Wipro Strengthens Partnership With SAP on Industry Cloud Solutions for Real Estate Sector

Launches the Tenant Acquisition Management Solution for Real Estate

Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading global information technology, consulting and business process services company, today announced that it will co-innovate with SAP SE on cloud-based solutions for the real estate industry.

Building on the Intelligent Enterprise strategy, SAP is expanding its vertical solutions to fill the whitespace in its portfolio with an ecosystem of industry cloud applications that leverage SAP® Cloud Platform with advanced technologies, and are interoperable with SAP Business Network and the intelligent suite. Partners are an integral part of SAP’s Intelligent Enterprise strategy and Wipro is contributing their industry insights and knowledge in the development of purpose-built solutions for the real estate industry.

To start with, Wipro has launched the Tenant Acquisition Management (TAM) solution for the real estate industry. Anchored with intelligent technologies like robotic process automation, artificial intelligence and machine learning,

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SAP Q3 2020: Software license revenue plummets, demand weakens as COVID-19 strengthens its grip

SAP has reported third-quarter earnings results revealing reduced income and COVID-19’s impact on the company’s cloud business.

SAP’s Q3 2020 earnings (statement) (.PDF), ending September 2020, reveal revenues of €6.54 billion IFRS, down 4% year-over-year (or flat non-IFRS and at constant currencies) with basic earnings per share of €1.32 (€1.70 non-IFRS).

In Q2 2020, SAP reported €6.74 billion IFRS revenue.

SAP reported an operating profit of €1.47 billion IFRS, down 12% year-over-year and 1% to €2.07 billion non-IFRS and up 4% non-IFRS at constant currencies. 

SAP says this reduction in operating profit is “primarily due to higher share-based compensation expenses compared to the prior year period.”

Operating cash flow for the first nine months of the year was €5.09 billion, up 54% year-over-year due to “lower restructuring-related payments and lower income tax payments.” 

A cloud backlog of €6.6 billion has been recorded, while cloud revenue grew by 11% year-over-year, to

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TerraPay strengthens its entry in North America with FINTRAC Canada MSB License

TORONTO and HAGUE, Netherlands, Oct. 26, 2020 /PRNewswire/ — Canada’s growth lends itself to an increasing population of immigrants boosting the economy. Fuelling its aim to attract migrants to the nation in the next few years calls for a seamless and secure framework to facilitate the money transfer requirements of all participants in the payments ecosystem.


As per the World Bank data estimated in 2018*, the outward remittance value of US$ 27B from Canada, with a growing share of digital remittances, reflect a global move towards cashless economies.

With an aim to further strengthen this drive to cater efficiently to the dynamic money transfer needs of the industry, TerraPay, a leading global payments infrastructure company, has recently announced its MSB registration with the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC).

This license will facilitate the Company’s unparalleled and robust cross-border payments infrastructure to mobilize

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