Bangalore, India and East Brunswick, New Jersey, USA - July 18, 2013:
Wipro Ltd. (NYSE:WIT), a leading global Information Technology, Consulting and Outsourcing company today announced that it has been recognized by Sears Holdings with its prestigious ‘Partner in Transformation’ award.
The award honors suppliers that excel in supporting the transformation of Sears Holdings through innovation around the Shop Your Way program, core retail excellence, financial and operational discipline. Of the more than 30,000 suppliers that work with Sears Holdings, less than 0.5 percent receive the award.
Wipro supports Sears Holdings by providing a comprehensive set of retail analytics and outsourced back office services.
"Wipro is a true partner who provides a multi-tower contract for F&A, HR and Procurement," said Rob Riecker, Vice President, Controller and Chief Accounting Officer for Sears Holdings. "Wipro’s services are delivered with proven results, quality, innovation and flexibility."
"We’re honored to receive this prestigious award," said Manoj Punja, Sr. Vice President and Global Head, Wipro BPO. "This award reaffirms our strategic, value-based partnership with Sears Holdings and we look forward to enabling Sears’ success through business transformation."
Wipro is a key partner to many of the world’s leading retailers. Wipro works with customers, across all retail formats to help them increase efficiency and drive growth by refining their retail offerings and facilitating new organizational and technological capabilities.
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.
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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.