Wipro Ltd

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  • Adobe’s Digital Marketing segment is its strong pillar of growth
    Tech & Comm Services

    Adobe’s Digital Marketing segment is its strong pillar of growth

    The Digital Marketing segment of Adobe (ADBE) provides solutions and services for creating, managing, and executing advertising and marketing initiatives.

    By Anne Shields
  • uploads///p
    Company & Industry Overviews

    Looking ahead for Indian-Focused Funds

    All five India-focused funds have their highest individual sectoral exposure to financials. As reported in the news, 2015 has been a year of global economic stress.

    By Pete Raine
  • uploads///chart
    Company & Industry Overviews

    Which Sector Has Attracted the Most FDI This Year?

    Cumulative data of FDI inflows since April 2000 show the services sector has received 17% of the total FDI inflows in India.

    By Pete Raine
  • uploads///chart
    Macroeconomic Analysis

    Assessing Financials: The Major Holdings in Indian Funds

    Financials are the major holdings in Indian funds The three funds in this review—the ALPS Kotak India Growth Fund (INDAX), the Matthews India Fund (MINDX), and the Wasatch Emerging India Fund (WAINX)—provide investors access to Indian equities. The financial sector represents most of these funds’ respective portfolios, according to their latest releases. As of June […]

    By Pete Raine
  • uploads///Increasing FDI in India
    Macroeconomic Analysis

    Are Prime Minister Modi’s Reforms Boosting FDI in India in 2017?

    The implementation of the Goods and Services Tax (or GST) is expected to boost India’s medium-term economic growth above 8%, according to government data.

    By Mary Sadler
  • uploads///Asset Size and Expense Ratio of Asia ex Japan MFs
    Company & Industry Overviews

    Your Strategy for Asia Ex-Japan Mutual Funds

    Asia ex-Japan countries such as China and India saw poor equity market performance in 2015, but Indian equities could be back on track in the medium term.

    By David Ashworth
  • uploads///pc
    Macroeconomic Analysis

    Public or Private Spending: What’s Driving Infrastructure Growth?

    The private sector is lagging as compared to others regarding projects awarded. The public sector projects far outnumber both the private and PPP projects.

    By Pete Raine
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    Macroeconomic Analysis

    India’s Healthcare Sector Has Stolen the Show in 2015

    Due to the healthcare sector’s evergreen nature, the S&P BSE Healthcare Index has been able to provide a healthy return amid slowdowns in other sectors.

    By Pete Raine
  • uploads///Performance of Indian Stock Indices
    Company & Industry Overviews

    Not a Good 1Q16 for Indian Stocks, but Is the Tide Turning?

    Indian stocks had a great March. The rebound began after the Union Budget announcement on February 29. The fiscal discipline shown by the government raised hopes that the Reserve Bank of India may reduce interest rates.

    By David Ashworth
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    Macroeconomic Analysis

    Analyzing the Historical Returns of 5 India-Focused Funds

    Within the last six years, 2009 was the best year in terms of returns for all three funds in existence then.

    By Pete Raine
  • uploads///baabfcdccc
    Earnings Report

    What Caused Cognizant’s Shares to Rise 30% to Date in 2015?

    Cognizant’s strong revenue growth, stable financial position with reasonable debt, and growth in EPS caused its stock price to rise in 2015.

    By Anne Shields
  • uploads///Base Rate of Some Indian Banks
    Company & Industry Overviews

    How India’s April Repo Rate Cut Will Affect Borrowers

    Even before the repo rate cut on April 5, the RBI reduced its key rate by 125 basis points since January 2015.

    By David Ashworth
  • Tech & Comm Services

    Why has Adobe partnered with Wipro?

    On September 12, Wipro and Adobe entered into a premier partnership. Wipro is a leading information technology, consulting, and business process services company.

    By Anne Shields
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    Company & Industry Overviews

    Accenture Sees High Return on Equity in 2Q15

    Accenture’s interest coverage ratio looks comfortable, due to low debt levels and to the fact that its operating margin has been expanding steadily.

    By Adam Rogers
  • uploads///INR Versus US Dollar
    Macroeconomic Analysis

    The Chinese Yuan and India’s Monetary Policy

    India’s exports are already facing weakening worldwide demand. The Chinese yuan devaluation could further hurt Indian exports, weakening the Indian rupee.

