures for analyst and investor interactions. The updated code is accessible on Wipro's website, demonstrating the company's commitment to corporate governance and regulatory compliance.

27Nov 25

Wipro Secures Multi-Year AI-Powered IT Modernization Deal with Odido Netherlands

Wipro Limited has announced a multi-year engagement with Odido Netherlands B.V. to transform its IT landscape and enhance customer experience. Wipro will lead a full-scale modernization of Odido's digital and enterprise technology landscape using AI-powered platforms like WEGA and WINGS. The deal features a self-funded model where productivity-driven savings will be reinvested in new digital initiatives. Wipro's approach aims to improve customer engagement, enhance productivity, and streamline operations to reduce costs. The collaboration includes Wipro's experience-led studio model, powered by Designit, to accelerate time to market and deliver high-quality digital experiences.

26Nov 25

Wipro Forges Strategic Alliance with IISc for AI Research, Bolstering Innovation Capabilities

Wipro Limited has announced a strategic partnership with the Indian Institute of Science (IISc) to establish a joint artificial intelligence research program. The collaboration aims to advance AI research capabilities and strengthen Wipro's technology innovation efforts. The partnership will focus on cutting-edge AI research and exemplifies the growing trend of industry-academia collaboration in driving technological advancements. Wipro's strong financial position, with significant growth in assets and investments over the past year, provides a solid foundation for this strategic initiative.

19Nov 25

Wipro Grants 35,461 ADS Restricted Stock Units to Subsidiary Employees

Wipro Limited has granted 35,461 American Depositary Share Restricted Stock Units to identified employees of its subsidiary company under the Employee Stock Options, Performance Stock Unit and Restricted Stock Unit Scheme 2024. The grant, effective December 16, 2025, will vest according to schedules approved by the Nomination and Remuneration Committee, demonstrating the company's commitment to equity-based compensation and regulatory compliance.

13Nov 25

Wipro Allots 3.96 Lakh Equity Shares Under Employee Stock Plans on December 15

Wipro Limited has allotted 3,95,874 equity shares under its employee stock option plans on December 15, 2025, with the majority (2,52,134 shares) issued under the ADS Restricted Stock Unit Plan 2004 and 1,43,740 shares under the Restricted Stock Unit Plan 2007. The company has informed both BSE and NSE about this allotment, demonstrating its commitment to regulatory compliance and employee incentivization strategies.

03Nov 25

Wipro Completes Divestment of Drivestream India Stake for ₹18.03 Crore

Wipro Limited has successfully completed the divestment of its entire stake in Drivestream India Private Limited to Drivestream Inc for ₹18.03 crore. The transaction, initially announced on November 3, 2025, was executed on December 23, 2025, with completion confirmation received on January 6, 2026. The sale involved 350,776 equity shares and represents part of Wipro's portfolio optimization strategy with minimal financial impact on overall operations.

31Oct 25

Wipro to Mark 25 Years on NYSE with Bell Ringing Ceremony, Launches AI-Powered Platform

Wipro Limited will commemorate its 25th anniversary of NYSE listing and launch its new AI-powered platform, Wipro Intelligence™, with a bell-ringing ceremony at the New York Stock Exchange on October 31, 2025. The event, led by Executive Chairman Rishad Premji and CEO Srini Pallia, also marks 80 years since Wipro's founding. The company has grown from a small vegetable oil business to a global technology consulting firm with over 230,000 employees across 65 countries.

29Oct 25

Wipro Inks Long-Term AI-Driven IT Deal with HanesBrands, Marking Strategic Shift

Wipro Limited has entered into a multi-year strategic agreement with HanesBrands Inc. to transform the latter's IT infrastructure and cybersecurity operations using AI. The partnership will leverage Wipro's Intelligence™ WINGS platform to streamline operations, enhance cybersecurity, reduce costs, and provide access to innovation. This engagement is part of HanesBrands' IT 2.0 transformation initiative, aiming to move towards a unified, AI-led managed services model.

17Oct 25

Wipro Shares Drop 4.48% Despite Strong Q2 Results and Record Deal Bookings

Wipro Limited reported Q2 revenue of $2,604.3 million, up 0.7% quarter-on-quarter. Large deal bookings surged 90.5% year-on-year to $2.9 billion. IT services operating margin was 16.7%, with adjusted margin at 17.2%. Europe and APMEA segments showed growth, while Americas 2 declined. Despite positive results, Wipro's shares fell 4.48% to ₹242.44, possibly due to concerns about future guidance and mixed analyst opinions.

16Oct 25

Wipro Secures Two Major Deals Worth Over $500 Million Each in Q2

Wipro Limited has announced signing two significant deals, each valued at over $500 million, during the second quarter of the fiscal year. These high-value contracts, likely to be comprehensive and long-term engagements, could strengthen Wipro's position in the IT services market and potentially impact future revenue streams. While specific details about the deals and clients remain undisclosed, the contracts suggest ongoing investment in digital transformation and IT modernization by global enterprises.

