Bangalore, India - April 29, 2011:
Wipro Technologies, the global Information Technology, Consulting and Outsourcing business of Wipro Limited (NYSE:WIT), has been feted with the coveted 'Verizon Supplier Recognition' Award in the 'IT Products and Services' category, for the year 2010, by Verizon Communications, a global leader in delivering broadband and other wireline and wireless communications services. The annual award recognizes Verizon's top suppliers that have helped the communications leader provide exceptional service to its customers.
Wipro was selected for the award at the 2010 Verizon Annual Supplier Recognition program held recently, at Verizon's headquarters in Basking Ridge, New Jersey. Vinesh Shah, General Manager & Client Partner from Wipro Technologies' Global Communication Service Provider Vertical, received the award on behalf of Wipro Technologies.
Wipro Technologies is a strategic supplier for Verizon and provides business solutions and consultancy to the communications giant. The company works with Verizon on initiatives based on leading technologies like cloud computing, virtualization and optimization, sustainability, and LTE (Long Term Evolution), which help Verizon lead in today's competitive environment.
Speaking on this achievement, Anil Jain, Senior Vice President and Global Head - Global Communication Service Provider Vertical, Wipro Technologies, said, "This award reconfirms our strategic engagement with Verizon and signifies our strong commitment to support Verizon in the unceasing endeavor to sustain a competitive edge, as well as develop winning business outcomes to stay ahead of competition."
Wipro Technologies is a strategic partner to industry players across the telecom value chain such as semiconductor vendors, device vendors, OSS (operations support systems) /BSS (business support systems) independent software vendors, telecom equipment manufactures and telecom service providers. Wipro's vertically aligned business model enables a deep understanding of customer's businesses to build industry-specific solutions, while technology service lines give Wipro the ability to design new solutions on emerging technologies, and thus help customer and partner organizations do business better.
About Wipro Technologies
Wipro Technologies, the global IT business of Wipro Limited (NYSE:WIT) is a leading Information Technology, Consulting and Outsourcing company, that delivers solutions to enable its clients do business better. Wipro Technologies delivers winning business outcomes through its deep industry experience and a 360 degree view of "Business through Technology" – helping clients create successful and adaptive businesses. A company recognized globally for its comprehensive portfolio of services, a practitioner's approach to delivering innovation and an organization wide commitment to sustainability, Wipro Technologies has 120,000 employees and clients across 54 countries.
For more information, please visit www.wipro.com
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Forward-looking and Cautionary Statements
Certain statements in this release concerning our future growth prospects 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 fluctuations in our earnings, revenue and profits, our ability to generate and manage growth, 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. 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. 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.