Helsinki, Finland and Bangalore, India - September 7, 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 won a five-year IT applications management contract from Outokumpu. Headquartered in Finland, Outokumpu is a global leader in stainless steel.
Outokumpu has realized business efficiencies through operational excellence and cost optimisation measures as part of its 2020 Vision to be the best value creator in stainless steel. To further streamline its IT operations and improve efficiency, Outokumpu has selected Wipro to be its strategic IT partner.
As part of the five-year contract, Wipro will provide applications management services for Outokumpu’s SAP landscape along with legacy applications support to cover Outokumpu locations, globally. Leveraging the Wipro HOLMES™ artificial intelligence platform, Wipro will drive the next phase of delivery through enhanced user experience and productivity and accelerate processes through automation.
"Outokumpu continues to drive performance improvements, synergies and cost efficiency across its businesses and group functions. Investments in IT transformation have a key role in reaching these targets," said Roeland Baan, CEO, Outokumpu. "Wipro has proven that they know how to support Outokumpu in our transformation. We look forward to their continued positive contribution and strengthening our partnership with Wipro.”
Abidali Z. Neemuchwala, CEO and Member of the Board, Wipro Limited said, "Wipro has been committed to delivering business efficiency to Outokumpu over the last four years. I am proud to win their continued confidence in us. We will leverage our strong understanding of the manufacturing business domain and capabilities in new and emerging technologies, to enable Outokumpu become more agile, deliver innovative products and solutions to their customers faster and strengthen their leadership position in the market place."
"It is always pleasing to win a new agreement from our existing customer. It shows that we have not only done a good job but are able to demonstrate continuous improvements to win their future confidence," said Carl-Henrik Hallström, Head of the Nordic Region, Wipro Limited. "This deal also reiterates our continued focus and investments in Finland. We are confident that we will be able to leverage our technology expertise and capabilities to drive significant value for Outokumpu."
The Nordic region has been a key market for Wipro since 1999. It started its engineering and product R&D collaboration with two of the world’s largest telecom equipment manufacturers and set up its first sales office in the Nordic region in 2006. Today, Wipro has a strong foothold in the market through its multiple offices in Nordic countries, localized teams and engagements with some of the top customers in the region across manufacturing, energy, natural resources & utilities, telecom and retail sectors.
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 a dedicated workforce of over 160,000, serving clients across six continents. Together, we discover ideas and connect the dots to build a better and a bold new future.
Outokumpu is a global leader in stainless steel. We create advanced materials that are efficient, long lasting and recyclable - thus building a world that lasts forever. Stainless steel, invented a century ago, is an ideal material to create lasting solutions in demanding applications from cutlery to bridges, energy and medical equipment: it is 100% recyclable, corrosion-resistant, maintenance-free, durable and hygienic. Outokumpu employs some 10,000 professionals in more than 30 countries, with headquarters in Helsinki, Finland and shares listed in Nasdaq Helsinki. For more information, please visit www.outokumpu.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 proftheir, 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.