Bangalore, India and East Brunswick, New Jersey, USA - December 2, 2014:
Wipro Ltd. (NYSE:WIT), a leading global information technology, consulting and business process services company, today announced that it has been ranked a leader in Telecom R&D services for the third consecutive year in an annual survey conducted by Zinnov Management Consulting Pvt. Ltd, a leading Globalization and Market Expansion Advisory firm.
This recognition reiterates Wipro's leadership in telecom and focus on next generation technologies such as SDN (Software Defined Network) and NFV (Network Function Virtualization). These technologies enable Wipro to partner with network equipment providers in their endeavor to build Digital Highways, the networks of the future. Wipro was also placed first in Zinnov's Global R&D Service Providers (GSPR) Rating 2013 for the fourth consecutive year.
"Telecom is one of the oldest and most mature practice areas within Wipro. The sheer spread in terms of the clients, deep capabilities across a range of technologies and unparalleled support eco-system of labs and IPs enables Wipro re-iterate its leadership position in Telecom," said Sundararaman Viswanathan, Associate Director, Zinnov Management Consulting.
"The telecom industry is at an inflection point in transitioning from hardware centric to software and services based industry," said Vinay Rawat, Vice-President and Global Head Network Equipment Providers, Wipro Ltd. He also added, "This transition should create mega opportunities for us. So keeping with this trend, we are currently making major investments in next generation solutions like SDN, NFV, Telco Cloud, Next Gen OSS, Analytics and SON/LTE. As we make progress in these areas, we plan to make bigger bets."
Over the last two decades, Wipro has established itself as the global leader in product engineering, R&D, IT and BPO services in the network equipment provider market. Wipro's services portfolio includes system engineering, software and hardware design, development, verification and validation services, product re-engineering and product support services.
Founded in 2002, Zinnov - meaning Zeal in Innovation - is a leading Globalization and Market Expansion Advisory firm, with specialization in areas such as Global Sourcing, Emerging Markets Expansion, Human Capital Optimization, Small & Medium Businesses, Innovation, Cloud Computing and Enterprise Mobility. Zinnov offers advisory services to global leaders in business and technology and works collectively with them to tackle prevailing organizational challenges by analyzing changing dynamics, improving performance, and building institutional capability. The services delivered to its clients through advanced reasoning and analytical techniques, provides solutions help in integrating organizational vision, business definition and processes.
Visit us at www.zinnov.com
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About Wipro Ltd.
Wipro Ltd. (NYSE:WIT) is a leading Information Technology, Consulting and Business Process Services 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 over 140,000, serving clients in 175+ cities across 6 continents. 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.