MAM
Sony Computer Entertainment acquires Guerrilla Games
MUMBAI: Sony Computer Entertainment (SCE) has acquired Guerrilla Games to further expand its development capability as part of Worldwide Studios (WWS).
In a strategic move to secure long term excellence in game development for current and future PlayStation platforms, the acquisition of Guerrilla has formalised the already close working relationship between Sony Computer Entertainment and the studio.
Commenting on the acquisition, SCE WWS president Phil Harrison said, “Guerrilla have a great combination of creative, technical and production talent in their team and we have enjoyed a close working relationship with their management and staff for a number of years. I am delighted that they will now become a member of the SCE Worldwide Studios network of developers. As we prepare for the launch of PlayStation 3 next year, this acquisition strengthens our development portfolio to take full advantage of the exciting entertainment opportunities provided by PSP, PlayStation 3 and beyond.”
Guerrilla managing director Hermen Hulst said, “Sony Computer Entertainment – with its truly global presence, leading platforms and commitment to innovation – is an ideal partner for Guerrilla and we are delighted to take our existing relationship to the next level.”
Guerrilla B.V.(http://www.guerrilla-games.com), based in Amsterdam, Netherlands is the award winning developer of the Killzone game for PlayStation 2, which has shipped close to two million units worldwide. The studio is currently working on a new Killzone title for PlayStation 3, early scenes of which were shown to wide acclaim when revealed at E3 earlier this year.
The studio is also developing a further game within the Killzone universe for PlayStation Portable (PSP). Guerrilla signed an exclusive development agreement with Sony Computer Entertainment Europe in March 2004 and the acquisition will help the team grow as a key creative element of the SCE Worldwide Studios network.
Brands
Wipro hires 7,500 freshers, withholds FY27 hiring outlook
Profit rises to Rs 3,522 crore, Rs 15,000 crore buyback announced.
MUMBAI- Hiring may be on, but visibility is off, Wipro is adding talent even as it pauses the crystal ball. The company hired 7,500 freshers in FY26 but stopped short of offering any hiring outlook for FY27, underscoring the uncertainty gripping the IT services sector as it pivots towards an AI-led operating model.
The disclosure came alongside its fourth-quarter earnings, where management flagged volatile demand conditions and refrained from committing to future workforce expansion. Chief human resources officer Saurabh Govil noted that over 3,000 of the total hires were onboarded in the March quarter alone, signalling continued intake despite a lack of clarity on deployment pipelines.
This divergence active hiring without forward guidance reflects a broader industry pattern where talent acquisition continues even as deal conversions remain uneven and client spending cycles stretch. Wipro expects its IT services revenue for the June quarter to range between a decline of 2 per cent and flat growth sequentially in constant currency terms, reinforcing near-term caution.
Chief executive officer Srini Pallia pointed to artificial intelligence as both a disruptor and an opportunity. He said evolving client priorities are pushing the company towards outcome-driven engagements, with Wipro increasingly focusing on a services-as-software model through its AI Native Business and Platforms unit. The shift marks a structural change from traditional headcount-led growth to AI-enabled delivery frameworks.
The company has already committed over $1 billion to its AI ecosystem, with investors closely watching how these investments translate into revenue. For now, the numbers present a mixed picture. Net profit rose sequentially to Rs 3,522 crore, while revenue grew 3 per cent to Rs 24,236 crore. However, core IT services performance remained under pressure, with full-year revenue declining 0.3 per cent in dollar terms and 1.6 per cent in constant currency.
Large deal bookings offered a counterpoint, rising 45.4 per cent year-on-year to $7.8 billion, highlighting a widening gap between deal wins and actual revenue realisation. On a quarterly basis, IT services revenue slipped 1.2 per cent sequentially, signalling continued softness in execution.
Margins, however, told a more optimistic story. Operating margins expanded to 17.3 per cent in the fourth quarter, up from 14.8 per cent in the previous quarter, reflecting improved cost discipline. That said, the company cautioned that upcoming wage hikes and the ramp-up of large deals could exert pressure going forward.
Attrition stood at 13.8 per cent in the March quarter, indicating stabilisation after periods of elevated churn. Alongside its earnings, Wipro also announced a Rs 15,000 crore share buyback, reinforcing its focus on shareholder returns, with a payout ratio of 88 per cent over the past three years.
Taken together, the numbers capture a company in transition investing in AI, maintaining hiring momentum, but navigating a demand environment where growth is uneven and visibility remains limited.