    By David Ashworth
  • uploads///PART
    Company & Industry Overviews

    IBM’s Revenue Fell for Several Quarters

    Revenues for IBM fell 2.3% from $106.9 billion in fiscal 2011 to $104.5 billion in fiscal 2012. Revenues further fell 5.9% YoY in fiscal 2013 to $98.4 billion.

    By Adam Rogers
  • uploads///wipro end
    Earnings Report

    Wipro Trades below Moving Averages in August

    On August 28, Wipro closed the trading day at $11.83. That was 13% below its 100-day moving average, 05% below its 50-day moving average, and 15% below its 20-day moving average.

    By Adam Rogers
  • uploads///stock trading monitor desk
    Tech & Comm Services

    Why Has Infosys Stock Fallen 14% Today?

    Infosys (INFY) shares have fallen 14% today. The pullback means that the company has risen 3.8% year-to-date. The stock has traded flat in the last 12 months.

    By Adam Rogers
  • uploads///
    Earnings Report

    A Look at Cognizant’s Focus on Digital Transformation

    To lead the global digital transformation effort, Cognizant (CTSH) is providing solutions to transform businesses’ operating and technology models.

    By Adam Rogers
  • uploads///IBM GBS Revenue Growth
    Company & Industry Overviews

    IBM’s Consulting Unit Drives Growth in Its Services Business

    IBM’s (IBM) Global Business Services segment comprises its Consulting, Global Process Services, and Application Management sub-segments.

    By Puneet Sikka
  • uploads///Accenture
    Company & Industry Overviews

    Accenture Bets on Acquisitions to Secure Its Future

    Accenture’s revenue increased 7.0% YoY to $10.6 billion in the first quarter of fiscal 2019.

    By Ruchi Gupta
  • uploads///FI
    Macroeconomic Analysis

    Chinese and Indian Indexes Fall as Trade Talks Resume

    On Tuesday, US and Chinese officials resumed trade talks over the phone days after they announced a trade truce.

    By Mike Sonnenberg
  • uploads///artificial intelligence code codes
    Tech & Comm Services

    A Look at Accenture’s Latest Returns and Valuation

    Accenture has made a strong comeback this year after losing over 10.0% of its market value in 2018.

    By Adam Rogers
  • uploads///stock trading monitor desk
    Macroeconomic Analysis

    Better Late than Never: Indian Indexes Join the APAC Party

    After trading flat on June 19, Indian indexes finally looked up. The benchmark S&P BSE Sensex gained 1.25%, while the NSE Nifty 50 rose 1.2%. For both of the indexes, most sectors were trading in the green on June 20.

    By Mike Sonnenberg
  • Macroeconomic Analysis

    Indian and Indonesian Indexes Stay Steady, but Taiwan Index Falls

    Just like some of the other Asian indexes, Indian indexes closed almost flat today. The S&P BSE Sensex lost four basis points, while the NSE Nifty 50 gained seven basis points.

    By Mike Sonnenberg
  • uploads///part
    Macroeconomic Analysis

    India Markets Face These Headwinds

    The key driver behind the rise in Indian markets this year has been expectations that the current Narendra Modi led government will be voted back to power this year.

    By Mohit Oberoi, CFA
  • uploads///
    Earnings Report

    Analysts Expect Cognizant’s Revenue to Rise in Fiscal 2018

    Analysts expect Cognizant’s EBITDA to rise 5.2% in fiscal 2018, 15% in fiscal 2019, and 11% in fiscal 2020.

    By Adam Rogers
  • uploads///Inflation in India Continues to Decline in June
    Macroeconomic Analysis

    Will India’s Low Inflationary Trend Sustain in 2H17?

    Consumer prices in India (INDY) rose 1.5% year-over-year in June 2017, slowing sharply from their 2.2% rise in May 2017.

    By Mary Sadler
  • uploads///Inflation in India Continues to Decline in May
    Macroeconomic Analysis

    Inside India’s Inflation in May 2017

    Consumer price inflation in India stood at ~2.2% on a YoY (year-over-year) basis in May 2017, as compared to its 2.99% rise in April 2017.

    By Mary Sadler
  • uploads///Inflation on downtrend in India
    Macroeconomic Analysis

    Is Inflation in India Approaching Its Target Range in 2017?

