Bangalore, India - November 28, 2012:
Wipro Technologies, the Global Information Technology, Consulting and Outsourcing business of Wipro Limited (NYSE: WIT), today announced that it has been recognized as a winner of the Global MAKE (Most Admired Knowledge Enterprises) Award 2012. Established in 1998, the Global MAKE Awards are administered by Teleos, an independent research firm based in the United Kingdom.
This is the fifth time that Wipro has been recognized as one of the top global organizations that transforms corporate knowledge into intellectual capital for the enterprise and increases stakeholder wealth by transforming new as well as existing enterprise knowledge into superior products, services or solutions. Wipro has also won the Asian MAKE Award-2012, thus winning the annual award ten times in a row.
The panel that selected the Global MAKE award winners comprised of Global Fortune 500 senior executives as well as internationally recognized knowledge management and intellectual capital experts. The panel rated organizations as per the MAKE framework of key knowledge performance dimensions, which are visible drivers of competitive advantage and intellectual capital growth.
Rory Chase, Managing director of Teleos said: "Wipro Technologies along with the other 2012 Global MAKE Winners are recognized as leaders in effectively transforming enterprise knowledge into wealth-creating ideas, products and solutions. Their expanding portfolios of intellectual capital are enabling them to out-perform their competitors during this extended period of global economic uncertainty."
Acknowledging the recognition Devender Malhotra, Chief Quality Officer, Wipro Technologies, stated: "At Wipro, Knowledge Management (KM) encompasses all stakeholders -- our employees, customers and even suppliers. KM penetration at the grass root level and innovation are key levers for our delivery teams to delight our customers."
Acknowledging the recognition, Dr. Hariprasad Reddy, Head, Knowledge Management, Wipro Technologies expressed, "We are pleased to see our commitment recognized through this prestigious award. At Wipro, we are focused on integrating the tenets of knowledge management in the employee life cycle as well as incorporating key elements in the work that we do for customers. This approach is helping us add more business value both within our organization and for our customers".
The Global MAKE study has found successfully managing enterprise knowledge can yield significant dividends for stakeholders. The 2012 Global MAKE Winners trading on NYSE/NASDAQ showed a Total Return to Shareholders (TRS) of 19.7% for the ten-year period 2002-2011 which is nearly three times the average Fortune 500 Company median.
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 135,000 employees and clients across 54 countries. For more information, please visit www.wipro.com
Teleos, an independent knowledge management and intellectual capital research firm, administers the MAKE program. The KNOW Network is a Web-based global community of organizations dedicated to achieving superior performance through networking and best practice knowledge sharing.
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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.