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Wipro surpasses Cognizant in market capitalization
Wipro, a leading global information technology, consulting, and business process services company, has gone past Cognizant in market capitalization.
Wipro is now the fourth-most valuable IT services firm globally after Accenture, TCS, and Infosys. The company is signaling renewed investor confidence in Wipro nearly a year after its new CEO, Thierry Delaporte took over.
According to media reports, Wipro’s ADR rose 2.4% to $7.4 apiece on the NYSE, giving the company a market capitalization of $38.1 billion.
Nasdaq-listed Cognizant Technology Solutions was up 1.2% at $71.5 in morning trade on the Nasdaq, with a market capitalization of $37.7 billion.
