5 Best Affordable Tech Stocks to Invest In Now

3. Wipro Limited (NYSE: WIT)

Price as of May 12, 2021: $7.29 per share
Number of Hedge Fund Holders: 11

Wipro Limited (NYSE: WIT) is a global information technology (IT) that offers consulting and business process services to companies worldwide. 

The technology company has announced that it is setting up an Innovation Centre in Holborn, London. The new 20,000 sq. ft. Innovation Centre is expected to cost £16 million, and its construction is expected to take four years. The center is expected to offer technology expertise to companies in the U.K and worldwide and will be pivotal in offering advanced cybersecurity, digital, and cloud expertise to both start-ups and large established multinational companies.

Wipro Limited (NYSE: WIT) also announced that it has achieved the Google Cloud Partner Specialization in application development. This is the company’s fourth Partner Specialization badge from Google Cloud after the company was recognized for outstanding migration, cloud security, and digital work transformation. 

The company recently announced results for Q1 2021, with gross revenues increasing 3.4% to $2.2 billion and net income increasing 27.8% to $406.4 million compared to Q1 2020. In the FY 2021, the company projects revenue from its IT Services business to amount to between $2.20 billion and $2.24 billion.