Wipro’s ‘ongoing critical business’ not impacted by cyber attack - News Summed Up

Wipro’s ‘ongoing critical business’ not impacted by cyber attack


NEW DELHI: Wipro Ltd on Friday said that the recently reported cyber attack on few of its employee accounts have had no impact on the company's “ongoing critical business." Cyber security blog KrebsOnSecurity had said Wipro's systems had been breached and were being used to launch attacks against some of its clients. Wipro reported better-than-expected revenue growth for Jan-Mar but offered a disappointing revenue growth outlook of -1% to 1.0% for the June quarter. Wipro, India’s fourth largest IT services company by revenue, also announced a bonus of one free share for every three shares held by shareholders. The Wipro board also approved a ₹10,500 crore buyback plan under which it will acquire up to 323 million shares at ₹325 apiece.


Source: Mint April 19, 2019 12:45 UTC



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