Thursday, July 21, 2016

Wipro wins contract from Toronto Airports; shares up

Shares of Wipro   gained 1 percent intraday Thursday on the back of contract win from Greater Toronto Airports Authority (GTAA). However, it had declined as much as 7 percent intraday on Wednesday dragged by weak second quarter guidance  and growth concerns. Meanwhile, GTAA has entered in to a seven-year strategic IT and business transformation partnership with the company. GTAA operates Toronto Pearson International Airports, the largest airport in Canada and the second largest in North America in terms of international traffic. The company was selected as the finalist vendor following a competitive process. Xavier Diniz, Country Head - Canada of Wipro said, "The company will leverage its innovation lab to provide access to advanced technologies such as digital, artificial intelligence, cognitive computing, big data and security technologies."
21/07/16 Moneycontrol.com
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