16Oct 25

Wipro Executive Highlights Growth in Banking Sector Driven by Cost-Optimization and AI Solutions

A Wipro executive highlighted the company's progress in the banking and financial services sector, attributing growth to cost-optimization projects and agentic AI solutions. The company is strategically positioning itself by addressing cost reduction needs and technological advancement through AI implementation. Despite a 4.0% year-over-year decline, the banking, financial services, and insurance segment remains Wipro's largest, accounting for 34.3% of total revenue for Q2 FY25-26.

16Oct 25

Wipro Projects Q3 IT Services Revenue Between $2.59-2.64 Billion, Reports Q2 Results and $4.69 Billion Bookings

Wipro Limited announced its Q2 FY24 results with a 1.80% YoY increase in gross revenue to ₹227.00 billion. Net income grew by 1.20% to ₹32.50 billion. Large deal bookings surged 90.50% YoY to $2.90 billion. IT Services segment revenue declined 2.10% YoY but showed growth in Europe and APMEA markets. The company maintained steady operating margins and strong cash flows. Wipro also announced the acquisition of HARMAN's Digital Transformation Solutions business for $375 million.

15Oct 25

Wipro Anticipates Modest Growth in Q2 FY24 Amid Market Challenges

Wipro Limited is scheduled to release Q2 FY24 results on October 16. Analysts project a 4% year-on-year increase in net profit and a 2% rise in revenue. Revenue growth is expected to be 0-0.5% quarter-on-quarter, aligning with the company's guided range of -1% to +1% constant currency growth. EBIT margin is anticipated to decline by 30-40 basis points year-on-year. The performance is influenced by weak discretionary spending, pricing pressure on large deals, and costs associated with deal ramp-ups. Wipro is expected to guide 0-2% constant currency growth for the December quarter. The total contract value of large deals is estimated at $1.50 billion.

01Oct 25

Wipro to Dissolve Aasonn Philippines Inc. for Group Restructuring

Wipro Limited has announced the voluntary dissolution of its stepdown subsidiary, Aasonn Philippines Inc., effective October 1, 2025. This strategic move aims to streamline and improve the group's overall structure. Aasonn Philippines Inc. had no revenue from operations or net worth contribution as of March 31, 2025, indicating minimal financial impact on Wipro's operations. The dissolution is part of Wipro's efforts to optimize its corporate structure and enhance operational efficiency.

25Sept 25

Wipro's Azim Premji Declines Karnataka CM's Campus Road Access Proposal

Wipro founder Azim Premji has declined Karnataka Chief Minister Siddaramaiah's proposal to allow public road access through the company's Sarjapur campus to ease traffic congestion. Premji cited legal, operational, and security challenges due to the campus's Special Economic Zone status. Instead, he proposed a data-driven study by urban transport experts to develop sustainable mobility solutions, offering to fund a substantial portion of the study costs.

24Sept 25

Wipro Streamlines Middle East Operations: Grove Holdings Transfers Capco Consulting Stake

Wipro Limited has completed an internal restructuring of its Middle East operations. The company's step-down subsidiary, Grove Holdings 2 S.á.r.l., has transferred its entire stake in Capco Consulting Middle East FZE to Wipro IT Services UK Societas, a wholly-owned subsidiary of Wipro. The transfer, effective September 19, aims to rationalize and simplify Wipro's group structure and enhance operational efficiency. As a result, Wipro IT Services UK Societas now holds 100% stake in Capco Consulting Middle East FZE. Additionally, Wipro allotted equity shares under its employee stock option plans on September 24.

23Sept 25

Karnataka CM Proposes Wipro Campus Road Opening to Ease Bengaluru Traffic

Karnataka Chief Minister Siddaramaiah has requested Wipro Founder-Chairman Azim Premji to allow limited vehicular movement through the Wipro campus to reduce traffic congestion at Bengaluru's Iblur junction. The proposal, outlined in a letter dated September 19, aims to address the city's growing traffic challenges. Urban mobility experts estimate this could reduce congestion on nearby stretches by up to 30% during peak hours. The initiative comes as Bengaluru drivers spend an average of 28 minutes to cover 10 kilometers, according to a recent TomTom Traffic Index report. The CM is open to further discussions with Wipro to develop a mutually acceptable plan, considering both traffic management and the company's security needs.

15Sept 25

Wipro Unveils AI-Powered CyberShield MDR in Expanded Partnership with CrowdStrike

Wipro Limited has expanded its partnership with CrowdStrike to introduce Wipro CyberShield MDR, an AI-powered unified managed security service. The service combines CrowdStrike's Falcon Next-Gen SIEM with Wipro's cybersecurity expertise to offer enhanced threat visibility, AI-driven automation, and simplified operations. It addresses modern security challenges by consolidating data from various sources and leveraging advanced AI capabilities. The service will be managed from eight global Cyber Defense Centers and is set to debut at the CrowdStrike Fal.Con event.

