Bangalore, India - February 1, 2010:
Wipro Infotech, the India and Middle East IT Business of Wipro Ltd and a leading provider of IT and business transformation services today announced that it has been named the “Indian IT Company of the Year” by Springboard Research, a leading analyst and IT market research firm. The report titled “India IT Market Predictions 2010”, assigned awards for noteworthy dynamics in the India IT industry in 2009. Springboard Research mentioned in its report that its ‘decision to choose Wipro Infotech as the Indian IT services company of the year is not only due to its impressive revenue growth and client acquisitions, but also for its proactive push toward green technology. The company has invested significantly in its green IT portfolio over the last year to focus on consulting, green data centers, carbon accounting, paperless administration, and freight management solutions.’
The report stated that ‘Wipro Infotech is in the top echelon of Indian IT companies that have performed remarkably well in the recent past. Thanks to its strong focus on the domestic IT market, the company was able to record services growth of more than 40% in 2008-2009. The company has also won several landmark deals across verticals. A significant win was in May, 2009 when Wipro was awarded a multi- million long term outsourcing contract from Unitech Wireless (A Unitech Telenor company). In October 2009, Wipro won a 10 year total outsourcing agreement from Delhi International Airport (P) Limited (DIAL) to provide world class IT Infrastructure and Services for Indira Gandhi International Airport (IGIA), New Delhi. These significant deals demonstrate the growing maturity of the Indian IT service provider, and show how Wipro built its capabilities rapidly in the domestic market to handle large complex infrastructure environments.
Mr. Anand Sankaran, Sr. Vice President & Business Head, India & Middle East business of Wipro said: “We are happy to be named the Indian IT company of the Year. We have been focusing on the Indian market for a long time now and driving a high growth strategy here. In spite of the global slowdown, we have had a good year with some marquee wins as the domestic market showed good traction and our strong focus and deep customer relationship kept us ahead. Going forward, we would like to keep this momentum going and drive transformation for our customers.”
About Wipro Infotech
Wipro Infotech, a division of the US$5 billion Wipro Limited, provides enterprise customers with high value Information Technology Products, Software Services, Solutions and Consulting Services in India and the Middle East. Headquartered at Bangalore, Wipro Infotech serves customers in India through a network of 22 offices and 170 service locations across the country. It also has regional offices across the Middle East serving the region.
About Wipro Ltd
Wipro Limited provides comprehensive IT solutions and services, including systems integration, information systems outsourcing, IT enabled services, package implementation, software application development and maintenance, and research and development services to corporations globally. Wipro Limited is the first PCMM Level 5 and SEI CMM Level 5 certified IT Services Company globally. In the Indian market, Wipro is a leader in providing IT solutions and services for the corporate segment in India offering system integration, network integration, software solutions and IT services. In the Asia Pacific and Middle East markets, Wipro provides IT solutions and services for global corporations. Wipro also has profitable presence in niche market segments of consumer products and lighting. Wipro's ADSs are listed on the New York Stock Exchange, and its equity shares are listed in India on the Stock Exchange - Mumbai, and the National Stock Exchange.
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Wipro's forward looking and cautionary statements
Certain statements in this release concerning our future growth prospects and our ability to successfully complete and integrate potential acquisitions are forward looking statements, which involve a number of risks, and uncertainties that could cause actual results to differ materially from those in such forward looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding our ability to integrate and manage acquired IT professionals, our ability to integrate acquired assets in a cost effective and timely manner, fluctuations in earnings, our ability to manage growth, intense competition in IT services including those factors which may affect 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, liability for damages on our service contracts, the success of the companies in which Wipro has made strategic investments, withdrawal of fiscal governmental incentives, political instability, legal restrictions on raising capital or acquiring companies outside India, unauthorized use of our intellectual property and general economic conditions affecting our industry. Additional risks that could affect our future operating results are more fully described in our filings with the United States Securities and Exchange Commission. These filings are available at www.sec.gov. Wipro 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. Wipro does not undertake to update any forward-looking statement that may be made from time to time by or on behalf of the company.
Wipro Infotech Media Contact
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