{"id":110004,"date":"2023-09-14T13:51:52","date_gmt":"2023-09-14T08:21:52","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=110004"},"modified":"2023-09-14T13:51:58","modified_gmt":"2023-09-14T08:21:58","slug":"it-stock-jumps-up-to-2-after-company-launches-a-cyber-defense-center-overseas","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/it-stock-jumps-up-to-2-after-company-launches-a-cyber-defense-center-overseas\/","title":{"rendered":"IT stock jumps up to 2% after company launches  a Cyber Defense Center overseas\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1815843260\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>The share of India&#8217;s fourth-largest IT service company rose around 2 percent to Rs 443.25 apiece after the company announced the launch of its Cyber Defense Center (CDC) in Dusseldorf, Germany.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2149928326\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>At 12:50 p.m., On the National stock exchange, <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/WIPRO\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Wipro Ltd<\/a><\/strong> shares were trading at Rs 437.55 per share, up 0.41 percent from the previous close price. The company has a market capitalization of Rs 2,28,394 crore.\u00a0<\/p><p>According to Wipro\u2019s exchange filing, The Company announced the launch of its Cyber Defence Centre (CDC) in Dusseldorf, Germany. Wipro&#8217;s Cyber Defence Centre, the 17th of its type, will offer its clients round-the-clock cybersecurity monitoring, incident response, and remediation assistance.&nbsp;<\/p><p>Further, The center will also provide tailored cybersecurity exercises for clients to train them on real-world scenarios and will stress-test their cyber defenses to assess their overall cyber resilience.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-555342650\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>As part of Wipro and Microsoft&#8217;s worldwide relationship, this center will use Microsoft&#8217;s portfolio of cybersecurity technologies, especially Microsoft Sentinel, Microsoft Defender for Endpoint, and Defender for IOT (Internet of Things) solutions.&nbsp;<\/p><p>For the most recent fiscal year, the company profitability ratios show a return on equity of 14.61 percent and a return on capital employed of 17.46 percent.&nbsp;<\/p><p>Wipro\u2019s revenue has increased by 6 percent year on year, from Rs 21,528 crore in Q1FY23 to Rs 22,831 crore in Q1FY24. During the same timeframe, Net profit has increased by 13 percent from Rs 2,560 crore to Rs 2,885 crore.&nbsp;<\/p><p>According to the latest shareholding pattern, the promoters hold 72.91 percent of the company, Domestic institutional investors hold 9.83 percent and Foreign institutional investors hold a 6.32 percent stake.&nbsp;<\/p><p>Wipro Ltd. is a global Information technology, consulting, and business process services (BPS) company that provides a holistic portfolio of capabilities in consulting, design, engineering, and operations.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Omkar Chitnis<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\">Disclaimer<\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-content-10\" id=\"trade-67965945\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><div class=\"trade-after-content\" id=\"trade-1920968307\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>The share of India&#8217;s fourth-largest IT service company rose around 2 percent to Rs 443.25 apiece after the company announced the launch of its Cyber Defense Center (CDC) in Dusseldorf, Germany.&nbsp; At 12:50 p.m., On the National stock exchange, Wipro Ltd shares were trading at Rs 437.55 per share, up 0.41 percent from the previous [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":28546,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[948,936,12126,8875,4201],"class_list":["post-110004","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-stock-market","tag-stock-market-news","tag-why-is-wipro-share-going-up","tag-wipro-latest-news","tag-wipro-share-price"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - 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