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<ul><li><keyword id="10862" type="General" weightage="80" keywordseo="wipro" source="Orion">Wipro</keyword>’s board approved the merger of five of its subsidiaries into the company.</li><li>Wipro said that it has 22 accounts above the $100 million range as of September end.</li><li>Its voluntary attrition came in at a nine-quarter low of 13.4% in the second quarter.</li></ul> Wipro, the country’s fourth largest IT services company, reported a 2% sequential fall in constant currency revenues for the July-September quarter on Wednesday. This is the third consecutive quarter where it has reported sequential fall in revenues. Gross revenues declined 0.01% to ₹17,365 crore year-on-year. The IT major has also guided for yet another weak quarter ahead. It expects revenues to fall anywhere between 1.5-3.5% in the third quarter of FY24. The fall was steeper in its quarterly net profit, which declined by 8% in rupee terms to ₹2,667 crore against ₹2,887 crore it reported in the previous quarter. The Street was expecting Wipro to report a 1% sequential fall in constant currency revenues. In dollar terms, its IT segment revenues fell 2.3% to $2,713.3 million, the company said on Wednesday. Commenting on the quarterly numbers, <keyword id="3808309" type="General" weightage="50" keywordseo="thierry-delaporte" source="Orion">Thierry Delaporte</keyword>, Wipro’s CEO and MD, said: “Due to our higher exposure to the consulting and BFSI sector in the Americas, we have seen a higher than usual impact of macroeconomic conditions. As the markets start to turnaround, on the back of our transformation and efficiency plays, we expect to see improvement in the coming quarters. Wipro said that its total bookings for the quarter stood at $3.8 billion for the quarter which is 6% higher than what it was in the same quarter last year. Its large deal booking is at $1.3 billion – which is the highest it has seen in the last nine quarters. It said it has 22 accounts above the $100M range – twice as much they had in FY21. Wipro’s operating margin for the quarter was at 16.1%, up 10 bps QoQ. The company said it expects the margins to remain range-bound as seen in the last few quarters. Employees to get 80% variable pay Wipro’s voluntary attrition has continued to moderate sequentially, coming in at a nine-quarter low of 13.4% in the second quarter. The company also said it will give 80% of the variable pay to its employees based on performance. It did not disclose its plans of hiring at campuses this year. “Hiring is a function of demand and benching. We are focussed on honouring our commitments made to people before going to campuses, and there are still some offers left to honour,” said Saurabh Govil, chief human resources officer at Wipro. The company’s board also approved a scheme of amalgamation to merge five of its wholly-owned subsidiaries with itself. The subsidiaries are Wipro HR Services, Wipro Overseas IT Services, Wipro Technology Product Services, Wipro Trademarks Holding and Wipro VLSI Design Services. “The scheme is subject to necessary statutory and regulatory approvals under applicable laws, including approval of the National Company Law Tribunal,” the company said. IT companies are facing demand headwinds in their key markets. Wipro, like other peers, had also indicated that its revenues could contract during the second quarter. In July, the company had said while announcing its first quarter earnings that it expected revenue from IT services to be in the range of $2,722 million to $2,805 million. This would translate to sequential guidance of -2 per cent to +1 per cent in constant currency terms.

Wipro’s revenues fall 2% in Q2, guides for a steeper fall in Q3

New Delhi, Jan 31 () IT services major Tech Mahindra on Friday said it will acquire 70 per cent stake in Bengaluru-based Cerium Systems at an enterprise value of up to Rs 245 crore.
 The acquisition will boost Tech Mahindra's Engineering Services practice in VLSI (Very Large Scale Integration) and Embedded Software, Tech Mahindra said in a statement.
 "We continue to invest in niche digital assets complementing our service offerings. Cerium provides cutting edge solutions with a strong foothold in global semiconductor industry," Tech Mahindra Head of Corporate Development and Portfolio Companies Vivek Agarwal said.
 In a regulatory filing, Tech Mahindra said 70 per cent of the shares will be acquired upfront for an enterprise value not exceeding Rs 245 crore and the remaining 30 per cent will be acquired over the next two years at a valuation linked to the financial performance of the company.
 The cash transaction is expected to close by April 1, 2020, it added.
 "This acquisition is expected to help bolster capabilities in the areas of semiconductor design and testing, embedded software development/testing and product engineering," the filing said.
 Founded in 2013, Cerium is an integrated circuit and embedded software design service provider, and has around 840 employees.
 It has offices in Vishakhapatnam, Cochin, Santa Clara (US) and Penang (Malaysia). Its revenue stood at Rs 105.7 crore for the financial year ended March 31, 2019. SR DRR

