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4-Traders Homepage  >  Equities  >  NATIONAL STOCK EXCHANGE OF INDIA  >  Wipro Limited    WIPRO   INE075A01022

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Wipro Limited : Wipro To Buy Australia's Promax Applications For A$35 Million

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04/30/2012 | 04:15pm CET

India's Wipro Ltd. (507685.BY) Monday said it has agreed to buy Australia's Promax Applications Group for A$35 million ($36.46 million) to help tap the market for analyzing customer data for trade promotions.

"The acquisition of Promax Applications Group will strengthen Wipro's positioning and capability in management, analytics and optimization of trade promotions," K.R. Sanjiv, senior vice president and global head of the analytics and information management division at Wipro, said in a press release.

The deal, subject to closing conditions and regulatory approvals, will be completed in the current quarter, Wipro said.

The new entity will be called Wipro Promax Analytics Solutions Pty Ltd., the company added.

-By Kenan Machado, Dow Jones Newswires; +91 22 6145 6107; kenan.machado@dowjones.com

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Financials ( INR)
Sales 2017 552 477 M
EBIT 2017 93 462 M
Net income 2017 84 945 M
Finance 2017 158 842 M
Yield 2017 2,41%
P/E ratio 2017 14,75
P/E ratio 2018 13,60
EV / Sales 2017 1,99x
EV / Sales 2018 1,78x
Capitalization 1 260 159 M
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Mean consensus HOLD
Number of Analysts 49
Average target price 501  INR
Spread / Average Target -1,9%
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NameTitle
Abidali Z. Neemuchwala Chief Executive Officer & Executive Director
B. M. Bhanumurthy President & Chief Operating Officer
Jatin Pravinchandra Dalal Chief Financial Officer
K. R. Sanjiv Chief Technology Officer
Raja Ukil Chief Information Officer & Senior Vice president
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