East Brunswick, New Jersey, USA and Bangalore, India - December 21, 2018:
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 as a 'Leader' in Everest Group’s Embedded System Engineering Services Providers PEAK MatrixTM Assessment 2018. The report was published in August 2018.
Everest Group analysed and classified 14 embedded system engineering service providers on the Everest Group PEAK Matrix of Embedded System Engineering Services into leaders, major contenders and aspirants. Based on the analysis, Wipro emerged as a leader.
According to the report, Wipro has strong capabilities in the embedded system engineering service space and provides cutting-edge solutions, industry insights and best-in-class execution to maximize the value of client businesses. Wipro recognized emerging themes such as Artificial Intelligence (AI), Industry 4.0, IoT and connectivity as key to its growth and has been adopting multi-fold strategies to enhance its capabilities in these areas.
Anita Ganti, Senior Vice-President and Global Head - Product Engineering, Industry & Engineering Business, Wipro Limited said, “We are delighted to be positioned as a ‘Leader’ in the 2018 PEAK MatrixTM for Embedded System Engineering by Everest Group. This report is a testimony to the work we have done over the last two decades in the embedded space. The key to our success is our partnership ecosystem that has helped us co-innovate as well as our differentiated verification and validation capabilities, and flexibility to offer outcome-based pricing models to our clients.”
“As enterprises embark on innovation journeys with themes such as AI, IoT, and M2M communication, they are looking to engage with service providers not just for talent augmentation, but also for superior domain expertise, accelerated time-to-market, and risk-sharing constructs,” said Chirajeet Sengupta, Partner, Everest Group. “A balanced presence across value chain elements and service functions, robust delivery footprint, willingness to adopt innovative engagement models, and proactiveness in training resources on clients’ proprietary products/platforms have helped Wipro emerge as a Leader in Everest Group’s inaugural PEAK Matrix™ assessment for Embedded System Engineering Services.”
Wipro has over two decades of experience in end-to-end product and engineering services, across industries. Leveraging new age technologies such as IoT, Cloud, 3D Printing, Virtualization and AI, Wipro helps enterprises in their journey of digital transformation.
To view the full report, click here
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 175,000 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.