Wipro relocates Middle East regional HQ to Riyadh, signs MoU with Prince Mohammad Bin Fahd University for CoE
The new Riyadh office was officially inaugurated with the participation of Wipro executives, employees, and customers. This relocation aligns with the company's efforts to expand its operations and presence in Saudi Arabia.
In a related development, Wipro signed a Memorandum of Understanding (MoU) with Prince Mohammad Bin Fahd University (PMU) to establish a Center of Excellence (CoE) in Riyadh. The CoE aims to provide academic training, practical experience, and access to Wipro's technology resources. It focuses on developing advanced technology skills among Saudi nationals to support local workforce development and meet industry demands.
This collaboration reflects ongoing efforts to enhance technology education and create a skilled talent pool in the region. The CoE will help prepare young professionals for emerging roles in technology and contribute to the kingdom's broader digital transformation goals.
Vinay Firake, CEO – Asia Pacific, India, Middle East & Africa (APMEA), Wipro Limited, stated, 'The establishment of our new regional headquarters in Riyadh reaffirms our commitment to supporting the dynamic business landscape in the Kingdom of Saudi Arabia. This strategic move, combined with our ongoing involvement in supporting the goals of the Kingdom, aligns with our vision of driving sustained growth and a future-ready workforce in the region. This commitment is strengthened by the recent appointment of Mohamed Mousa as our new Managing Director for Wipro Middle East out of our Riyadh headquarters, which will further advance our decades-long presence in the Middle East.'
Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at BusinessUpturn.com
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Upturn
an hour ago
- Business Upturn
After João Félix's deal, Al Nassr bid for Man United's Antony
As per recent reports from Santi Aouna, Al Nassr has made a bid for Manchester United's Antony. By Ravi Kumar Jha Published on July 28, 2025, 09:21 IST As per recent reports from Santi Aouna, Al Nassr has made a bid for Manchester United's Antony. They have recently completed the deal to sign João Félix from Chelsea and now they are eyeing a move for the United's winger. The winger went to Real Betis on a 6-month loan and showed his immense potential there. Al Nassr, thus, made a bid for him. However, the amount of the bid is still not mentioned or cleared and the reports also not backed by some credible sources. Saudi Pro League heavyweight Al‑Nassr have officially submitted an offer for Manchester United winger Antony. While the transfer fee remains undisclosed, United are believed to be holding out for around €60 million to sanction the move. Al‑Nassr's interest comes hot on the heels of their recent signing of João Félix from Chelsea, reportedly sealing a two‑year contract with an initial €30 million fee plus add‑ons—and strong sell-on clauses. Now attention appears to have turned to reinforcing their attacking line further by targeting Antony. The 25‑year‑old Brazilian winger spent the back half of the 2024–25 season on loan at Real Betis, where he impressed enough to attract interest from both his former Spanish club and Saudi suitors. United still hold him under contract until 2027, but he has been transfer-listed and reportedly excluded from pre-season plans, signalling a clear intent to sell. His representation has indicated that Antony is open to a move to Saudi Arabia, stating 'he is on the market… open to moving to Saudi Arabia. Anything is possible. Ahmedabad Plane Crash Ravi kumar jha is an undergraduate student in Bachelor of Arts in Multimedia and Mass Communication. A media enthusiast who has a strong hold on communication and he also has a genuine interest in sports. Ravi is currently working as a journalist at
Yahoo
a day ago
- Yahoo
Analysts Positive on Wipro Limited (WIT) Following Strong Q1 Earnings
With a share price under $10, strong hedge fund interest, and a low price-to-earnings ratio, Wipro Limited (NYSE:WIT) makes it onto our list of the . A close-up of a computer monitor showing a complex web of cloud-based technology. Following strong Q1 earnings, analyst sentiment improved, with firms like Morgan Stanley and Jefferies issuing bullish ratings on WIT. On July 18, 2025, Morgan Stanley increased its price target on the company from $3.07 to $3.30, maintaining an 'Equal Weight' rating. In addition to strong performance, the revision was driven by strong large-deal wins that are expected to drive its growth. On July 17, 2025, Wipro Limited (NYSE:WIT) announced financial results for Q1 ended June 30, 2025. Despite a 1.6% QoQ decrease, Wipro Limited (NYSE:WIT) reported revenue of $2.58 billion, an increase of 0.8% on a YoY basis. The IT services segment contributed significantly, seeing large deal bookings grow 131% YoY to $2.7 billion. Overall bookings went up by 50.7% YoY, reaching $5.0 billion. Furthermore, Wipro Limited (NYSE:WIT) improved its operating margins by 0.8% on a YoY basis, taking them to 17.3%. Meanwhile, net income rose to $388.4 million, while operating cash flows were well-maintained at 123.2% of net income. Adopting a cautious outlook due to macroeconomic uncertainties, Wipro Limited (NYSE:WIT) expects Q2 revenue between $2.56 and $2.61 billion. By offering 24/7 cloud-managed services, Wipro Limited (NYSE:WIT) helps businesses optimize hybrid and public cloud environments for efficient, scalable operations through cost tracking, automation, DevOps, containers, and performance monitoring. It is included in our list of the best cloud stocks. While we acknowledge the potential of WIT as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 14 Cheap Transportation Stocks to Buy According to Analysts and Top 10 AI Infrastructure Stocks to Buy Now. Disclosure: None. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
a day ago
- Yahoo
Analysts Positive on Wipro Limited (WIT) Following Strong Q1 Earnings
With a share price under $10, strong hedge fund interest, and a low price-to-earnings ratio, Wipro Limited (NYSE:WIT) makes it onto our list of the . A close-up of a computer monitor showing a complex web of cloud-based technology. Following strong Q1 earnings, analyst sentiment improved, with firms like Morgan Stanley and Jefferies issuing bullish ratings on WIT. On July 18, 2025, Morgan Stanley increased its price target on the company from $3.07 to $3.30, maintaining an 'Equal Weight' rating. In addition to strong performance, the revision was driven by strong large-deal wins that are expected to drive its growth. On July 17, 2025, Wipro Limited (NYSE:WIT) announced financial results for Q1 ended June 30, 2025. Despite a 1.6% QoQ decrease, Wipro Limited (NYSE:WIT) reported revenue of $2.58 billion, an increase of 0.8% on a YoY basis. The IT services segment contributed significantly, seeing large deal bookings grow 131% YoY to $2.7 billion. Overall bookings went up by 50.7% YoY, reaching $5.0 billion. Furthermore, Wipro Limited (NYSE:WIT) improved its operating margins by 0.8% on a YoY basis, taking them to 17.3%. Meanwhile, net income rose to $388.4 million, while operating cash flows were well-maintained at 123.2% of net income. Adopting a cautious outlook due to macroeconomic uncertainties, Wipro Limited (NYSE:WIT) expects Q2 revenue between $2.56 and $2.61 billion. By offering 24/7 cloud-managed services, Wipro Limited (NYSE:WIT) helps businesses optimize hybrid and public cloud environments for efficient, scalable operations through cost tracking, automation, DevOps, containers, and performance monitoring. It is included in our list of the best cloud stocks. While we acknowledge the potential of WIT as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 14 Cheap Transportation Stocks to Buy According to Analysts and Top 10 AI Infrastructure Stocks to Buy Now. Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
