Bangalore, India - May 27, 2011:
Wipro Technologies, the Global Information Technology, Consulting and Outsourcing business of Wipro Limited (NYSE: WIT), today announced that the company has been cited as a Leader in "The Forrester Wave™: SAP Services Providers, Q2 2011 (April 2011)" and has some of the strongest skills of SAP service Indian providers.
Forrester evaluated 19 service providers across 65 criteria and based on interviews with 186 user companies. The criteria were clustered into three categories of current offering, strategy and market presence.
According to the report, "Wipro Technologies has some of the strongest SAP skills of Indian providers and was the second offshore firm to earn the SAP global services partner designation. Wipro excels at technical and operational elements of SAP services." It further mentions how providers use innovative way to drive down costs, improve efficiency, and drive process improvements such as Wipro's Flex Delivery and Wipro's adoption of output based pricing for SAP support.
"We are delighted to be named a leader in this report, "said Srinivas Pallia, Senior Vice President, Business Applications Services, Wipro Technologies. "We believe this is a reflection of the confidence our customers have in Wipro's strategy and their feedback on our performance. We are investing significantly in our partnership with SAP and in building competencies in the emerging areas like cloud, innovative delivery and outcome based service models."
About Wipro Technologies
Wipro Technologies, the global IT business of Wipro Limited (NYSE:WIT) is a leading Information Technology, Consulting and Outsourcing company, that delivers solutions to enable its clients do business better. Wipro Technologies 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 Technologies has 120,000 employees and clients across 54 countries. For more information, please visit www.wipro.com
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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.