    Consumer prices in India (EPI) increased ~3.0% on a year-over-year basis in April 2017, compared to an ~3.8% rise in March—well below its market expectations.

    By Mary Sadler
  • uploads///
    Company & Industry Overviews

    Why Elliott Management Wants Cognizant to Increase Its Shareholder Value

    Cognizant’s annual revenues of $13 billion, with its annual cash flow of $1 billion and balance sheet of $4 billion, should help with shareholder returns.

    By Adam Rogers
  • uploads///Indian Equity Indices After Demonetization
    Company & Industry Overviews

    India’s Financial Markets Fell Due to Demonetization

    The two benchmark equity indices—the Nifty 50 and the S&P BSE Sensex—fell each trading day since the demonetization except for November 10 and November 22.

    By David Ashworth
  • uploads///MCLR of Some Indian Banks
    Macroeconomic Analysis

    Will Demonetization in India Impact Your Loan Burden?

    Banks saw a rise in term deposit accounts since the demonetization. As a result, commercial banks sharply reduced their deposit rates.

    By David Ashworth
  • uploads///Indias Repo Rate
    Macroeconomic Analysis

    RBI Cut the Repo Rate: Will More Rate Cuts Follow?

    Due to the expected fall in inflation, the RBI will likely undertake more cuts in the repo rate. These rate cuts will aim to boost consumption.

    By David Ashworth
  • uploads///Indias CPI Combined
    Macroeconomic Analysis

    Will Demonetization Impact India’s Inflation?

    The demonetization that has been in effect since November 9 is expected to have a negative impact on inflation. Consumer spending activity almost stopped.

    By David Ashworth
  • uploads///
    Earnings Report

    Why Did Everest Group Name Cognizant as a Leader in Digital Services?

    In early October 2016, Everest Group named Cognizant (CTSH) as a “Leader” and “Star Performer” in the Digital Services business segment.

    By Adam Rogers
  • uploads///MCLR of Some Indian Banks
    Macroeconomic Analysis

    Why the RBI Feels that Monetary Policy Transmission Can Improve in India

    Importance of policy transmission Monetary policy transmission refers to the translation of monetary policy actions into the financial system via banking and trading channels. By changing the short-term interest rate—like the repo rate in India or the federal funds rate in the US—a central bank signals other banks to change their lending and deposit rates. […]

    By David Ashworth
  • uploads///
    Earnings Report

    How Did Accenture’s Business Segments Perform in Fiscal 4Q16?

    Accenture’s (ACN) revenue rose 8% YoY (year-over-year) in fiscal 4Q16, which represents the firm’s tenth consecutive quarter of strong revenue growth.

    By Adam Rogers
  • uploads///
    Company & Industry Overviews

    What Are Cognizant’s Other Strategic Initiatives?

    Cognizant’s (CTSH) second strategic initiative is to improve productivity and effectiveness in core transaction processes of enterprises.

    By Adam Rogers
  • uploads///MCLR of Some Indian Banks
    Macroeconomic Analysis

    Efficient Policy Transmission in India Concerns the RBI

    “Policy transmission” refers to the translation of monetary policy actions into the financial system through the banking and trading channels.

    By David Ashworth
  • uploads///India GVA Growth Rate At Basic Prices
    Macroeconomic Analysis

    Barring External Demand, India’s Economy Looks Solid

    In its August 2016 monetary policy statement, the RBI (Reserve Bank of India) sounded positive about growth in India’s economy going forward.

    By David Ashworth
  • uploads///Earnings of Top Indian Shares Have Been Flat in the Last Few Quarters
    Macroeconomic Analysis

    Can Indian Corporate Earnings Take a Turn for the Best?

    Are Indian corporate earnings likely to turn around? Earnings have been flat since late 2014.

    By Heidi Richardson
  • uploads///Indias CFPI Combined
    Macroeconomic Analysis

    Food Prices and Monsoon Season: Crucial for India’s Rate Policy

    Along with the CPI (consumer price index), India’s Central Statistics Office publishes the CFPI (Consumer Food Price Index). The CFPI accounts for 47% of the overall CPI.

    By David Ashworth
  • uploads///analysts recommendations
    Earnings Report

    What Are Analysts’ Recommendations for Teradata’s Stock?

