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Wipro Announces Opening of New Delivery Center in Arkansas, USA
Rhea-AI Impact
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Rhea-AI Sentiment
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Rhea-AI Summary
Wipro Limited (NYSE: WIT) announced plans to open a new delivery center in Sherwood, Arkansas, anticipating the hiring of up to 400 employees in the next two years. The company will invest approximately $3 million to transform a 70,000 square-foot facility into a customer service center, enhancing operational capabilities across various industries. This initiative is expected to boost local employment and strengthen Wipro's presence in Central Arkansas, further aligning with the company's commitment to innovation and community development.
Positive
Investment of $3 million for a new delivery center.
Up to 400 new jobs anticipated in the next two years.
Expansion of operational services to various industry clients.
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Tech leader to help create employment opportunities for local communities in Sherwood
SHERWOOD, Ark. & NEW YORK & BANGALORE, India--(BUSINESS WIRE)--
Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading global information technology, consulting and business process services company, today announced that it will open a new delivery center in Sherwood, Arkansas. The company expects to hire up to 400 employees in the next two years in Arkansas.
Wipro will invest approximately US$ three million to transform a 70,000 square-foot facility at Landers Road into a customer service center. The delivery center will provide operational services to Wipro’s clients across industry verticals.
“Wipro has been a technology leader for decades. With great pleasure, I welcome them to Arkansas,” said Asa Hutchinson, Governor of Arkansas. “These jobs will help improve the lives of citizens in Central Arkansas, and continue to reinforce our goal of making Arkansas a leader in information technology.”
“I’m thrilled that Wipro recognized the talent we have here in Central Arkansas and chose Sherwood as the site of its newest facility,” said Mike Preston, Executive Director, Arkansas Economic Development Commission and Arkansas Secretary of Commerce. “I know they will find the necessary support here that will continue to lead them on their path to success.”
“We are thrilled to welcome Wipro to our community,” said Virginia Hillman Young, Mayor of Sherwood. “This announcement is the beginning of a new partnership between our city and the company. We look forward to working closely with the local Wipro team as they grow and thrive in Sherwood.”
“This is a tremendous win for the City of Sherwood and their local economic development team,” said James Reddish, Executive Vice President - Little Rock Regional Chamber. “As a region, we know that the success of any one community is a success for all, and we look forward to supporting Wipro and Sherwood, as the company establishes and grows its presence in Central Arkansas.”
“We are thrilled to open the delivery center in Sherwood and improve our reach to customers in central Arkansas. This strategic investment will bring Wipro’s innovation, operational capabilities and organizational expertise to the region. This is part of our commitment to enable future expansion, and drive employment generation initiatives for local communities,’’ said Nagendra P Bandaru, Managing Partner-iCORE, Wipro Limited.
Wipro is recognized globally for its comprehensive portfolio of services, strong commitment to sustainability and good corporate citizenship.
About Wipro Limited
Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO) is a leading global information technology, consulting and business process services company. We harness the power of cognitive computing, hyper-automation, robotics, cloud, analytics and emerging technologies to help our clients adapt to the digital world and make them successful. A company recognized globally for its comprehensive portfolio of services, strong commitment to sustainability and good corporate citizenship, we have over 200,000 dedicated employees serving clients across six continents. Together, we discover ideas and connect the dots to build a better and a bold new future.
About the City of Sherwood
On April 22, 1948, Sherwood officially incorporated as a town. According to the 2018 Annual Estimate of the Resident Population for Counties and Places, the City of Sherwood is estimated to have 31,237 residents. The City of Sherwood has a variety of resources that provide a quality lifestyle for its residents. From youth to seniors, as well as their furry friends, the city offers programs and services that appeal to all ages. Located within a few minutes from a large metropolitan area, the amenities allow residents to enjoy a quiet family atmosphere that is both CLOSE TO THE ACTION, yet FAR FROM THE NOISE.
About the Metro Little Rock Alliance
The Metro Little Rock Alliance (MLRA) is a coalition of 11 counties: Clark, Faulkner, Garland, Grant, Hot Spring, Jefferson, Lonoke, Perry, Pulaski, Saline and White. Economic development leaders from these communities work together to develop and market Central Arkansas as a premier location for new and expanding business and high-quality job growth. For more information, visit www.MetroLittleRockAlliance.com.
About the Arkansas Economic Development Commission
The Arkansas Economic Development Commission (AEDC), a division of the Arkansas Department of Commerce, seeks to create economic opportunity by attracting higher-paying jobs, expanding and diversifying local economies in the state, increasing incomes and investment, and generating growth throughout The Natural State. Arkansas is a pro-business environment operating leaner, faster and more focused through a streamlined state government designed to act on corporate interests quickly and decisively. For more information, visit www.ArkansasEDC.com. The Arkansas Department of Commerce is the umbrella department for workforce and economic development drivers. Its divisions and regulatory boards include Division of Aeronautics, Waterways Commission, Wine Producers Council, Division of Workforce Services, Office of Skills Development, State Bank Department, Insurance Department, Securities Department, Economic Development Commission and Development Finance Authority. It was established in July 2019 as part of Governor Asa Hutchinson’s wide-sweeping efficiency and transformation efforts to reduce 42 cabinet agencies to 15 while maintaining services for all Arkansans.
Forward-Looking Statements
The forward-looking statements contained herein represent Wipro’s beliefs regarding future events, many of which are by their nature, inherently uncertain and outside Wipro’s control. Such statements include, but are not limited to, statements regarding Wipro’s growth prospects, its future financial operating results, and its plans, expectations and intentions. Wipro cautions readers that the forward-looking statements contained herein are subject to risks and uncertainties that could cause actual results to differ materially from the results anticipated by such statements. Such risks and uncertainties include, but are not limited to, risks and uncertainties regarding fluctuations in our earnings, revenue and profits, our ability to generate and manage growth, complete proposed corporate actions, 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. The conditions caused by the COVID-19 pandemic could decrease technology spending, adversely affect demand for our products, affect the rate of customer spending and could adversely affect our customers’ ability or willingness to purchase our offerings, delay prospective customers’ purchasing decisions, adversely impact our ability to provide on-site consulting services and our inability to deliver our customers or delay the provisioning of our offerings, all of which could adversely affect our future sales, operating results and overall financial performance. Our operations may also be negatively affected by a range of external factors related to the COVID-19 pandemic that are not within our control. Additional risks that could affect our future operating results are more fully described in our filings with the United States Securities and Exchange Commission, including, but not limited to, Annual Reports on Form 20-F. 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.