12Sept 25

Wipro CTO: Agentic AI Gaining Mainstream Traction as Enterprise Risks Are Addressed

Wipro Limited is at the forefront of the agentic AI revolution, developing frameworks to address enterprise risks and creating proprietary AI solutions like WDIS and Vega. The company employs a 'client zero' approach, testing AI solutions internally before client deployment. Wipro is integrating AI across its operations and investing in workforce reskilling, covering areas such as prompt engineering and responsible AI practices. The company has established an Innovation Network, collaborating with internal researchers, startups, and technology partners to drive client-focused innovation in AI.

10Sept 25

Wipro Shares Surge 2.83% Amid IT Sector Rally and Share Allotment

Wipro's stock climbed 2.83% to ₹256.21, becoming the second-best performer in the IT sector. The rally was driven by Infosys' share buyback announcement and a weakening rupee. Wipro's stock reached an intraday high of ₹257.17 with robust trading volumes. The company recently allotted new equity shares under its employee stock option plans. The Nifty IT index rose over 2%, with all constituents trading positively, despite being down 19% year-to-date.

05Sept 25

Wipro Expands Google Cloud Partnership with Gemini Enterprise Adoption

Wipro has significantly expanded its strategic partnership with Google Cloud through the adoption of Gemini Enterprise across its global operations and the launch of the Google Cloud Gemini Experience Zone at its Bengaluru Partner Labs. The initiative showcases over 200 production-ready AI agents across multiple industries and represents Wipro's commitment to driving enterprise AI transformation through its Wipro Intelligence suite.

26Aug 25

Wipro Shares Worth Rs. 120.53 Crores Traded in NSE Block Deal

Wipro Ltd. experienced a significant block trade on the NSE, with 4,787,868 shares traded at Rs. 251.75 per share, totaling Rs. 120.53 crores. The company has also announced upcoming investor events, including Citi's 2025 Global TMT Conference in New York on September 5, and a Non-Deal Road Show in San Francisco on September 8.

22Aug 25

Wipro Targets Growth Through ER&D Focus and Equity Allotment

Wipro is strategically focusing on its Engineering Research & Development (ER&D) segment for future growth, adopting an inorganic growth approach similar to industry peers. The company recently allotted 98,138 equity shares under its Restricted Stock Unit Plan 2007 on August 20, 2025, as part of its employee stock ownership plan. This move aligns with Wipro's efforts to strengthen its position in the competitive IT services landscape.

21Aug 25

Wipro Expands ER&D Capabilities with $375 Million Acquisition of Harman Connected Services

Wipro Limited has signed an agreement to acquire Harman Connected Services Inc. (DTS) for up to $375 million. The acquisition will enhance Wipro's Engineering Research & Development and IT services capabilities, adding expertise in embedded software, digital engineering, and device engineering. DTS brings over 5,600 employees across 14 countries and has shown steady revenue of around $310-315 million annually in recent years. The deal is expected to close by December 31, 2025, subject to regulatory approvals.

11Aug 25

Wipro and AusNet Transform Energy Sector with Successful SAP S/4HANA Cloud Implementation

Wipro Limited has successfully implemented SAP S/4HANA Cloud Private Edition for AusNet, Victoria's largest energy network business. The project, completed in 18 months, replaces legacy systems with an integrated cloud platform, enhancing operational efficiency and field productivity. The implementation includes tailored geospatial mapping tools and advanced asset management solutions for improved field operations. This transformation involved interfacing with over 1,600 users and 50 energy retailers, setting a new benchmark for ERP upgrades in the utilities sector.

06Aug 25

Wipro Establishes New Wholly-Owned Subsidiary in the United States

Wipro Limited has incorporated a new wholly-owned subsidiary, Wipro Digital Inc., in the United States, effective August 4, 2025. The subsidiary aims to explore new business opportunities in IT consulting and services. Wipro also granted 111,940 ADS Restricted Stock Units to an employee under its 2024 stock option scheme, effective August 6, 2025.

25Jul 25

Wipro Streamlines Operations: Hungarian Subsidiary Liquidated as Company Secures Major Saudi Contract

Wipro Limited has voluntarily liquidated its Hungarian subsidiary, Wipro Holdings Hungary Korlátolt Felelősségű Társaság, effective July 23, 2025, as part of its effort to rationalize its group structure. The subsidiary had no operational revenue and represented 0.02% of Wipro's net worth. Additionally, Wipro has won a multi-year strategic contract from Saudi Electric Company – National Grid SA to implement a Smart Meter Data Management system for the transmission network. This project aims to modernize the client's meter data platform, enhance operational efficiencies, and improve risk management, aligning with Saudi Arabia's Vision 2030.

