Bangalore, India and East Brunswick, New Jersey, USA - September 15, 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', as a leading worldwide cloud infrastructure service provider, by the analyst firm HfS Research in its report "Blueprint Report on Cloud Infrastructure Services".
The 'Winner's Circle' of the HfS Blueprint represents organizations that demonstrate excellence in both execution and innovation in cloud infrastructure services. The report acknowledges Wipro's strong vision, concrete plans to invest in future cloud capabilities, a healthy cross-section of vertical capabilities, and a demonstrated ability to leverage external drivers to increase value for clients. HfS also recognizes Wipro's relationships with clients, service execution beyond simply hitting 'green lights', and high flexibility when meeting clients' needs.
According to the report, Wipro is the only traditional offshore vendor to successfully embrace the cloud - 'big time'. The report highlights Wipro's global coverage of consultants and hosting capabilities as its key differentiators. The HfS report also acknowledges Wipro's high level of innovation through its own resources as well as through partners across the cloud infrastructure services market.
Wipro has successfully delivered large, complex cloud programs for leading global enterprises across industry verticals. The company has invested significantly in developing cloud IPs and building alliances with leading vendors across the world, and is supported by a robust and comprehensive set of well-defined tools, frameworks and platforms. Wipro's services across consulting, design, build, and managed lifecycle help customers experience the speed and scale of cloud.
Atul Sood, Vice President, Advanced Technologies & Solutions, Wipro Ltd said, "We are delighted to be positioned in the 'Winner's Circle' by HfS in a very comprehensive and inclusive analysis. The convergence of cloud, mobility, social and analytics is accelerating innovation to create new disruptive business models. We, at Wipro, unlock the value of cloud by building IPs and developing new-age solutions in collaboration with partners and customers to take advantage of this technology shift. Certainly, Wipro is well-positioned to leverage the cloud to deliver business value and our customer testimonials are a strong validation of this commitment."
Dr. Thomas Mendel Ph.D., Senior Vice President of IT services, HfS Research said, "Wipro is one of the few traditional offshore vendors whose services cover all three cloud models - public, private and hybrid. The company's high scores in customer satisfaction and price-versus-value makes it the #1 vendor from the original Indian outsourcer camp that has made the transition to becoming a serious cloud player. Wipro is an ideal partner to power the cloud journey and is poised to deliver transformational value to enterprises."
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.
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.