East Brunswick, New Jersey, USA and Bangalore, India – May 13, 2020:
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 cited as a ‘Leader’ in IDC MarketScape: Worldwide Cloud Professional Services 2020 Vendor Assessment.
Wipro’s thought leadership in the cloud space has gained significant customer and analyst mindshare. The report highlights that firms should consider Wipro when looking for a provider that takes a business-first approach, but from a base of deep cloud technology expertise. Wipro has made big bets with some of the hyperscalers to drive business transformation for its customers. And, its experience with managing Topcoder (through its Appirio acquisition) is something of a hidden gem, which helps it bring the benefits of crowdsourcing to its clients.
Gard Little, Vice President, Global Services Markets and Trends, IDC Research Inc. said, “Wipro has continuously demonstrated their deep Cloud expertise and ‘business first’ thinking in helping enterprises to become nimble and future ready. Wipro Cloud Studio is their latest move to bring innovation, scalability, speed and efficiency to life for enterprises to lead in the Covid -19 era and beyond.”
Ramesh Nagarajan, Senior Vice President, Cloud Services, Wipro Limited said, “We are pleased with this recognition. It underpins our proven thought leadership in conceptualizing and delivering innovative cloud solutions. Our business first strategy and industrialized solutions approach have helped clients reimagine their transformation journeyto drive greater efficiencies.”
Please click here to access the report.
About IDC MarketScape:
IDC MarketScape vendor assessment model is designed to provide an overview of the competitive fitness of ICT (information and communications technology) suppliers in a given market. The research methodology utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each vendor’s position within a given market. IDC MarketScape provides a clear framework in which the product and service offerings, capabilities and strategies, and current and future market success factors of IT and telecommunications vendors can be meaningfully compared. The framework also provides technology buyers with a 360-degree assessment of the strengths and weaknesses of current and prospective vendors.
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.