Bangalore, India and East Brunswick, New Jersey, USA - May 13, 2013:
Wipro Ltd. (NYSE:WIT), a leading Global Information Technology, Consulting and Outsourcing company today announced that it has been named amongst the top 3 in the ‘2013 Global Outsourcing 100' list compiled annually by International Association of Outsourcing Professionals® (IAOP®), the global, standard-setting organization and advocate for the outsourcing profession. Placed at number three in the 2013 list, Wipro's ranking has moved up by four places from the previous year.
IAOP is in its eighth year of compiling its annual ranking of the world's best outsourcing service providers and advisors – The Global Outsourcing 100. The list includes companies from across the world, covering an entire spectrum of outsourcing service providers.
The ‘Global Outsourcing 100' list ranks companies based on parameters such as customer experience and global presence. Other parameters includes depth and breadth of competencies demonstrated through industry recognition, relevant certifications and investment in the development of people, processes and technologies; and finally, the executive leadership of the company.
Commenting on this ranking, Puneet Chandra, Chief Marketing Officer, Wipro said, "Today's rapidly changing market environment is triggering tectonic shifts in technology trends and customer requirements, and Wipro is constantly looking at solutions that will help businesses ‘differentiate at the front' and ‘standardize at the core'. This prestigious recognition is a testament to our customers' continued confidence in our capabilities towards adding value to their business; and our renewed emphasis on account management, deep domain skills, building targeted solutions and enhancing customer and employee engagement."
"As applicants continually raise the bar and as the outsourcing industry continues to grow and mature in many markets, competition is tougher," said Jag Dalal, Chief Advisor of Thought Leadership, IAOP and chairman of the judges' panel. "Being named to The Global Outsourcing 100 and The World's Best Outsourcing Advisors is a great achievement, particularly given the strong competition, and we are proud to recognize Wipro for their excellence."
The evaluation was done by an independent judging panel organized by IAOP.
The International Association of Outsourcing Professionals® (IAOP®) is the global, standard-setting organization and advocate for the outsourcing profession. With more than 120,000 members and affiliates worldwide, IAOP helps companies increase their outsourcing success rate, improve their outsourcing ROI, and expand the opportunities for outsourcing across their businesses. To learn more, visit http://www.IAOP.org
About Wipro Ltd.
Wipro Ltd. (NYSE:WIT) is a leading Information Technology, Consulting and Outsourcing company that delivers solutions to enable its clients do business better. Wipro 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 has over 140,000 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.