Doha, Dubai, and Bangalore, India - September 21, 2015:
Wipro Ltd. (NYSE:WIT), a leading global information technology, consulting and business process services company, today announced plans to expand its workforce over the next twelve months in Qatar, a strategic growth market, to meet increasing business requirements.
Wipro provides consulting, application implementation and infrastructure services across various domains to the customers in this region. Currently, over 350 employees work on Wipro’s Qatar based customer projects.
Speaking at the inauguration ceremony of the new office in Doha, Hariprasad Sasidharan, Country Head, Qatar & Kuwait, Wipro Limited said, "Qatar, today offers a great opportunity for Wipro and we believe in combining our industry domain skills with technology to bring business value to our clients. We are seeing demand for propositions like digital, analytics and mobility and it is encouraging to see Qatar leading the investments in some of these areas."
Wipro has added customers across various sectors and has a strong base in banking, telecom as well as oil & gas verticals. Today, the company serves more than thirty customers in Qatar.
"Over the last fifteen years, Wipro has seen high growth in the Middle East market. Despite the fluctuating oil prices, the IT demand across the region is holding steady and Qatar is in an enviable position due to prolonged budget surplus in the last few years along with adequate reserves to see them through the current market situation. Given the strong pipeline in Qatar, Wipro plans to significantly increase the headcount over the next twelve months and scale up its near shore delivery centers", said Jack Smies, Vice President and Business Head Middle East, Wipro Limited.
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
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.