East Brunswick, New Jersey, USA and Bangalore, India – November 22, 2017:
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 positioned in the ‘Winner's Circle’ of Embedded and Semiconductor Engineering Services’ by the leading analyst firm, HfS Research.
The report, titled ‘HfS Blueprint Report on Embedded and Semiconductor Engineering Services', was authored by Pareekh Jain, Senior Research Vice President, HfS Research. The firm evaluated the capabilities of 20 service providers on Design, Development, Testing, and Support Services.
The report is based on the feedback from customers who have evaluated service providers based on their experience. The service providers were also evaluated based on factors such as innovation, execution and market share. In the report, HfS gives a market analysis and highlights the key trends driving the embedded and semiconductor engineering services. It also provides an insight into the service provider dynamics.
This report is a testimony to the exemplary work carried out by Wipro for more than two decades now. Wipro has strong service offerings and consulting capabilities in the embedded and semiconductor engineering space. Wipro’s ability to provide integrated solution, incubate new technologies, end-to-end product development capabilities, wide range of offerings and a strong clientele are its key differentiators. The report recognizes Wipro’s complete service range, capabilities, strong patent portfolio and innovation credentials, investment in developing workforce capability and client portfolio.
Pareekh Jain, Senior Research Vice President, HfS Research said, “Wipro is an embedded and semiconductor industry pioneer with more than 25 years of experience and has strong capabilities across the value chain. They have a large partner ecosystem with critical capabilities, for providing the full stack of embedded and semiconductor services to clients. They are well appreciated by the clients for going the extra mile with thorough and detailed methodology to execution. Among all the service providers included in our report, Wipro has the highest number of clients across the geographies."
Anita Ganti, Senior Vice President and Global Head, Product Engineering Services, Wipro Limited said, “We are delighted to be listed as one of the leaders in the HfS Blueprint report. Our deep domain expertise backed by innovative technological products in the embedded and semiconductor space have enabled us to build a large partner and client ecosystem. Wipro also has one of the highest number of patents among the service providers in the industry.”
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.