Dallas, Texas, USA - September 13, 2017:
Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading global information technology, consulting, and business process services company, today announced that it will partner with Rebuild Texas Fund to help in the recovery and rebuilding efforts following Hurricane Harvey, which left a trail of destruction across Texas. In order to support affected communities, Wipro will contribute $250,000 towards the Rebuild Texas Fund set up by the Michael & Susan Dell Foundation in collaboration with the OneStar Foundation.
Wipro has also initiated a voluntary donation program encouraging contributions from employees. Wipro will match employee contributions dollar for dollar and this amount will also be donated to the Rebuild Texas Fund.
The Rebuild Texas Fund is expected to operate for a minimum of one to three years, and will be deployed towards relief, recovery, and rebuilding the affected areas in Texas. The four focus areas of the Rebuild Texas Fund include: health and housing; schools and child care; workforce and transportation; and capital for small businesses. All administrative costs will be covered either by the OneStar Foundation or the Michael & Susan Dell Foundation, which means 100 percent of donations will go directly towards relief, recovery, and rebuilding.
“This unprecedented natural disaster calls for a massive rebuilding initiative. Wipro has a significant presence in Texas and a deep relationship with the local communities. We stand with the people of Texas affected by this natural disaster and hope that stability is brought to the lives of countless families devastated by the hurricane at the earliest,” said Abidali Z. Neemuchwala, Chief Executive Officer and Executive Director, Wipro Limited.
Wipro is also collaborating with First Book, a nationwide non-profit organization, with the goal to supply books to low-income schools and underprivileged students in the region. During the first week of October, Wipro will distribute over 18,000 books to children from low income families in Houston.
Wipro employs over 1,200 people in Texas, with major operations in Dallas and Houston.
About Wipro Limited
Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO) is a leading global information technology, consulting and business process services company. We harness the power of cognitive computing, hyper-automation, robotics, cloud, analytics and emerging technologies to help our clients adapt to the digital world and make them successful. A company recognized globally for its comprehensive portfolio of services, strong commitment to sustainability and good corporate citizenship, we have over 160,000 dedicated employees serving clients across six continents. Together, we discover ideas and connect the dots to build a better and a bold new future.
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.