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Wipro Limited, headquartered in Bengaluru, India, is a leading global provider of information technology, consulting, and business process services. With a workforce of 175,000 employees worldwide, Wipro has established itself as a key player in the IT services sector.
Founded in 1945, Wipro has grown substantially over the decades, particularly in the IT services domain. The company leverages its offshore outsourcing model, deriving over 57% of its revenue from North America. Wipro offers a comprehensive range of services including traditional IT services such as consulting, managed services, and cloud infrastructure services, in addition to business process outsourcing (BPO).
In recent years, Wipro has achieved several key milestones. For instance, the company has forged strategic partnerships with industry leaders to expand its service offerings and enhance its technological capabilities. Wipro's investment in emerging technologies like artificial intelligence, machine learning, and cybersecurity has positioned it at the forefront of innovation in the IT sector.
One of Wipro's significant strengths lies in its diverse portfolio. The company serves various industries, including banking, financial services, manufacturing, retail, and healthcare. This diversification has enabled Wipro to maintain a stable financial condition, evidenced by its consistent revenue growth and profitability.
Wipro is also known for its commitment to sustainability and corporate social responsibility. The company has implemented numerous initiatives aimed at reducing its environmental footprint and contributing to the well-being of the communities it operates in.
Currently, Wipro is involved in several high-impact projects. These include digital transformation initiatives for global enterprises, the development of next-generation IT solutions, and the enhancement of its cloud and infrastructure services. These projects are expected to drive further growth and solidify Wipro's position as a global IT services leader.
Oracle announced that Wipro will utilize Oracle Cloud Infrastructure (OCI) for its Cargo Reservations, Operations, Accounting and Management Information System (CROAMIS). This partnership aims to modernize the air cargo sector, addressing rising demand for efficient cargo transportation. Wipro will offer CROAMIS as part of its FullStride Cloud Services, leveraging OCI's superior performance, security, and cost-effectiveness. The application will facilitate automation across various air cargo processes, enhancing operational efficiency and reducing costs.
Wipro Limited (NYSE: WIT) has announced the launch of Wipro VisionEDGE, a digital signage and omni-channel advertising solution aimed at enhancing customer engagement across sports, retail, transportation, and entertainment sectors. This initiative is a result of Wipro's reinforced partnership with Cisco, enabling clients to unlock new business value and revenue streams. The solution will be marketed globally through the Cisco SolutionsPlus program. Both companies plan to invest further in marketing strategies and expand applications for the Wipro VisionEDGE solution.
Wipro Limited (NYSE: WIT) and Celonis have launched the Supply Chain Command Center, aimed at transforming supply chain management. The solution helps organizations to identify and resolve process inefficiencies, enhance productivity, and manage risks. It operates across planning, sourcing, developing, and delivering stages, allowing companies to adopt the service without upfront investment. This partnership reflects Wipro's commitment to driving digital transformation through innovative solutions, especially post-pandemic, providing enterprises with improved insights and automation opportunities.
Wipro Limited (NYSE: WIT) has launched Click-Shift-Drive, a comprehensive contactless car-buying solution aimed at enhancing the automotive purchasing experience. This scalable solution enables automakers and dealers to provide online shopping functionalities in just eight weeks, significantly catering to digital-first consumers, particularly Millennials and Gen Z. It leverages Salesforce technologies and includes augmented reality features for improved visualization. Wipro's $1 billion investment in cloud services over three years supports this initiative, focusing on meeting the rising demand for online vehicle purchases.
Wipro Limited (NYSE: WIT) has partnered with Oracle to launch the Wipro Tollway Transportation and Billing solution. This cloud-based solution aims to enhance the commuter experience and improve profitability for tollway authorities by streamlining operations. It addresses challenges like cashless transitions and evolving traffic patterns by integrating various customer service and financial systems. The solution supports multiple payment modes, promoting efficiency and better customer management for tollway operators.
Wipro Limited (NYSE: WIT) has been recognized as a Leader in the Avasant High-Tech Digital Services 2021-2022 RadarView Report. The report evaluates service providers as long-term partners for global organizations. Key highlights include Wipro's practice maturity with over 3000 certified experts, strong client relationships with more than 130 active clients, and significant investments in innovative solutions. Wipro’s leadership was noted across practice maturity, investment, innovation, and partner ecosystem, which are critical for delivering comprehensive digital services.
Wipro Limited (NYSE: WIT) has announced the launch of a Legacy Migration and Modernisation Lab in Sydney to assist companies in Australia and New Zealand with cloud adoption. This initiative, in partnership with Micro Focus and Amazon Web Services (AWS), aims to streamline mainframe application optimization for the cloud. The lab will serve as a training facility to demonstrate modernisation tools, reducing operational costs and mitigating risks associated with legacy systems. Wipro's investment of $1 billion in cloud technologies reflects its commitment to enhancing cloud capabilities.
Wipro Limited (NYSE: WIT) has appointed Kimberly Watson as the new Country Head and Managing Director for Canada. With over 30 years in the ICT sector, Watson aims to drive growth, localization, and client engagement in key sectors. Previously, she held senior roles at IBM Canada. Wipro has invested significantly in Canada, marking its fifteenth year of operations in the region, enhancing its local presence and capabilities. CEO Angan Guha emphasized that Watson’s leadership will enhance Wipro’s market position in Canada.
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