Bangalore, India and East Brunswick, New Jersey, USA - November 19, 2014:
Wipro Ltd. (NYSE:WIT), a leading global information technology, consulting and business process services company today announced that it has been positioned in the 'Winner's Circle' for its SAP Services capabilities by the leading analyst firm HfS Research – for the second successive year.
Wipro's leadership position was included in HfS Research's September 2014 report titled "Blueprint Report on SAP Services" authored by Dr. Thomas Mendel, Senior Vice President IT Services at HfS Research. In the report, HfS Research assessed the capabilities of 31 providers of SAP Services along the entire SAP Services value chain, ranging from:
This Blueprint report covered the high-profile IT markets and identified relevant differentials between service providers across a number of facets, primarily under two categories - Innovation and Execution - to help clients select the right vendor for their service needs. The Blueprint ratings are based on 850 data points which are crowd sourced from 740 buyers, providers, and advisors/influencers of SAP Services.
HfS notes that Wipro is a top tier SAP Services player and has built one of the largest sets of templates and accelerators to speed up the implementation time and simultaneously ensure the quality of the deliverables. Wipro is able to provide solid expertise at an excellent price which has resulted in very high levels of client satisfaction and client retention rate.
The research highlights Wipro's co-innovation efforts with SAP to build end-to-end capabilities across the full spectrum of SAP technology stack spanning - Big Data, Cloud, SAP HANA and Mobility. It also recognizes Wipro's deep investments in expanding geographical footprints and building offerings like Managed Mobility & ServiceNXT™ - a next generation managed services platform.
"Wipro is one of the strongest SAP service providers globally and HFS recommends Wipro must be on the shortlist for large SAP projects. Its closely knit business advisory and SAP Innovation capabilities in technologies like HANA & Rapid Deployment solutions have helped customers accelerate business outcomes from their SAP Investments resulting in high satisfaction levels," said Thomas Mendel, SVP Global IT Services, HfS Research.
Bhanumurthy BM, Chief Executive of Application Business Unit & Strategic Alliances, Wipro Ltd said, "Wipro's inclusion in HfS Winners Circle reinforces our commitment to Simplify customer business processes as a leader in high value SAP services. Our strategic investments in SAP technologies such as HANA, mobility and cloud, coupled with industry solutions and robust global delivery capability offers accelerated business performance for our customers."
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
About HfS Research
HfS Research is the leading independent global analyst authority and knowledge community for the business and IT services industry. HfS serves the research and strategy needs of business and IT operations leaders across finance, supply chain, human resources, marketing, customer management, and core industry functions. HfS provides detailed and thoughtful analyst coverage of the various areas that impact successful business outcomes, namely, process automation and outsourcing, global business services frameworks, mobility, analytics, and social collaboration. HfS also focuses heavily on talent acquisition, development, and motivation strategies. HfS applies its acclaimed crowd-sourced Blueprint Methodology™ to evaluate the performance of service providers in terms of innovating and then executing against those business outcomes.
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.