scorecardresearchFound 300 people working with Wipro, competitors simultaneously; moonlighting is violation of integrity, says Premji

Found 300 people working with Wipro, competitors simultaneously; moonlighting is violation of integrity, says Premji

Updated: 21 Sep 2022, 05:07 PM IST
TL;DR.
Speaking at an AIMA event, Premji who has been a vocal critic of moonlighting (the practice of techies taking up side gigs to work more than one job at a time) made it clear that the company had no place for such employees, who even while working with Wipro chose to directly work for rivals, simultaneously.
Wipro: The stock fell 4 percent to hit its 52-week low of  <span class='webrupee'>₹</span>481.10 per share on the BSE in today's trade. The IT major has lost around 3.5 percent in May till now and has risen just 2 percent in the last 1 year. In the last 1 month the stock has lost over 20 percent. The firm recently annpunced it Q4 numbers which did not please the Street. Wipro's net profit rose 3.85 percent YoY to  <span class='webrupee'>₹</span>3,087 crore in Q4FY22 and revenue was up 28 percent YoY at  <span class='webrupee'>₹</span>20,860 crore from the previous year's  <span class='webrupee'>₹</span>16,245 crore. 26.5 percent analysts polled by MintGenie has given a 'balanced risk' rating to the stock.

Wipro: The stock fell 4 percent to hit its 52-week low of 481.10 per share on the BSE in today's trade. The IT major has lost around 3.5 percent in May till now and has risen just 2 percent in the last 1 year. In the last 1 month the stock has lost over 20 percent. The firm recently annpunced it Q4 numbers which did not please the Street. Wipro's net profit rose 3.85 percent YoY to 3,087 crore in Q4FY22 and revenue was up 28 percent YoY at 20,860 crore from the previous year's 16,245 crore. 26.5 percent analysts polled by MintGenie has given a 'balanced risk' rating to the stock.