24Jul 25

Wipro Secures Multi-Year Smart Meter Contract from Saudi National Grid, Reports Q1 Results

Wipro Limited has won a multi-year strategic contract with Saudi Electric Company - National Grid SA to implement a Smart Meter Data Management system. The project aims to enhance grid stability, improve operational efficiencies, and optimize power dispatch. Wipro will design, develop, and support the infrastructure and smart applications for the new system, which is expected to contribute to Saudi Arabia's Vision 2030. In its recent Q1 results, Wipro reported a 2% sequential revenue decline, 17.5% margins, and a 24.1% increase in total bookings to $4,971 million.

24Jul 25

Wipro Secures Multi-Year Smart Grid Contract from Saudi Electric Company

Wipro Limited has been awarded a multi-year strategic contract by Saudi Electric Company - National Grid SA to implement a Smart Meter Data Management (MDM) system. The project aims to modernize Saudi Arabia's power infrastructure, offering benefits such as real-time monitoring, improved grid stability, intelligent forecasting, proactive maintenance, and enhanced energy usage visibility. The implementation is expected to optimize power dispatch, reduce operational costs, minimize outages, and improve end-user experience. Wipro's CEO for Asia Pacific, India, Middle East & Africa, Vinay Firake, emphasized the project's alignment with Saudi Arabia's Vision 2030.

23Jul 25

Wipro Reports Mixed Q1 Results Amid Rising Attrition and Workforce Reduction

Wipro's Q1 results reveal increased attrition rates and a reduced workforce. The company faces softer demand from the US market, potentially affecting fresher hiring and salary increases. This trend aligns with other major Indian IT firms, except for HCL Technologies. Wipro's future strategies will be crucial as it navigates global headwinds and market volatility.

21Jul 25

Wipro Reports 10.9% YoY Net Profit Growth, Secures $5 Billion Order Book

Wipro's latest quarterly results show a 10.9% year-on-year increase in net profit and improved operating margins of 17.30%. The company secured a substantial $5 billion order book, including a single large deal worth $2.75 billion. While IT services dollar revenue slightly declined by 0.30% sequentially, Wipro won 16 large deals and saw a 24% increase in large deal bookings. The board approved an interim dividend of Rs 5.00 per share. Despite softness in some sectors, the company maintains a strong pipeline in banking and financial services. Wipro is investing in Gen-AI training and expects a stronger second half based on current bookings and deal execution timelines.

18Jul 25

Wipro Reports Q1 Results: Mixed Performance with Strong Deal Momentum

Wipro Limited announced its Q1 financial results, showing a 7% YoY decrease in consolidated net profit to ₹3,336.00 crore and a 1.65% YoY decline in revenue to ₹22,134.00 crore. Despite these declines, the company reported strong deal momentum with total bookings up 50.7% YoY to $4,971.00 million. Large deal bookings increased significantly by 130.8% YoY to $2,666.00 million. The company secured strategic deals across various sectors and declared an interim dividend of ₹5.00 per equity share/ADS. For Q2, Wipro expects IT Services revenue to be between $2,560.00 million to $2,612.00 million.

17Jul 25

Wipro Reports Q1 Results: Revenue Dips 2.3% YoY, Focuses on AI-Powered Transformation

Wipro's Q1 results show a 2.3% YoY revenue decline to $2,587.40 million, but net income increased 10.9% to ₹33.30 billion. Operating margin improved to 17.3%. Total bookings grew 50.7% YoY to $4,971.00 million, with large deal bookings up 130.8%. The company is focusing on AI-powered solutions and expects Q2 revenue between $2,560.00-$2,612.00 million. An interim dividend of ₹5.00 per share was declared. Wipro is investing in AI capabilities and sustainability initiatives.

17Jul 25

Wipro Aims to Hire 10,000 New Graduates Amid Strong Financial Performance

Wipro Limited plans to hire 10,000 new graduates in the current fiscal year. The company reported impressive Q1 FY2026 results with revenue at ₹221.30 billion, a 0.80% year-on-year increase, and net income growing by 10.90% to ₹33.30 billion. Wipro demonstrated strong deal-winning capabilities with total bookings of $4,971.00 million, up 50.70% year-on-year. The company expects IT Services revenue between $2,560.00 million to $2,612.00 million for the next quarter. An interim dividend of ₹5.00 per equity share/ADS was declared.

17Jul 25

Wipro Reports Q1 Results: Revenue Dips 2.3% YoY, Declares Interim Dividend

Wipro Limited announced its Q1 FY2024 results. Revenue decreased 2.3% YoY to ₹221.30 billion, while net income grew 10.9% to ₹33.30 billion. IT Services revenue fell 1.5% YoY to $2,587.40 million. Operating margin expanded by 0.8% to 17.3%. Total bookings increased 50.7% YoY to $4,971.00 million, with large deal bookings up 130.8%. The company declared an interim dividend of ₹5.00 per share. For Q2, Wipro expects IT Services revenue between $2,560.00-$2,612.00 million.

