Bangalore, India and East Brunswick, New Jersey, USA - June 14, 2013:
Wipro Ltd. (NYSE:WIT), a leading Global Information Technology, Consulting and Outsourcing company, today announced that market intelligence and advisory services firm, IDC has named the company a "Major Player" in its IDC Energy Insights MarketScape.
The IDC MarketScape: ‘IT Service Providers in the EMEA Utilities Market 2013 Vendor Assessment’ (doc #EIOS02V, May 2013) examines vendors' ability to supply utility companies with services that support enterprise processes and core business processes, including innovation related to smart grid, smart energy services, smart generation, and smart customer management. The IDC MarketScape also evaluates service providers' capabilities related to the deployment of cloud, big data, analytics, mobility, and social media, in the specific context of utilities business.
"We are delighted with our positioning in the report as it reaffirms the confidence of our customers and partners, in our capabilities. This assures us that our strategy of focusing on building differentiated domain solutions, innovative financial models and investments towards talent development constitute the right approach to addressing our customers’ needs," said Arun Krishnamurthi, Global Head - Utilities, Wipro Technologies.
The IDC MarketScape notes that Wipro is well positioned for future growth in the utilities sector. "Wipro has made a huge effort to become a strong player in the utilities market, expanding its knowledge and building resources to support its clients. Wipro is also enhancing its offerings, for instance by developing its analytics-related capabilities to create additional value for its clients", it said.
According to Roberta Bigliani, Head of Europe Middle East & Africa, IDC Energy Insights, "Utilities are looking for service companies which profoundly understand their business goals and actively support them in their achievement. Following capabilities are demanded: value for money, outstanding customer service and delivery capabilities, strong utilities expertise, and innovative and future looking offering."
Wipro’s Utilities vertical is a part of Wipro's Energy, Natural Resources and Utilities strategic business unit. The vertical addresses core needs and challenges through domain specific solutions by leveraging expertise in Consulting, Engineering, IT, and Business Process Outsourcing services. Having executed numerous Business Transformation programs, Wipro Utilities’ domain competency and technology expertise spans across the utilities value chain covering Generation & Renewables, Transmission & Distribution, Retail, Smart Grid, ETRM (Energy Trading and Risk Management) and HSSE (Health, Safety, Security & Environment).
IDC MarketScape vendor analysis model is designed to provide an overview of the competitive fitness of IT, telecommunications, or industry-specific suppliers in a given market. The research methodology utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each vendor’s position within a given market. IDC MarketScape provides a clear framework in which the product and service offerings, capabilities and strategies, and current and future market success factors of IT, telecommunications, or industry-specific vendors can be meaningfully compared. The framework also provides technology buyers with a transparent foundation to allow companies to independently compare the strengths and weaknesses of current and prospective vendors.
About Wipro Limited
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.
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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.