Wipro Stock Price, News & Analysis

Wipro Limited (NYSE: WIT) released a report detailing how cloud adoption by leaders yields a 10x greater return on investment compared to beginners. Based on a survey of 1,300 executives across six countries and 11 industries, the report highlights the shift in cloud benefits from efficiency to profitability. Key findings show that 59% of firms anticipate increased revenue, and 54% expect improved profitability through cloud investments. Wipro aims to assist businesses in achieving cloud leadership and maximizing their ROI through strategic cloud initiatives.

Wipro Limited (NYSE: WIT) has launched the Wipro-Google Cloud Innovation Arena in Bangalore, India. This collaboration aims to enhance cloud adoption and innovation for customers through technical expertise and resources provided by Wipro FullStride Cloud Services and Google Cloud. The arena will facilitate brainstorming and piloting innovation use cases, providing customers with necessary tools for their cloud journeys. Wipro's commitment to strengthening its partnership with Google is emphasized as they aim to offer world-class resources for business transformation.

Wipro Limited has partnered with First Horizon Bank to enhance the core banking channels of VirtualBank, a digital bank obtained from IBERIABANK during their 2020 merger. The collaboration includes the transformation of legacy systems to a cloud-based infrastructure, completed within eight months. Wipro’s services covered program management, data migration, and fintech integration, solidifying the digital bank’s capabilities. The partnership aims to improve customer service and regulatory compliance.

Wipro Limited (NYSE: WIT) has partnered with HERE Technologies to enhance location-based services across various industries, including Energy, Utilities, and Logistics. The collaboration aims to develop solutions for asset tracking, logistics, smart metering, and analytics. An IoT-based smart metering solution will provide customers with improved energy consumption data. The HERE mapping-as-a-service will assist in real-time asset tracking, benefiting industries through enhanced operational efficiency and user experience. Both companies express optimism about the future of this partnership.

TCG Process has formed a global partnership with Wipro Limited (NYSE: WIT) to enhance intelligent document processing capabilities. This collaboration will integrate TCG's DocProStar platform with Wipro's AI solutions, targeting sectors like banking, insurance, and healthcare. The alliance aims to provide cost-effective, accurate automation for complex document processes, leveraging both companies' expertise to accelerate digital transformation. By combining resources, they will support clients in achieving operational efficiencies and improved customer value through advanced automation technologies.

Wipro Limited (NYSE: WIT) announced a global partnership with DataRobot, aimed at accelerating the operationalization of Artificial Intelligence (AI) in enterprises. This collaboration is designed to infuse AI-led intelligence into business decisions, enhancing customer value and driving operational efficiency. The partnership will leverage DataRobot's Augmented Intelligence platform alongside Wipro's AI expertise, promoting a democratized approach to AI deployment. By enabling clients to establish AI Centers of Excellence, the partnership aims to enhance their capabilities in data science.

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.

Wipro Limited (NYSE: WIT) has launched its first @now Studio in collaboration with ServiceNow to enhance digital transformation and innovation for customers. This studio, located in Plano, Texas, aims to develop industry-specific solutions and bolster cybersecurity efforts. Wipro plans to expand with additional studios in Europe and APMEA. The initiative also emphasizes job creation and partnerships with local universities, enhancing the workforce's skills in cybersecurity and emerging technologies.