New York, USA and Bangalore, India – February 14, 2022: Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading global information technology, consulting and business process services company, today announced that it was ranked #4 in HFS’ Top 10: Banking and Financial Services—The Best of the Best Service Providers report, which evaluated the capabilities of the world’s top providers of banking and financial services.
The study evaluated the capabilities of providers across the HFS Banking and Financial Services (BFS) value chain based on execution, innovation, voice of the customer (VOC), and a new criteria for 2021, alignment with the HFS OneOffice model, which is HFS’ vision for digital transformation.
The Capco acquisition, which added more than 6,000 financial services experts and many of the world’s leading financial institutions to Wipro’s client roster, was a significant factor in Wipro’s strong showing in the report. Consulting-driven transformation, anchored by the Capco acquisition, led Wipro to be ranked #1 in the growth category, #2 in strategy and vision, and #2 in depth and breadth of capabilities. The Capco acquisition, announced in March 2021, is Wipro’s biggest yet.
“Our continued investment in our banking and financial services capabilities, reinforced by our recent acquisition of Capco, continue to set us apart in the marketplace,” said Harpreet Arora, Vice President, Wipro Limited. “As we enhance our capabilities and become the engine behind our customers’ digital journey, our services and solutions are increasingly critical to driving business outcomes and exceptional digital experiences for our customers. We are thrilled to receive this recognition from HFS.”
Commenting on Wipro’s recognition, Elena Christopher, Research Leader, Financial Services, HFS Research said, “We congratulate Wipro on a strong performance. Wipro showed notable strides during the assessment period including its biggest ever acquisition with Capco, strong results from no-longer new CEO Thierry Delaporte, a simplified operating model that’s helping amp customer engagement and enabling end-to-end solutions. Wipro’s BFS business is really the poster child for the revitalization the company is undergoing and its continued focus on offering end-to-end capabilities with well-oiled delivery capabilities.”
About Wipro Limited
Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO) is a leading global information technology, consulting and business process services company. We harness the power of cognitive computing, hyper-automation, robotics, cloud, analytics and emerging technologies to help our clients adapt to the digital world and make them successful. A company recognized globally for its comprehensive portfolio of services, strong commitment to sustainability and good corporate citizenship, we have over 220,000 dedicated employees serving clients across six continents. Together, we discover ideas and connect the dots to build a better and a bold new future.
The forward-looking statements contained herein represent Wipro’s beliefs regarding future events, many of which are by their nature, inherently uncertain and outside Wipro’s control. Such statements include, but are not limited to, statements regarding Wipro’s growth prospects, its future financial operating results, and its plans, expectations and intentions. Wipro cautions readers that the forward-looking statements contained herein are subject to risks and uncertainties that could cause actual results to differ materially from the results anticipated by such statements. Such risks and uncertainties include, but are not limited to, risks and uncertainties regarding fluctuations in our earnings, revenue and profits, our ability to generate and manage growth, complete proposed corporate actions, intense competition in IT services, our ability to maintain our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, the success of the companies in which we make strategic investments, withdrawal of fiscal governmental incentives, political instability, war, legal restrictions on raising capital or acquiring companies outside India, unauthorized use of our intellectual property and general economic conditions affecting our business and industry. The conditions caused by the COVID-19 pandemic could decrease technology spending, adversely affect demand for our products, affect the rate of customer spending and could adversely affect our customers’ ability or willingness to purchase our offerings, delay prospective customers’ purchasing decisions, adversely impact our ability to provide on-site consulting services and our inability to deliver our customers or delay the provisioning of our offerings, all of which could adversely affect our future sales, operating results and overall financial performance. Our operations may also be negatively affected by a range of external factors related to the COVID-19 pandemic that are not within our control. Additional risks that could affect our future operating results are more fully described in our filings with the United States Securities and Exchange Commission, including, but not limited to, Annual Reports on Form 20-F. These filings are available at www.sec.gov. We may, from time to time, make additional written and oral forward-looking statements, including statements contained in the company’s filings with the Securities and Exchange Commission and our reports to shareholders. We do not undertake to update any forward-looking statement that may be made from time to time by us or on our behalf.