17Jul 25

Wipro Reports Q1 Results: Revenue Dips 2.3% YoY, Large Deal Bookings Surge 131%

Wipro's Q1 FY2024 results show revenue of ₹221.30 billion ($2,581.60 million), down 1.6% QoQ but up 0.8% YoY. IT Services segment revenue was $2,587.40 million, decreasing 0.3% QoQ and 1.5% YoY. Operating margin improved to 17.3%, up 0.8% YoY. Net income reached ₹33.30 billion ($388.40 million), down 6.7% QoQ but up 10.9% YoY. Large deal bookings surged to $2,666.00 million, growing 49.7% QoQ and 130.8% YoY. BFSI remained the largest revenue contributor at 33.6%. For Q2, Wipro projects IT Services revenue between $2,560.00 million to $2,612.00 million.

17Jul 25

Wipro Projects Q2 FY26 Revenue of $2.56-2.61 Billion, Reports Strong Q1 Order Bookings

Wipro expects IT Services revenue of $2.56-2.61 billion for Q2 FY26, projecting -1.0% to 1.0% sequential growth in constant currency. Q1 FY26 order bookings reached $4.97 billion TCV, showing significant increase. CEO Srinivas Pallia highlighted 16 large deals, including two mega deals, amid macroeconomic uncertainty. The company focuses on AI-powered solutions and consulting-led engagements for growth.

17Jul 25

Wipro Declares ₹5 Interim Dividend for Q1 FY2026, Reports Steady Financial Performance

Wipro declared an interim dividend of ₹5 per equity share for Q1 FY2026. The company reported revenue of ₹221.30 billion, up 0.80% YoY. Net income increased by 10.90% YoY to ₹33.30 billion. Total bookings grew by 50.70% YoY, with large deal bookings up 130.80%. IT Services Operating Margin improved by 0.80% YoY. For Q2, Wipro projects IT Services revenue between $2,560 million to $2,612 million.

17Jul 25

Wipro Reports Q1 Results: Revenue Dips, Declares Interim Dividend Amid AI-Driven Transformation

Wipro Limited announced its Q1 FY2024 results, reporting a 1.6% QoQ decrease in revenue to ₹221,346 million ($2,581.60 million), but a 10.9% YoY increase in net income to ₹33,304 million ($388.40 million). The company's operating margin improved by 0.8% YoY to 17.30%. Total bookings grew by 24.10% QoQ and 50.70% YoY in constant currency. The Board declared an interim dividend of ₹5 per equity share/ADS. Wipro is focusing on becoming an AI-powered organization, having built over 200 AI agents. For Q2, the company expects IT Services revenue between $2,560 million to $2,612 million.

16Jul 25

Wipro Ltd: Q1 Revenue Expected to Dip Despite New European Contracts

Wipro Ltd is set to announce its Q1 FY26 financial results on July 17. Despite securing major contracts in Europe during the April-June quarter, the company is expected to report a slight decrease in both revenue and operating margin. The anticipated decline, even with new contract wins, may indicate broader challenges in the Indian IT sector.

16Jul 25

Wipro Executive Highlights Steady Demand Amid Uncertain Business Environment

A senior Wipro executive reports stable demand for IT services but notes an uncertain business environment. The executive cites tariffs and geopolitical issues as key factors contributing to the uncertainty. While there's no significant deterioration or improvement in demand, the IT sector faces challenges in navigating global trade tensions and geopolitical complexities.

15Jul 25

Wipro Braces for Subdued Q1 FY2026 Performance Amid Weak Client Spending

Wipro Ltd is set to release its Q1 FY2026 results on Thursday, with analysts anticipating a muted performance. A sequential revenue decline is projected due to weak client spending, especially in European markets. Q2 guidance is forecasted between -1.50% to 0.50% sequential growth. Margin pressure is expected due to lower utilization and limited pricing power. This performance reflects broader trends in the IT services sector as companies reassess technology spending amid economic uncertainties.

27Jun 25

Wipro Set to Acquire Majority Stake in French Aerospace Supplier Lauak

Wipro, an Indian IT and consulting company, is reportedly acquiring a 51% stake in Lauak, a French aerospace supplier. This strategic move marks Wipro's expansion into the aerospace sector, potentially diversifying its portfolio beyond core IT services. The acquisition could enhance Wipro's presence in the European aerospace market, provide access to Lauak's expertise and client base, and create opportunities for technological synergies between IT and aerospace sectors.

23Jun 25

Wipro Extends Investment Completion Timeline for Ampin Energy C&I One

Wipro has announced an extension to the expected completion date of its investment in Ampin Energy C&I One Pvt Ltd. The deal, originally set to conclude by June 30, 2025, is now anticipated to be completed by March 31, 2026, adding a nine-month extension to the timeline. The investment signifies Wipro's interest in diversifying its portfolio, potentially in the commercial and industrial energy sector.

