Bangalore, India and East Brunswick, New Jersey, USA - July 10, 2013:
Wipro Ltd. (NYSE:WIT), a leading global Information Technology, Consulting and Outsourcing company today announced that Wipro BPO has been positioned among the top worldwide Finance and Accounting (F&A) services providers by leading analyst firm HfS Research in its "Blueprint Report on Finance and Accounting BPO," authored by analysts Phil Fersht and Brian Dubiel.
Unlike other quadrants and matrices, the HfS Blueprint identifies relevant differentials among service providers across a number of facets, under two main categories: innovation and execution. While Execution represents service providers’ ability to deliver services, Innovation represents service providers’ ability to improve services.
According to the report, Wipro’s process competency is well respected and enjoys a long standing reputation for delivering BPO competency particularly, in F&A that sits well with Wipro’s DNA and culture. Wipro’s price competitiveness and solution flexibility along with experience in providing end-to-end support for F&A services in addition to point solutions has been cited as a key value add for Wipro. Citing Wipro’s differentiating factors, the report also mentions the company’s strong passion and capabilities in developing technology platforms to support BPO prowess, notably Wipro’s impressive BASE)))TM, a technology-enabled platform, offering a suite of end-to-end finance service delivery and analytics applications.
Wipro ranks high on the Innovation front in the report. HfS notes that Wipro’s additional emphasis on developing vertical capabilities has also helped it in becoming one of the more innovative firms and a real "dark horse" to watch in the coming months.
The report ratings are based on a broad range of stakeholders with specific weightings derived from 1,355 crowd-sourced responses. The various stakeholders that participate in the ratings include buyers, service providers, industry influencers (sourcing advisors), sourcing executive council members and analysts.
Ashwin Bhatia, Vice President, Corporate Business Services, Wipro BPO said, "We are delighted to have been rated favorably in the HfS research report. We have successfully delivered complex programs, consolidated operations and delivered efficiency benefits resulting in quantifiable business value for our customers. Our key differentiator is our passion to positively impact our clients’ business and our capabilities in developing F&A technology platforms to support BPO, notably our BASE)))TM offering, a suite of end-to-end finance service delivery and analytics applications."
The HfS Research Blueprint on Finance and Accounting BPO, including additional data about Wipro’s positioning as a "High Performer" is available by contacting insights@hfsresearch.com
Wipro BPO, the Business Process Outsourcing service line of Wipro Technologies, is one of the largest BPO service providers on a global delivery platform. It has the capabilities to provide onshore, near shore, offshore and hybrid delivery options, operating from more than 30 centers across 13 countries. Its Finance and Accounting practice services 130 countries, globally.
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 a workforce of 140,000 serving clients across 57 countries. For more information, please visit www.wipro.com.
Wipro Media Contacts
Subhashini Pattabhiraman
Wipro Limited
+91 80 39916558
subhashini.pattabhiraman@wipro.com
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.
