East Brunswick, New Jersey, USA and Bangalore, India – February 14, 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 positioned as a Leader and Star Performer in Everest Group’s Application and Digital Services (ADS) in Capital Markets – Services PEAK Matrix™ Assessment 2020: Beating the Slowdown with Data.
In the report, Everest Group studied the vision and capability of 29 IT service providers for Capital Markets ADS. It also evaluated the market impact generated by each IT service provider.
Wipro emerged as a Leader owing to various factors such as its strong domain focused modernization story, which has led to continuous doubled-digit growth over last two years in the Capital markets ADS space. Clients have specifically appreciated Wipro’s solutioning flexibility within deals.
“The uncertain macro-economic environment has slowed transformation timelines and decision-making for the capital markets industry. Customer-facing functions are being disintermediated by digital-native FinTechs. At the same time, margin pressure is forcing capital markets firms to develop alternatives to their traditional offerings,” according to Ronak Doshi, Vice President, Everest Group. “Significant growth momentum – backed by a strong business-first modernization story, credible investments in cloud- and automation-specific accelerators to support migration exercises, and client appreciation of solutioning flexibility has helped Wipro secure a position as a Leader and Star Performer on the Everest Group Application and Digital Service in Capital Markets – Services PEAK MatrixTM Assessment 2020.”
Keyur Maniar, Senior Vice President and Global Head, Securities and Capital Markets, Wipro Limited said, “We are delighted to be positioned as a Leader and Star Performer. We have improved our position in line with outcomes delivered and thereby validated our commitment and attendant execution to deliver industry leading application services and solutions across buy side, sell side, and market infrastructure firms. We will continue to invest in domain capabilities, digital led innovation and localization, all at scale, to deliver highly contextualized solutions in line with our vision for our Securities and Capital Markets customers.”
To view the full report, please 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.