    Teradata’s stock price movement during the past month has largely been positive. As of May 9, the company’s stock has risen ~12.8%.

    By Anne Shields
  • uploads///Mkt cap
    Earnings Report

    Analyzing Teradata’s Value Proposition in the IT Consulting Space

    Teradata was trading at a forward EV/EBITDA multiple of ~6.0x on May 9, 2016.

    By Anne Shields
  • uploads///India to Drive Developing Asia
    Macroeconomic Analysis

    China Takes a Breather as India Drives Growth in Asia

    Even though the ADB (Asian Development Bank) slashed its economic growth projection for India for this year to 7.4%, the pace remains very healthy.

    By David Ashworth
  • uploads///Indias GDP and GVA Growth Rates
    Macroeconomic Analysis

    Economic Growth in India is Strong, but Exports Are Hurting

    Data released by India’s CSO (Central Statistics Office) in February 2016 shows that economic growth in India, as measured by its GDP, is expected to be 7.6% in the financial year 2015–2016.

    By David Ashworth
  • uploads///part
    Earnings Report

    Wipro, Oh No: Stock Has Traded Below Moving Averages in 2016

    India’s (INDA) tech giant Wipro (WIT) generated investor returns of -7.5% in the trailing-12-month period and -7.7% in the trailing-one-month period.

    By Adam Rogers
  • uploads///p
    Company & Industry Overviews

    Understanding The Eaton Vance Greater India Fund Portfolio

    Compared to other India-focused funds, ETGIX has a small portfolio, comprising only 33 holdings. As of September 30, 2015, the top ten holdings of ETGIX formed 46.8% of the portfolio.

    By Pete Raine
  • uploads///GDP Asian
    Macroeconomic Analysis

    Fundamentals Are Improving for the Rupee, but Risks Are Prevelant

    Looking at the emerging market basket, the Indian rupee is expected to outperform its peers in 2016. The depreciation in the yuan also played its part.

    By David Meyer
  • uploads///PART
    Earnings Report

    Societe Generale Raises Rating for Infosys, Zachs Downgrades

    Societe Generale raised its rating of Infosys from “sell” to “hold” in September. Susquehanna gave the firm a rating of “neutral.”

    By Adam Rogers
  • uploads///part
    Earnings Report

    How Indian Brokerage Houses View the Domestic IT Sector in Fiscal 3Q16

    On January 3, Religare Institutional Research projected that revenues of large-cap IT sector firms in India could grow between 0.3%–1.1% QoQ in fiscal 3Q16.

    By Adam Rogers
  • uploads///pc
    Macroeconomic Analysis

    How Do Banks View the Indian Infrastructure Sector?

    Infrastructure companies are normally highly leveraged. A highly leveraged company has a higher dependence on debt from banking and financial institutions.

    By Pete Raine
  • uploads///pc
    Macroeconomic Analysis

    Why Sales Growth in India’s Infrastructure Sector Is Dwindling

    The sales growth in three major infrastructure sectors has fallen sharply in the first two quarters of fiscal 2016.

    By Pete Raine
  • uploads///pc
    Macroeconomic Analysis

    Why Distress Signals Are Coming from Indian Infrastructure Stocks

    In this article, we will look at how stocks of some major Indian infrastructure companies have performed in the last year.

    By Pete Raine
  • uploads///pc
    Macroeconomic Analysis

    Understanding India’s Infrastructure Sector

    The NDA (National Democratic Alliance) government came to power in May 2014. With big promises of development, the party aimed to push major reforms to help speed up India’s recovery process.

    By Pete Raine
  • uploads///part
    Company & Industry Overviews

    How Fundamentally Strong Is Accenture after 3Q15?

    Accenture has a current ratio of 1.36x, lower than the industry median of 2.03x. ACN’s quick ratio is 1.36x, also lower than the industry median of 1.92x.

    By Adam Rogers
  • uploads///chart
    Macroeconomic Analysis

    Is the Reserve Bank of India Anticipating a Rate Hike by the Fed?

    The RBI (Reserve Bank of India) didn’t lower the interest rate in its bimonthly review on December 1, 2015. The RBI kept the policy repo rate unchanged at 6.8%.

