Bangalore, India and East Brunswick, New Jersey, USA - July 24, 2012:
Wipro Technologies, the Global Information Technology, Consulting and Outsourcing business of Wipro Limited (NYSE: WIT) today announced that the company has signed a large multi-year contract with Royal Philips Electronics as their Global Prime Partner in its Transformational program, towards enabling enhanced business growth and profitability.
As a part of this strategic global engagement, Wipro will work with Philips on their transformational roadmap towards optimizing and enhancing all their business processes of Idea to Market, Market to Order and Order to Cash across a wide spectrum of technology enabling platforms that include Integration, User Interaction and Security & Authorization. Wipro will also be the System Integrator for key initiatives across these Philips' businesses and platforms.
Jeroen Tas, Chief Information Officer, Royal Philips Electronics said, "As Philips continues to drive performance improvements across its businesses, we would like to reiterate our commitment to invest in innovation and customer intimacy that are at the heart of our transformational Program. We are pleased to bring on board a valuable and like-minded partner like Wipro to help us drive our vision of sustainable growth and profitability."
N S Bala, Senior Vice President and Global Head - Manufacturing and High-Tech, Wipro Technologies said, "We are delighted to have been chosen as a strategic global Prime Partner by Philips in their transformational journey. Wipro will leverage its strong understanding of the business domain and capability in new and emerging technologies, to enable Philips become more agile, deliver innovative products and solutions to its customers, faster and strengthen their leadership position in the market place."
Wipro Technologies offers strategic business and technology solutions and advises customers on Business Process Optimization & Engineering, cutting across diverse functional and engineering areas such as Supply Chain Management (SCM), Product Lifecycle Management (PLM) and Manufacturing Enterprise Solutions (MES). It also enables intuitive man-to-machine interactions, provides industry insights using analytics and drives innovation across intelligent - connected devices for better customer experiences.
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 131,000 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.