Tech Mahindra to acquire 70 pc stake in Cerium Systems

New Delhi, Jan 31 () IT services firm Tech Mahindra on Friday reported a 4.7 per cent decline in its consolidated net profit at Rs 1,145.9 crore for the December 2019 quarter.
 The Mumbai-based firm had registered a net profit (attributable to owners of the company) at Rs 1,202.9 crore in the corresponding quarter of the last fiscal, Tech Mahindra said in a statement.
 However, its revenue from operations grew 7.9 per cent to Rs 9,654.6 crore in the quarter under review from Rs 8,943.7 crore in the year-ago period, it added.
 Earnings per share (EPS) was at Rs 13.13. In dollar terms, the net profit was up 1.3 per cent sequentially to USD 160.6 million, while revenue grew 5.1 per cent to USD 1,353 million in the said quarter.
 This is a quarter of strong growth across the company's Communications and Enterprise businesses, Tech Mahindra Managing Director and CEO C P Gurnani said.
 "We continue to win marquee deals and are well poised to capitalise on new market opportunities with technology shifts like 5G, which continues to be a key focus area in the year ahead," he added.
 The company's total headcount was at 1,30,839 people, a reduction of 683 people from the September 2019 quarter.
 The company witnessed substantial operational and financial metrics improvement with healthy cash flow generation this quarter, Manoj Bhat, chief financial officer at Tech Mahindra said.
 "We continue to invest in emerging technologies and streamline delivery as we ready ourselves for the next phase of growth," he added.
 Tech Mahindra also announced the acquisition of 70 per cent stake in Bengaluru-headquartered Cerium Systems.
 "Cerium will boost the company's Engineering Services practice in VLSI (very large scale integration) and Embedded Software.
 "We continue to invest in niche digital assets complementing our service offerings. Cerium provides cutting edge solutions with a strong foothold in global semiconductor industry," Tech Mahindra Head of Corporate Development and Portfolio Companies Vivek Agarwal said.
 Shares of Tech Mahindra closed marginally higher at Rs 796.00 on the BSE on Friday. SR SHW
SHW

Tech Mahindra Q3 net profit dips 4.7% to Rs 1,146 cr

Telangana and especially Hyderabad is one of the most popular destination for students looking forward to pursue their engineering courses from top ranked institutions in India. Telangana has a good number of leading engineering colleges that have scored appreciable rankings on the National Institutional Ranking Framework (NIRF). Here is the list of <keyword id="9385815" type="UNKNOWN" weightage="20" keywordseo="top-10-engineering-colleges">top 10 engineering colleges</keyword>, institutes and Universities in Telangana based on the National Institutional Ranking Framework scores awarded by the Ministry of Human Resource Development, Government of India. #1 Indian Institute of Technology Hyderabad, Hyderabad Indian Institute of Technology, Hyderabad tops the list of engineering colleges located in Telangana. The institution has scored the 8th place among the leading engineering educational bodies in India. The NIRF score secured by the college is 66.44. IIT Hyderabad is one of the most sought after institutions for engineering education and this is one among the second generation of IITs that the government of Indian has started across the nation. #2 National Institute of Technology, Warangal NIT, Warangal has scored 57.76 points that makes it the 19th topmost institutions in the country in the domain of engineering education. This places the college in the second position among the leading engineering colleges in Telangana. Created in 1959, the college was earlier known as Regional Engineering College. This was among the first chain of 30 NITs founded in the country. #3 International Institute of Information Technology, Hyderabad International Institute of Information Technology, Hyderabad is one of the most sought after destinations for engineering education in India. The college scores 49.45 points on the NIRF merit list and occupies the 43rd position among the best engineering colleges in India. This college is a not-for-profit public private partnership (N-PPP) founded in 1998 and is the first engineering college of this kind in India. #4 Jawaharlal Nehru Technological University, Hyderabad Scoring 44.97 points on the NIRF ranking, Jawaharlal Nehru Technological University, Hyderabad occupies the 57th place among the topmost destinations for engineering education in India. Created in 1972, Jawaharlal Nehru Technological University, Hyderabad was the first technological university in the nation. The institution has four constituent engineering colleges under its umbrella, one at Hyderabad, one at Kondagattu (Jagithyal), one at Manthani and one at Sultanpur (Medak district) besides fifteen other constituent units developed on Hyderabad campus. #5 University College of Engineering, Hyderabad University College of Engineering, Hyderabad scores 38.43 points on the NIRF merit list and is placed in the 88th position among the leading engineering educational institutions in the nation. A highly preferred destination for those pursuing technological courses under different engineering domains, the college was created in the year 1929 and this was the sixth engineering college established under the British regime in India. #6 Chaitanya Bharathi Institute of Technology, Hyderabad On the NIRF merit list, Chaitanya Bharathi Institute of Technology located in Hyderabad scores 35.32 points and occupies the 124th place among the leading engineering educational institutions in India. Established in the year 1979, this is a private educational institute affiliated to the Osmania University. Today this is an autonomous institution approved by AICTE. #7 Vallurupalli Nageswara Rao Vignana Jyothi Institute of Engineering and Technology, Hyderabad The NIRF merit list awards 34.99 points to this college placing Vallurupalli Nageswara Rao Vignana Jyothi Institute of Engineering and Technology, Hyderabad in the 127th position among the top engineering education institutions in India. This is one of the most reputed colleges for engineering courses in Hyderabad established in 1995. #8 CVR College Of Engineering, Ibrahimpatan The score bagged by CVR College of Engineering on the NIRF merit list is 33.87. The college ranks in the 141 position among the leading institutions in the country offering engineering courses. The college offers B.Tech and M.Tech programs across a diverse number of highly sought after engineering branches like Artificial Intelligence, Data Sciences, Electrical Power Engineering, Embedded Systems, Structural Engineering, VLSI Design. #9 Vardhaman College of Engineering, Rangareddy Placed in the 143rd position among the top engineering colleges in India, Vardhaman College of Engineering, Rangareddy is a highly sought after destinations in Telangana for pursuing engineering courses. The college is affiliated to the Jawaharlal Nehru Technological University, Hyderabad and approved by the AICTE and was established in 1999. #10 SR Engineering College, Warangal Scoring 32.95 points on the NIRF list, SR Engineering College located in Warangal is positioned in the 160th place among the top engineering colleges in the country. The college is deemed as one of the best institutions in Telangana for engineering courses. Established in 2002 and accredited by NBA and AICTE, the college offers around 18 courses under different engineering disciplines.

