Stock Analysis, IPO, Mutual Funds, Bonds & More

Thierry Delaporte, the first foreign CEO of Wipro, is no stranger to Indian IT

Delaporte, who joined Capgemini in 1995, through its acquisition of Sogeti, started with auditing. Soon, he led the finance operations for the company across regions outside of Europe. He moved to sales and later led Capgemini’s Global Financial Services Strategic Business Unit before moving on to head the company’s Latin American operations.

Wipro gains 4% on Thierry Delaporte's appointment as CEO, MD

After a firm opening, scrip of the IT services major further rose 3.73 per cent to Rs 206.75 on BSE.It advanced 3.73 per cent to Rs 206.80 on NSE.

Wipro appoints former Capgemini executive Thierry Delaporte as CEO

Wipro has named former Capgemini chief operating officer Thierry Delaporte as its new Chief Executive Officer and Managing Director from July 6, replacing Abidali Neemuchwala who will leave the company on June 1.Wipro appoints former Capgemini executive Thierry Delaporte as CEO

Indian IT to get first non-Indian CEO in Wipro’s Thierry Delaporte

Thierry Delaporte, who will take over as CEO and MD on July 6 replacing incumbent Abidali Neemuchwala, is chairman Rishad Premji’s choice to steer Wipro from a decade-long streak of below-par growth that has lagged peers. Rishad took over as Chairman of Wipro from his father Azim Premji last July.

Wipro's new CEO to draw up to 4.45 million euros annual pay package

In a notice for its 74th annual general meeting (AGM), Wipro said it will seek shareholders' nod for appointment of Delaporte as the CEO and managing director.The AGM will be held on July 13 through video-conferencing.

Like DRL, will Wipro too see a turnaround under expat CEO?

Wipro’s board has taken a step in the right direction. Now, besides the skills and effectiveness of the incoming CEO, the freedom given to him to execute his strategy would determine how successful the change of guard at the top turns out to be for the company and its shareholders.

Capgemini names Anirban Bose as head of its financial services business

Anirban Bose succeeds Thierry Delaporte who has become the group’s chief operating officer and is considered one of the successors to chairman Paul Hermelin.

Stock Ideas: ICICI Securities has a buy call on Wipro, target price Rs 250

Given strong credentials of the new CEO, Wipro has all key cogs and elements for a turnaround with valuation not pricing in much at 11.5 times FY22 EV/FCF.

Hold Wipro, target price Rs 210: Emkay Global

The target price is based on 12 times FY22E EPS (vs. 11 times earlier) as the uncertainty around the leadership transition fades.

Neutral on Wipro, target price Rs 188: Motilal Oswal

The stock is currently trading at 14 times one-year forward P/E, almost in line with its long-term averages.

Wipro anticipates lower gross margins in short-term amid pandemic

The Bengaluru-based firm noted that the conditions caused by the COVID-19 pandemic can affect the rate of customer spending, including through cancellations or ramp-downs of existing projects, increased requests for furloughs and price discounts.

Fag-end buying drives Sensex 224 points higher; all eyes on GDP data

The bulls led the charge on Street with the advance-decline ratio at nearly 5:3 on the BSE.

Bridging the divide: Capgemini launches two Digital Academies to train disadvantaged, under-represented groups

The Digital Academies will initially focus on training 50 unemployed youth each in Mumbai and Pune.

Capgemini names Srinivas Kandula as Chairman, Ashwin Yardi as CEO of India operations

Kandula and Yardi will report to Thierry Delaporte, Group Chief Operating Officer (COO), whose responsibility also includes Indian operations, it added.

Capgemini launches digital academy initiative in India

In this first phase in India, two Digital Academies are being setup: a non-residential and co-ed center in Mumbai and an all-woman residential center in Pune.

IT companies' customers seek ‘flexi over fixed’ price

Though Indian IT companies don’t record a metric like “pseudo FP”, a large part of the FP contracts are said to be pseudo FP.

Ashwin Yardi has 3-pronged plan to take Capgemini to the next phase

India should be at the forefront of technology capabilities for the group. Second thing is what our partners expect.

Why Salil Parekh’s journey is symptomatic of the state of India’s offshore IT legacy

Parekh made his mark at Capgemini because he made it competitive against Indian service providers like Infosys which he will now lead as CEO.

Other useful Links

Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service