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    507685   INE075A01022

WIPRO LIMITED

(507685)
  Report
End-of-day quote Bombay Stock Exchange  -  2023-02-02
407.80 INR   -0.32%
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Wipro : launches Wipro Data Intelligence Suite

11/30/2022 | 08:23am EST

The innovative solution accelerates cloud modernization and data monetization, helping companies unlock new business opportunities and realize their digital transformation ambitions

LAS VEGAS | NEW YORK | BANGALORE, India- Nov. 30, 2022 - At AWS re:Invent today, Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO) announced the launch of Wipro Data Intelligence Suite, a one-stop solution for accelerating cloud modernization and data monetization, focused on modernizing data estates, including data stores, pipelines and visualizations, running on Amazon Web Services (AWS). Wipro Data Intelligence Suite offers reliable and secure means to migrate from existing platforms and fragmented legacy systems to the cloud.

"Today, cloud architectures are enabling companies to transform their legacy systems, allowing them to develop business innovations, optimize costs, and enhance agility," said Sudhir Kesavan, Senior Vice President & Global Head of Cloud Transformation, Wipro FullStride Cloud Services, Wipro Limited. "We're excited to put these benefits in reach for our clients using Wipro's FullStride Cloud Services' full-stack approach in collaboration with AWS."

In conjunction with a clearly defined cloud migration strategy, Wipro Data Intelligence Suite offers a standardized platform that supports each phase of the migration process. With a comprehensive approach, enterprises can unlock new opportunities while avoiding stability, latency, or data loss issues.

Wipro Data Intelligence Suite enables an end-to-end automation of a company's cloud migration journey, ensuring that businesses can gain business value quickly while mitigating migration risks. It delivers an efficient, reliable pathway to cloud-driven modernizations that set the stage for accelerated workflows and enhanced data analytics operations. Its innovative suite of accelerators and ready-to-deploy modules allow enterprises to develop an effective strategy for migrating legacy applications and data to the cloud, as well as prioritizing their cloud investments.

"The scalability, security, and stability of AWS's cloud-based architecture, together with Wipro's Data Intelligence Suite, increases productivity, reduces migration costs, and drives faster time to market," said Sriram Narasimhan, Senior Vice President and Global Head of Data & Analytics, Wipro Limited. "In today's rapidly changing world, we take pride in the ability to deliver seamless transformation that simplifies technology complexities and enhance business value for our clients."

For more information on the Wipro Data Intelligence Suite, please visit: Wipro Data Intelligence Suite

About Wipro Limited

Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO) is a leading technology services and consulting company focused on building innovative solutions that address clients' most complex digital transformation needs. Leveraging our holistic portfolio of capabilities in consulting, design, engineering, and operations, we help clients realize their boldest ambitions and build future-ready, sustainable businesses. With over 250,000 employees and business partners across 66 countries, we deliver on the promise of helping our customers, colleagues, and communities thrive in an ever-changing world. For additional information, visit us at www.wipro.com.

Media Contact:
Sanuber Grohe
Wipro Limited
sanuber.grohe@wipro.com

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.

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.

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Disclaimer

Wipro Limited published this content on 30 November 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 November 2022 13:22:11 UTC.


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Sales 2023 908 B 11 035 M 11 035 M
Net income 2023 115 B 1 395 M 1 395 M
Net cash 2023 229 B 2 781 M 2 781 M
P/E ratio 2023 19,5x
Yield 2023 1,82%
Capitalization 2 233 B 27 144 M 27 144 M
EV / Sales 2023 2,21x
EV / Sales 2024 1,95x
Nbr of Employees 240 000
Free-Float 26,7%
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Number of Analysts 42
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Thierry Delaporte CEO, Executive Director & Managing Director
Jatin Pravinchandra Dalal President & Chief Financial Officer
Rishad Azim Premji Executive Chairman
Subha Tatavarti Chief Technology Officer
Harmeet Chauhan Global Head-Engineering, Research & Development
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