Azim Premji is not only one of India's biggest entrepreneurs, he is also the face of corporate philanthropy.

Neemuchwala received Rs 6.29 crore in gross salary, Rs 1.70 crore in variable pay, Rs 10.2 crore in other annual compensation with other addition perks, taking his total compensation to Rs 18.23 crore for FY2017-18.

Tariq Premji, who started off working in the family investment arm Premji Invest, joined the Wipro Enterprises board effective June 1. The 30-year-old has previously spent considerable time in the philanthropic initiatives of the family.

During the fiscal, Premji was paid $69,173 in salary and allowances, $5,13,296 in commission, $91,452 (other heads) and $93,764 as long-term compensation (deferred benefit).

Wipro has been in a slow growth mode for the past few years and attempts by the management to put it on a higher growth path has been yielding results at a sluggish pace.

Retiring CFO Suresh Senapaty said he was leaving the company at a time when it is in a more stronger position to leverage its resources and capabilities.

Wipro clocked revenues of Rs 12,085 crore for the quarter ending December 31, a sequential growth of 3.8 per cent.

Wipro said its IT services revenue for the quarter under review stood at Rs 11,344 crore as against Rs 10,923 crore in Q3 of FY14.

Captains of $100 billion IT industry are placing their bets on former Infoscians Nandan Nilekani and V Balakrishnan in this Lok Sabha polls, expecting them to lead a change in political landscape and work towards job creation and economic growth.

As traditional headcount-and-revenues evaluation of IT companies loses relevance, the software industry needs to disclose more.They need to do this for the analyst community to be able to accurately model and forecast revenue and profitability growth.

Consolidated total income of the IT major was up by 10 per cent to Rs 10,989.1 crore for the October-December quarter in the current fiscal against Rs 9,965.1 crore in the same period of 2011-12 fiscal.

Total income from operations during the reporting quarter stood at 10,620.3, against Rs 9,064.5 crore in the July-Sept period of last fiscal, an increase of 17.16 per cent.

Wipro Chief Financial Officer Suresh Senapathy says the demerger will bring clarity in the minds of customers, target companies, investors and analysts, thus improving the competitiveness of Wipro Ltd.

The IT major said that it will stick to its hiring target for the year.

Though the global software major grew its topline and bottomline in double digits on annualised basis in rupee terms, its net income and revenue from its IT services business slipped sequentially in dollar terms in the first quarter of this fiscal.

The IT bellwether reports a consolidated net profit of Rs 1,580.20 crore for the April-June quarter, while projecting a flat growth in second quarter.

In line with market expectation, Wipro posts 18.37 per cent increase in consolidated net profit at Rs 1,580.2 crore for the first quarter ended June 30, 2012.

IT giant Wipro's Chairman and Managing Director Azim Premji saw his remuneration falling by nearly one-third to Rs 1.9 crore last fiscal, but the group's IT business CEO T K Kurien's pay package grew over five times to Rs 4.5 crore.

The company expects revenues from IT services business to be in the range of $1,520 million to $1,550 million in the first quarter of this fiscal.

Wipro expects revenues from IT services business to be in the range of $1,520 million to $1,550 million, a sequential increase of one per cent to three per cent, for the fourth quarter ending March 31.