    By Pete Raine
  • uploads///chart
    Macroeconomic Analysis

    What Led to the Euphoria around India’s Construction Sector?

    According to the Indian government’s estimates for the five years from 2006–2007 to 2010–2011, the construction sector contributed 8% to India’s GDP.

    By Pete Raine
  • uploads///part
    Company & Industry Overviews

    Comparing the SG&A Expenses of Accenture, IBM, and Wipro in 3Q15

    In 3Q15, the selling, general, and administrative expenses for Accenture rose to $1.41 billion from $1.38 billion in 3Q14 and $1.36 billion in 3Q13.

    By Adam Rogers
  • uploads///chart
    Company & Industry Overviews

    Which Sectors Will Benefit from the FDI Reforms?

    India’s FDI reforms are expected to boost foreign investment in major sectors including the construction, retail, defense, banking, agriculture, and aviation sectors.

    By Pete Raine
  • uploads///HFS
    Earnings Report

    Healthcare Boosted Cognizant’s Revenue in 3Q15

    Cognizant’s Healthcare segment grew more than 43.3% to $939.2 million in 3Q15 due to TriZetto. It expanded the company’s offerings in the healthcare space.

    By Anne Shields
  • uploads///synt pe
    Earnings Report

    How Does Syntel Compare to Its Peers?

    The SPDR Russell 2000 Low Volatility ETF (SMLV) invests 1.4% of its holdings in Syntel.

    By Gabriel Kane
  • uploads///tdc
    Macroeconomic Analysis

    Teradata Trades below Moving Averages in October

    Teradata generated investor returns of -30.2% in the trailing-12-month period and -4.7% in the trailing-one-month period.

    By Adam Rogers
  • uploads///rax
    Company & Industry Overviews

    Rackspace Will Offer Its Cloud-Segment Expertise to Amazon

    Rackspace announced an agreement to offer tools, application management, expertise, and operational support to customers on the Amazon Web Services cloud.

    By Adam Rogers
  • uploads///chart
    Macroeconomic Analysis

    Assessing the Multiples and Dividend Yields of Key Indian Stocks

    The Indian market’s PE and PBV multiples were lowest in fiscal 2013. The dividend yield was best in fiscal 2013.

    By Pete Raine
  • uploads///Base Rate of Some Indian Banks
    Macroeconomic Analysis

    Did the Reserve Bank of India Reduce Borrowers’ Loan Burden?

    The pass-through of the rate cuts by banks to the general public is an important concern for the Reserve Bank of India.

    By David Ashworth
  • uploads///chart
    Macroeconomic Analysis

    Overview: Last 5 Years of Foreign Portfolio Investment in India

    India’s fiscal 2013 was the lowest in terms of market capitalization in the past five years. However, the foreign portfolio witnessed an impressive growth of about 80% in fiscal 2013 over the previous year.

    By Pete Raine
  • uploads///Hold off
    Macroeconomic Analysis

    Why the Reserve Bank of India Cut the Repo Rate So Drastically

    Though there were expectations for a repo rate cut, a reduction of 50 basis points did not seem to be on everyone’s radar.

    By David Ashworth
  • uploads///sharholder value
    Company & Industry Overviews

    Cognizant Tops Peers Like Accenture in Revenue Growth per Share over Past 12 Months

    In the past 12 months, Accenture’s revenue growth per share has increased by 7.8%, while Cognizant’s has increased by 17.6%.

    By Adam Rogers
  • uploads///revenue
    Company & Industry Overviews

    Accenture’s Recent 3Q15 Earnings Report Reveals Flat YoY Revenues

    Accenture reported 3Q15 revenues of ~$8.28 billion, compared to $8.24 billion in 3Q14. Its gross profits for 3Q15 were $2.52 billion, a 0.43% YoY decline.

    By Adam Rogers
  • uploads///Net Foreign Direct Investment into India
    Macroeconomic Analysis

    Foreign Direct Investment in India Up 61% since Last Year

    It appears that Modi’s trips abroad are working, and that his schemes and plans have attracted foreign direct investment into the country.

    By David Ashworth
  • Macroeconomic Analysis

    Why India’s services sector increased its share in GDP

    According to data for fiscal year 2013, the financing, insurance, real estate, and business services segment had the largest share. It contributed over 19% to the overall GDP.

    By David Ashworth
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