16Jun 25

Wipro Faces Potential Business Impact as Major Client Marelli Files for Bankruptcy

Wipro Limited, a leading Indian IT services company, is facing a potential business challenge as one of its major clients, Marelli, a prominent player in the global automotive industry, has filed for bankruptcy. This development could impact Wipro's revenue stream and project pipeline, particularly in the automotive and manufacturing sectors. The situation may lead to uncertainty in ongoing projects, potential reduction in future business opportunities, and possible financial implications for Wipro. The company has not yet released an official statement regarding this development.

13Jun 25

Wipro Report: US Insurers Set to Double AI Investment in Coming Years

Wipro Limited has released a report titled 'The AI Advantage: Building Tomorrow's Insurance Enterprise', revealing that US insurance companies plan to increase their AI investment from 8% to 20% of IT budgets within the next 3-5 years. This significant increase in AI adoption is expected to enhance operational efficiency, improve risk assessment, personalize customer experiences, advance fraud detection, and drive innovation in insurance products and services.

12Jun 25

Wipro Reports U.S. Insurance Firms Set to Triple AI Investment in IT Budgets

Wipro Limited's report indicates that U.S. insurance companies plan to increase their AI allocation in IT budgets from 8% to 20% over the next 3 to 5 years. This significant boost in AI investment is expected to drive innovation in risk assessment, claims processing, customer service, and data analytics within the insurance sector. Wipro, as a global IT services provider, is well-positioned to benefit from this trend.

11Jun 25

Wipro Shares Surge in Trading Volume with 72.6 Million Shares Changing Hands

Wipro Limited experienced significant trading activity with approximately 72.6 million shares changing hands through four block trades. This resulted in a 1.7% change in the company's equity structure. The large-scale transactions suggest heightened interest from institutional investors or major stakeholders, potentially influencing investor sentiment and the stock's short-term performance.

11Jun 25

Wipro Extends Strategic Partnership with Metro AG for Two More Years

Wipro Limited has renewed its strategic alliance with Metro AG, a leading international wholesale company, for an additional two years. The extended partnership involves Wipro continuing to provide integrated digital services to support Metro AG's digital transformation efforts and operational efficiency. This renewal secures a steady revenue stream for Wipro and reinforces its position in the global IT services market, particularly in the retail and wholesale sector.

10Jun 25

Wipro Extends Strategic Partnership with Metro AG for Two More Years

Wipro Limited has extended its partnership with Metro AG, a global food wholesaler, for two more years. Wipro will continue providing integrated digital services including cloud solutions, data management, application development, and AI-enabled IT support. The collaboration has already resulted in 80% of Metro's on-premise infrastructure being migrated to the cloud, enhancing customer responsiveness and cyber resilience. This extension underscores the success of their existing collaboration and Wipro's expertise in digital transformation within the retail sector.

10Jun 25

Wipro Extends Strategic Partnership with Metro AG for Two More Years

Wipro Limited has extended its collaboration with Metro AG, a leading international wholesale company, for an additional two years. Wipro will continue to provide integrated digital services to support Metro's digital transformation and operational efficiency. This extension reinforces Wipro's position in the global retail technology landscape and is expected to strengthen its foothold in the European market. While specific financial details were not disclosed, the partnership is likely to contribute positively to Wipro's service revenue.

09Jun 25

Wipro Strengthens Middle East Presence: Relocates Regional HQ to Riyadh

Wipro has moved its Middle East regional headquarters from Al Khobar to Riyadh, Saudi Arabia. Mohamed Mousa has been appointed as the Managing Director for the Middle East region. The company signed an MoU with Prince Mohammad Bin Fahd University to establish a Center of Excellence in Riyadh for training local talent. This move aligns with Saudi Arabia's Vision 2030 and positions Wipro to contribute significantly to the kingdom's digital transformation efforts.

09Jun 25

Wipro Strengthens Middle East Presence with New Riyadh Headquarters

Wipro has moved its Middle East regional headquarters to Riyadh, Saudi Arabia, strengthening its presence in the region. The company also signed an MoU with Prince Mohammad Bin Fahd University to establish a Center of Excellence in Riyadh. This center aims to develop local tech talent, drive innovation, create jobs for Saudi nationals, and support the kingdom's digital transformation goals. The move aligns with Saudi Arabia's Vision 2030 initiative and positions Wipro to better serve regional clients and tap into the growing technology market in the Middle East.

09Jun 25

Wipro Shares Surge on ₹5,057 Crore Block Deal

Wipro Ltd experienced a share price increase of up to 2% following a significant block deal. The transaction involved 20.23 crore shares, representing approximately 2% of the company's outstanding equity, executed at ₹250.00 per share. The total value of the deal amounted to ₹5,057.00 crore. The identities of the parties involved in the transaction remain undisclosed. The positive stock price reaction suggests favorable market sentiment towards this development.