Top 10 engineering colleges and universities in Telangana

<div class="KonaFilter image-container display-table float_right"><div><div class="image on-image">AppleDan Riccio, Apple senior vice president for hardware engineering</div></div></div>Graphics experts who want to work for Apple might not need to move to California. Apple is currently hiring several graphics chip specialists in its Orlando, Florida offices. In the past week, Apple has posted <a href="https://jobs.apple.com/us/search?#location&amp;t=1&amp;sb=req_open_dt&amp;so=1&amp;lo=2*Orlando*USA*958*ORL&amp;pN=0">seven new job listings</a> for graphics processing unit (GPU) engineers in Orlando. Four of the positions are listed as graphics verification engineers, one listing is for a graphics software engineer, and Apple is also looking for a graphics RTL (register-transfer level) designer. These employees, in Apple's hardware engineering department, will likely work at Apple's under-the-radar office in the Orlando University Center near the University of Central Florida. Apple started building out that office as a center for GPU design in 2013.Here are a few of the skills Apple is looking for: <ul><li>Graphics architecture and programming (OpenGL/OpenCL) highly desired</li><li>GPU modeling experience and hardware experience a strong plus</li><li>Advanced knowledge of CPU or preferably GPU design architectures, VLSI circuits, and digital logic design</li><li>3 years of hands on experience in front-end design synthesis and large chip integration</li></ul>These job listings were posted as rumors continue to fly that Apple is designing its own graphics processor for iPhones and iPads. <a href="http://www.fudzilla.com/news/graphics/39417-apple-building-a-gpu">IT blog Fudzilla reported in December</a> that Apple had been working for years to create its own mobile GPU, although speculation over whether Apple was designing its own GPU had been going on for years. <div class="KonaFilter image-container display-table"><div><div class="image on-image">BI Screenshot/Google MapsApple's Orlando office is in this complex.</div></div></div>Apple is one of a few companies that designs their own processors and chips. If it were to design and integrate its own GPUs as well, it could achieve gains in power and efficiency. <a href="http://recode.net/2015/10/23/apple-hires-an-artificial-intelligence-expert-from-nvidia-is-he-going-to-work-on-self-driving-cars/">GPUs are also a key part</a> of deep learning technologies, which some experts believe Apple <a href="http://www.cnbc.com/2016/05/03/this-top-venture-capitalist-thinks-apple-is-missing-the-mark-on-whats-hot-in-tech.html">should be focusing more on</a>. Currently, Apple purchases <a href="http://www.anandtech.com/show/9686/the-apple-iphone-6s-and-iphone-6s-plus-review/5">PowerVR graphics processors</a> for iPhones from UK-based Imagination Technologies. Apple confirmed in March that it had entered into talks to buy its GPU supplier, but did not plan to make an offer. An analysis of LinkedIn profiles shows that Apple continues to hire engineers from Imagination Technologies, with at least five employees jumping from Imagination to Apple in the past 8 months, including one manager who had spent 16 years at Imagination Technologies.Most of those employees work on GPU device drivers in California, but one works on the kind of image processing that a self-driving car might use. <div class="margin-top"> <h3>NOW WATCH: <a href="http://www.businessinsider.com/how-to-find-your-uber-passenger-rating-2016-4">How to find out your Uber passenger rating</a></h3> <div> <div> <div class="ooyala-video-player" data-video-autoplay="false" data-video-id="l0a2s4eTo4Zk6e0tey7l9C2gDBEbblAN" data-player-variable="ooyalapopvideo" id="ooyalaplayer_popvideo" style="width:1280px;height:720px"></div> </div> </div> </div>

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Wipro’s revenues fall 2% in Q2, guides for a steeper fall in Q3

Katya Naidu

Tech Mahindra to acquire 70 pc stake in Cerium Systems

PTI

Tech Mahindra Q3 net profit dips 4.7% to Rs 1,146 cr

PTI

Top 10 engineering colleges and universities in Telangana

BI India Bureau

Job listings suggest Apple might take its chipmaking to the next level

Kif Leswing

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