East Brunswick, N.J. - May 19, 2014:
Wipro Limited (NYSE:WIT), a leading global information technology, consulting, and outsourcing company, today announced that it has been selected by Corning Incorporated (NYSE: GLW), a world leader in specialty glass and ceramics, to provide a multi-year information technology infrastructure program.
Through this strategic collaboration, Wipro will make Corning’s information technology services more resilient to market volatility, and enhance performance and operational efficiency. The solution will be delivered as a multi-year managed service from Wipro’s global delivery and data centers.
“We are delighted to be chosen as the strategic IT provider for Corning Incorporated and to enable it to deliver advanced IT capabilities. The relationship between Corning and Wipro is anchored by the synergy of our core corporate values and we look forward to fostering an environment to support Corning in achieving its growth objectives,” said N. S. Bala, Chief Executive, Manufacturing & Hi-Tech Industry SBU, Wipro Limited.
“Wipro provides information technology capabilities that enable scalability, technology enhancements, and resourcing flexibility in a cost-effective package. We look forward to this collaboration and view Wipro’s role as critical in the delivery of our IT strategy,” said Kevin McManus, Senior Vice President and Chief Information Officer, Corning.
Note: The deal was mentioned in Wipro Limited's Q4 FY13-14 financial results announcement press release dated April 17, 2014, for the quarter ended March 31, 2014, with a description of Corning Inc but without naming the company.
About Wipro Ltd.
Wipro Ltd. (NYSE:WIT) is a leading Information Technology, Consulting and Outsourcing company that delivers solutions to enable its clients do business better. Wipro delivers winning business outcomes through its deep industry experience and a 360 degree view of "Business through Technology" - helping clients create successful and adaptive businesses. A company recognized globally for its comprehensive portfolio of services, a practitioner's approach to delivering innovation, and an organization wide commitment to sustainability, Wipro has a workforce of 140,000 serving clients across 61 countries. For more information, please visit www.wipro.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 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.