09Jun 25

Wipro Witnesses Massive Block Trade of 201.9 Million Shares

A significant block transaction involving 201.9 million shares of Wipro (NSE: WIPRO) has occurred, attracting market attention. This large-scale trade represents a substantial portion of Wipro's outstanding shares and could indicate shifts in ownership or investment strategies. The transaction demonstrates high liquidity in Wipro's stock and may suggest strong institutional interest. While the reasons for the trade are undisclosed, it highlights the dynamic nature of the market and ongoing interest in Wipro shares.

29May 25

Wipro Expands Global Innovation Network with New Tech Centers and Bengaluru Lab

Wipro Limited has announced the launch of its global 'Wipro Innovation Network' to accelerate co-innovation with clients. The company plans to open new innovation centers in London, Dubai, Sydney, and a second center in the US within the first quarter. These centers will focus on frontier technologies like AI, Quantum Computing, and Digital Ledger Technology. Wipro has also inaugurated a 60,000 square feet innovation lab in Bengaluru, India, designed to advance the company's AI-powered vision. This global initiative aims to reshape collaborative technological advancement in the IT services sector.

27May 25

Wipro Expands Footprint: New Subsidiary Established in Tianjin, China

Wipro Limited has incorporated a new step-down subsidiary in Tianjin, China, marking a significant move in its international expansion strategy. The subsidiary's establishment in this major industrial and port city suggests Wipro's intent to enhance its presence in the Chinese market. While specific details about the subsidiary's operations and investment scale remain undisclosed, this move could potentially provide Wipro with improved market access, industrial synergies, and access to a skilled workforce in China.

14May 25

Wipro Secures Digital Transformation Deal with Hachette UK

Wipro Limited has announced a partnership with Hachette UK to implement SAP S/4HANA, marking a significant step in Hachette UK's digital transformation journey. This collaboration aims to enhance Hachette UK's business operations through advanced technology solutions. The implementation is expected to streamline operations, enhance decision-making capabilities, and provide scalability for future growth in the publishing industry.

29Apr 25

Wipro Secures IT Ecosystem Management Deal with Vorwerk, Boosting Digital Transformation Efforts

Wipro Limited has announced a five-year partnership with Vorwerk, a leading European direct sales company, to manage and transform its IT ecosystem. Wipro will use AI-powered infrastructure operations to enhance Vorwerk's operations, consolidate business applications, infrastructure, and cybersecurity onto a unified monitoring platform. The collaboration aims to improve visibility, operational efficiency, cybersecurity, customer engagement, product standardization, and time to market. Wipro will also build an end-to-end support portal to enhance user experience.

28Apr 25

Wipro Secures Major IT Transformation Deal with Vorwerk

Wipro Limited has announced a five-year partnership with Vorwerk to manage and transform the European company's IT ecosystem. Wipro will implement AI-powered solutions, consolidate Vorwerk's business applications, infrastructure, and cybersecurity onto a unified platform, and develop a technology roadmap for intelligent products. The collaboration aims to enhance operational efficiency, improve cyber-risk management, and enrich customer engagement.

25Apr 25

Wipro Launches GitHub Center of Excellence to Boost AI Innovation

Wipro Limited has established a GitHub Center of Excellence in Bengaluru to accelerate AI innovation capabilities. The CoE, part of Wipro's ai360 initiative, will integrate tools like Microsoft M365 and GitHub Copilot into software engineering processes. Wipro will deploy AI champions and offer training initiatives to equip associates with GitHub expertise. This move aims to enhance collaboration, productivity, and efficiency in development teams, promising faster delivery of high-quality solutions and reduced time-to-market for clients.

24Apr 25

Wipro Unveils GitHub Center of Excellence to Propel AI Innovation

Wipro Limited has established a GitHub Center of Excellence in Bengaluru as part of its ai360 initiative. The CoE aims to accelerate AI innovation by integrating advanced tools like Microsoft M365 and GitHub Copilot into software engineering processes. It will feature AI champions, comprehensive training, standardized development practices, and a Community of Practice. This move is expected to enhance collaboration, productivity, and efficiency in AI development, ultimately benefiting clients through faster delivery and more innovative solutions.

17Apr 25

Wipro Reports Q4 and FY2025 Results: Net Income Grows 25.9% YoY in Q4

Wipro Limited announced its Q4 and FY2025 financial results. Q4 gross revenue increased 0.80% QoQ to ₹225.00 billion, while IT Services segment revenue decreased 1.20% QoQ. Net income rose 6.40% QoQ to ₹35.70 billion. For FY2025, gross revenue decreased 0.70% YoY, but net income increased 18.90% YoY. Large deal bookings grew 48.50% YoY in Q4. The company expects Q1 FY2026 IT Services revenue to be between $2,505.00 million and $2,557.00 million, projecting a -3.50% to -1.50% sequential growth in constant currency.

