Bangalore, India - August 17, 2012:
Wipro Technologies, the Global Information Technology, Consulting and Outsourcing business of Wipro Limited (NYSE: WIT), announced that it has received the top ranking for Telecom R&D services in an annual survey conducted by Zinnov Management Consulting Pvt. Ltd, a leading Globalization and Market Expansion Advisory firm. This recognition reiterates Wipro's leadership in telecom and focus on next generation technologies such as 4G and LTE (Long Term Evolution), which enable Wipro to partner with telecom equipment vendors in their endeavor to build Digital Highways- Networks of the future. Wipro was also placed first in Zinnov's Global R&D Service Providers (GSPR) Rating 2012"for the third consecutive year.
"Telecom is a highly competitive space with intense competition amongst Tier One service providers and niche players. Wipro has been able to maintain the leadership position through creation of innovative solutions and frameworks that addresses the customer pain points", said Pari Natarajan, Co-Founder and CEO, Zinnov Management Consulting Pvt. Limited. He added, "Wipro's strong relationship with Telecom Service Providers has helped them structure relevant offerings to Telecom Equipment Vendors."
"Wipro's Telecom Vertical has made significant investments to align our services and technology to meet market needs and help our clients create an impact in such a dynamic environment," said Jeffrey Heenan Jalil, Vice-President and Global Head of Wipro's Telecom Equipment Vendors business unit. He added "Our R&D solutions portfolio for telecom equipment vendors is focused on addressing the Industry challenges of improving network capacity and coverage, with best-in-class technology."
Wipro's software solutions for LTE Small Cell and Evolved Packet Core technologies will form the foundation of tomorrow's networks that will efficiently support higher volume traffic, in more geographies than ever before. These solution components along with Wipro's integrated design services capability help network equipment vendors to come out with custom products to meet the price-performance ratio of different markets
According to a recent report titled 'Mobile Technology Split Forecast 2012-17' published 15th August 2012, by Ovum, an independent technology analyst firm, global mobile connections are set to grow from 6.5 million connections today, to 8.2 million connections in 2017. According to Karen Liu, Ovum Principal Analyst, mobile operators will increasingly rely upon small cells such as femtocells and metrocells to address the mobile data explosion. Said Liu in Ovum's recent report titled 'Mobile Small Cells Taxonomy', "The metro market is particularly interesting as enabling system-on-chip (SoC) components are just coming on line. Today's interest in small cells is being driven by the new demands of HSPA+ and LTE broadband traffic."
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 135,000 employees and clients across 54 countries. For more information, please visit www.wipro.com
+1 732 216 6242
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.