East Brunswick, New Jersey, USA and Bangalore, India - November 9, 2015:
Leader in the Indian Organizations in Asian MAKE
Wipro Limited (NYSE:WIT), a leading global information technology, consulting and business process services company, today announced that it has been recognized among the top 3 companies who have been awarded the Asian MAKE (Most Admired Knowledge Enterprise) Award. The MAKE Awards are administered by Teleos, an independent research firm based in the United Kingdom. The winners for the Asian MAKE award are selected by a panel of Fortune Global 500 senior executives and leading knowledge management (KM) and intellectual capital experts, based in Asia.
The 2015 Asian MAKE panel recognised Wipro for creating a knowledge-driven enterprise culture. This is the thirteenth consecutive year that Wipro has been recognised as an Asian MAKE Winner.
The Asian MAKE study recognises Asian head quartered organisations for their ability to create shareholder value by transforming new as well as existing enterprise knowledge into superior products, services and solutions.
Based on the findings of the 2015 Asian MAKE study, the benefits of the economic and competitive advantages of ‘pursuing a business strategy based on knowledge leadership' are tangible and significant. Successfully managing enterprise knowledge yields big dividends. The 2015 Asian MAKE Winners' average Return on Revenues (ROR) was 13.7% - 3.5 times that of the Fortune Global 500 ROR company median. The average Return on Assets (ROA) for the 2015 Asian MAKE Winners was 15.2% - 5.9 times that of the Fortune Global 500 ROA company median.
Wipro's KM initiatives have been facilitating seamless knowledge flow between all stakeholders like customers, partners and the delivery teams. The focus has been on creating business value and delivering enhanced customer experience through the organization's collective knowledge.
Rory Chase, Managing Director, Teleos said: "Wipro, a member of the 2015 Asian Most Admired Knowledge Enterprises (MAKE) Hall of Fame, has been recognised as a leader in creating a knowledge-driven, customer-focused company. Wipro is expanding its portfolio of intellectual capital, enabling the firm to out-perform its competitors during this period of continuing economic uncertainty."
Acknowledging the recognition, Abidali Z. Neemuchwala, Group President & Chief Operations Officer, Wipro Ltd. stated, "Wipro has a long tradition and an ingrained culture of building knowledge repositories. Cognitive intelligence, hyper-automation and digital technologies will play a defining role in the future. Our investments towards building expertise in these domains will help us empower our customers to stay ahead of their competition. Winning the Asian MAKE award for the past 13 years bears testimony to the value we attach to being a knowledge-driven organization."
"Experimentation and Innovation are key levers for driving various KM initiatives within Wipro and the current focus is on KM digitalization. The recognition as 2015 Asian MAKE winner reinforces the business value that is being provided for our stakeholders", added Dr. Hariprasad Reddy, Head of Knowledge Management, Wipro Ltd.
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 150,000, serving clients in 175+ cities across 6 continents. 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.
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.