16Apr 25

Wipro Reports Strong Q4 and FY25 Results Amid BFSI Challenges in Europe

Wipro Limited announced its Q4 and FY25 financial results, showing resilience despite headwinds. Q4 IT Services revenue declined 1.20% QoQ to ₹224,453 million, while Net Income increased 6.40% QoQ to ₹35,696 million. FY25 IT Services revenue decreased 2.70% YoY, but Net Income grew 18.90% YoY. The company secured two mega deals and improved client satisfaction scores. However, Wipro faces challenges in the European BFSI sector. Q1 FY26 guidance projects IT Services revenue between $2,505-$2,557 million, indicating a -3.50% to -1.50% sequential change in constant currency.

16Apr 25

Wipro Reports Mixed Q4 Results: Capco Growth Offset by Global Uncertainty

Wipro Limited reported mixed Q4 FY25 results with gross revenue up 1.30% YoY to ₹225.00 billion. Net income increased 25.90% YoY to ₹35.70 billion. Capco subsidiary grew 11.50% YoY. Total bookings rose 13.40% QoQ to $3,955.00 million. IT services segment revenue declined 2.30% YoY. The company acknowledged global industry uncertainty affecting client IT investments. Wipro provided Q1 FY26 IT Services revenue guidance of -3.50% to -1.50% in constant currency terms.

16Apr 25

Wipro Reports Q4 FY2025 Results: Net Income Grows 6.4% QoQ, Revenue Remains Flat

Wipro Limited announced its Q4 and FY2025 financial results. Q4 gross revenue increased 0.80% QoQ to ₹225.00 billion, while net income grew 6.40% QoQ to ₹35.70 billion. IT Services revenue declined 1.20% QoQ. For FY2025, gross revenue slightly decreased by 0.70% YoY, but net income rose 18.90% YoY. The company reported improved margins and significant growth in large deal bookings. However, Wipro expects a sequential revenue decline in Q1 FY2026.

16Apr 25

Wipro's Q4 FY2023 Results: Profit Rises, Revenue Falls Short; ADR Drops 3% on NYSE Following Weak Q1 Forecast

Wipro's Q4 FY2023 results show a rise in net profit to ₹35.70 billion, up from ₹33.54 billion in Q3. Revenue increased slightly to ₹225.00 billion, falling short of the estimated ₹231.13 billion. The IT Services segment faced headwinds due to global economic conditions. Wipro forecasts a 1.5% to 3.5% sequential decline in Q1 revenue. The company's ADR fell 3.19% on the NYSE following the results announcement.

31Mar 25

Wipro Streamlines Group Structure: Attune Netherlands Transfers Stake in Rizing Consulting

Wipro Limited has announced an internal restructuring where its subsidiary, Attune Netherlands B.V., has transferred its entire shareholding in Rizing Consulting USA, Inc. to another Wipro subsidiary, Rizing LLC, effective March 31, 2025. This move aims to rationalize and simplify the group structure. As a result, Rizing LLC now owns 100% of Rizing Consulting USA, Inc. The transaction was disclosed in compliance with SEBI regulations.

26Mar 25

Wipro Secures £500 Million Deal with Phoenix Group for Admin Services

Wipro Limited has signed a 10-year agreement worth £500 million ($650 million) with Phoenix Group, the UK's largest long-term savings and retirement business. Wipro will provide comprehensive administrative services for Phoenix Group's ReAssure business, including policy administration, claims processing, and customer service support. The deal involves managing and modernizing the core policy administration ALPHA platform using AI, Automation, Cloud, and Digital transformation technologies. Wipro will establish additional technology and operational service hubs in the UK, with some Phoenix employees transitioning to Wipro.

24Mar 25

Wipro Unveils AI Agent Solutions for Healthcare, Streamlining Operations

Wipro Limited has introduced innovative AI-driven autonomous agents for the healthcare industry, powered by Agentforce. These agents aim to improve patient experiences, provider services, and payer operations. Key features include simplified provider network management, automated verification of critical information, and cross-industry applications. The technology is expected to streamline processes, reduce administrative burdens, and lower operational costs in healthcare. Wipro also announced the voluntary de-registration of its subsidiary Crowdsprint Pty Ltd - Australia, effective March 21, 2025.

19Mar 25

Wipro Unveils Sovereign AI Services in Global Partnership with NVIDIA

Wipro Limited has announced a collaboration with NVIDIA to provide Sovereign AI services to governments and enterprises worldwide. The partnership aims to develop country-specific AI solutions that enhance citizen experiences while ensuring data sovereignty and security. Wipro's WeGA Studio and NVIDIA AI Enterprise software will power locally governed AI frameworks. The initiative includes an agentic AI ecosystem, customized language models, responsible AI accelerators, and privacy-compliant solutions. The technology stack utilizes NVIDIA's advanced tools for scalable AI architectures. This collaboration has already shown promise in a project with the Tourism Authority of Thailand.