Cologne, Germany and Bangalore, India - June 12, 2013:
Wipro Ltd. (NYSE:WIT), a leading global Information Technology, Consulting and Outsourcing company today announced the expansion of its operations in Germany. Wipro plans to triple its employee strength in Germany over the next three years, by hiring over 1,000 professionals.
Wipro has been supporting customers in the German market for over ten years. Today, the company serves more than 30 customers in Germany, supported by over 500 employees. Wipro's customers in Germany include a global automotive company, an European utilities major and one of the largest telecom companies in the country, among others.
Wipro expects to see significant traction in the retail, automotive, telecom, healthcare, banking and energy and utilities sectors in Germany, in the years to come. To drive stronger incremental growth in the future, Wipro is looking to address the requirements of medium-sized enterprises in the region, in addition to its existing focus on large global enterprises.
Commenting on the company's growth plans, Rajat Mathur, Chief Sales and Operations Officer - Growth Markets, Wipro said, "We believe that Germany is one of our focus geographies that will play a significant role in driving our future growth and are delighted to substantially increase our investment in the region."
Wipro has a three-pronged strategy for Germany. "We are making investments in building strong domain knowledge in key growth verticals and are hiring local talent with strong delivery and program management capabilities. We continue to strengthen our new business hunting approach in order to build a strong and structured pipe-line of business opportunities for the next 3 - 5 years," he added.
In Germany, Wipro has IT development centers in Munich, Meerbusch, Nuremberg and sales offices in Frankfurt, Munich, Cologne and Meerbusch. Wipro has an on-shore datacenter capability in Meerbusch that offers a broad range of IT infrastructure management services to Wipro's European and global customers. Currently, the datacenter can support up to 15,000 mainframes MIPS and approximately 4,500 servers for our customers. In addition, it offers cloud centric and remote based infrastructure management services. In the short to medium-term, Wipro plans to expand this facility into a full-fledged near-shore services center for clients in Germany.
Wipro has partnered with the University of Munich for a technical talent development program wherein Wipro will provide internships to graduate students from the science/technical stream, at its facilities in India.
Industry estimates put Germany's IT market size in 2012 at approximately USD 80 billion. Large enterprises in the country are looking to increase their IT investments to address capacity constraints of information and communications technology, and revamp legacy systems and IT infrastructure. In addition, there is strong outsourcing demand from mid-size companies. This demand is driven not only by cost-efficiency requirements, but also by the need for high-quality services for enterprise applications that have a direct business impact.
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 over 140,000 employees and clients across 54 countries. For more information, please visit www.wipro.com.
Wipro Media Contacts
Vipin Nair
Wipro Ltd.
+91- 9845014036
vipin.nair1@wipro.com
Subhashini Pattabhiraman
Wipro Ltd.
+91-80- 39916558
subhashini.pattabhiraman@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.
