East Brunswick, New Jersey, USA and Bangalore, India - December 24, 2015
Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading global information technology, consulting and business process services company today announced that it has been ranked in the leadership zone in Telecom R&D services for the fourth consecutive year in an annual survey conducted by Zinnov Management Consulting Pvt Ltd., a leading Globalization and Market Expansion Advisory firm.
The Global Service Providers' Rating was carried out across 13 verticals. The final rating was based on a comprehensive capability analysis based on parameters such as depth of offerings, IPs, solutions, talent pool and client base. The study is undertaken by Zinnov to help customers understand the service provider landscape and make informed sourcing decisions. It also enables service providers to showcase their capabilities and benchmark their services against that of their peers. This recognition reiterates Wipro's leadership position in telecom which is backed by strong R&D capabilities and infrastructure.
Sidhant Rastogi, Partner & Practice Head, Zinnov said, "Wipro's has continuously been rated among the leaders in Zinnov's GSPR ratings for Telecom vertical. Wipro's scale of practice and breadth of capabilities catering both Communication Equipment and Service providers is among the best in the industry. Their rich portfolio of high value IPs/solutions and a substantial non - linear stream of revenues differentiate Wipro in the industry. Investments in newer technologies around Small cells, NFV, M2M communication etc. through dedicated Centres of Excellence makes them well equipped to continue leading the Telecom product engineering services industry in the long run.
Acknowledging the recognition, Vinay Rawat, Vice-President and Global Head of Network Equipment Providers, Wipro Limited said, "Our focus on next generation technologies and global delivery excellence are showing remarkable results as we continuously acquire deeper capabilities across a range of technologies in the telecom domain. We are now gearing up to work with our customers in the Automation, AI and Digital space to inspire innovation and fuel the next wave of growth in the industry. Wipro's position as a leader in the Zinnov survey reflects our ability to adapt to the evolving demand environment and our commitment towards empowering our customers to stay ahead of competition."
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.
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." By combining digital strategy, customer centric design, advanced analytics and product engineering approach, Wipro helps its clients create successful and adaptive businesses. A company recognized globally for its comprehensive portfolio of services, strong commitment to sustainability and good corporate citizenship, Wipro has a dedicated workforce of over 160,000, serving clients in 175+ cities across 6 continents. For more information, please visit www.wipro.com
We at Zinnov (www.zinnov.com) assist our clients improve organization efficiency, innovation and revenue by leveraging global resources and markets. We offer deep expertise in Engineering, Digital and Globalization. Zinnov has been at the forefront of innovation and thought leadership. Our over a decade experience in globalization helps us in understanding customer problems and coming up with viable solutions.
Zinnov serves clients in Software, Automotive, Telecom & Networking, Semiconductor, Consumer Electronics, Storage, Healthcare, Banking, Financial Services & Retail Verticals in US, Europe, Japan &India. Zinnov was founded in 2002 and is head quartered out of Bangalore. The company has locations in Houston, Silicon Valley, Bangalore & Gurgaon.
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.