Bucharest, Romania and Bangalore, India - October 28, 2014:
Wipro Ltd. (NYSE:WIT), a leading global information technology, consulting and business process services company, today announced plans to strengthen its presence in Romania. The company plans to increase its employee strength in Romania by 25%, to 750 employees by December 2015.
Wipro has been supporting global customers from Eastern Europe for nearly a decade. Today, the company's facilities in Romania serve more than 20 customers in Eastern Europe, supported by over 600 employees. Wipro's customers in Romania span across the retail and consumer goods, healthcare, manufacturing and telecom industries, among others.
Wipro expects to see significant traction across service lines in Romania, in the medium term.
Commenting on the company's growth plans, TK Kurien, Chief Executive Officer and Member of the Board, Wipro Ltd said, "Eastern Europe is poised to become a strategic delivery location for Wipro and we are committed to investing in the region. We are building strong domain knowledge in key growth verticals and are hiring local talent with strong program management capabilities."
In Romania, Wipro has development centers in Bucharest and Timisoara. Wipro is in discussions with local universities to partner and develop curriculum for enhancing local capabilities.
About Wipro Ltd.
Wipro Ltd. (NYSE:WIT) is a leading Information Technology, Consulting and Business Process Services 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 over 140,000, serving clients in 175+ cities across 6 continents. 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.