Wipro Stock Price, News & Analysis

Wipro Limited (NYSE: WIT) has extended its partnership with Levi Strauss & Co., focusing on enhancing customer experiences across various digital platforms. This multi-year collaboration aims to provide Global IT support services in areas such as eCommerce and retail infrastructure. An AI-driven tool will help Levi identify and prevent inconsistencies in its operations. Wipro's long-standing experience in retail will support this initiative. Both companies expressed optimism about the partnership's potential to drive business growth and mitigate risks.

Wipro Limited (NYSE: WIT) has been named a Leader in the IDC MarketScape: Worldwide Supply Chain SAP Ecosystems Services 2021 Vendor Assessment. This recognition comes amid global supply chain disruptions, highlighting Wipro's strength in consulting, analytics, and process mining capabilities. The report evaluated 11 firms, positioning Wipro as a front-runner due to its outcome-based approach and unique digital transformation roadmap tailored to client needs. The company continues to leverage its SAP supply chain suite to enhance operational efficiency across industries.

Wipro Limited (NYSE: WIT) has launched its Zero Cost Transformation offering in collaboration with Oracle, aimed at assisting organizations in migrating to the Oracle Cloud Infrastructure (OCI). This new service intends to reduce migration costs and shift companies from CapEx to OpEx models by providing managed services and improved support. Wipro, having increased its Oracle Cloud certifications by 400% since entering the market, focuses on seamless, risk-mitigated transitions. The initiative is seen as a strategic move to enhance organizational cloud adoption efficiently.

Wipro Limited (NYSE: WIT) filed its Annual Report on Form 20-F for the fiscal year ending March 31, 2021, with the U.S. SEC on June 9, 2021. The report complies with International Financial Reporting Standards (IFRS) and is accessible to American Depository Shares (ADS) holders on Wipro's website, eliminating the need for physical distribution. Copies are available upon request at no cost. The company emphasizes its commitment to leveraging innovative technologies in providing IT and business process services globally.

Wipro Limited (NYSE: WIT) has announced a strategic partnership with Finastra to enhance digital transformation for corporate banks in the Asia-Pacific region. This collaboration aims to leverage Wipro’s extensive services and Finastra’s innovative trade finance and cash-management solutions. The partnership responds to a shift in corporate banking towards real-time execution and online services, facilitating a faster transition for banks seeking to modernize. With a focus on improving financial institutions' digital capabilities, this agreement builds on Wipro's recent acquisition of Encore Theme Technologies.

Wipro Limited (NYSE: WIT) has integrated Opus Capital Markets Consultants, LLC into its operations, rebranding it as Wipro Opus Risk Solutions LLC. This restructuring aims to enhance the risk management, capital markets, and compliance services provided to clients. Peter Butler emphasized the commitment to delivering value through this integration, while Chris Guidici highlighted innovative opportunities arising from the unified brand. The acquisition of Opus in 2014 has already helped Wipro expand its market reach and service offerings, further strengthening its position in the mortgage and consumer lending sectors.

Wipro Limited (NYSE: WIT) has appointed Ms. Tulsi Naidu as an Independent Director on its Board for five years, effective July 1, 2021, pending shareholder approval. With 25 years of experience in the financial services sector, Naidu currently serves as CEO Asia Pacific at Zurich Insurance Group and has a proven track record of implementing transformative changes. Her leadership is expected to enhance Wipro's capabilities in technology and growth. Rishad Premji, Wipro's Chairman, welcomed her, citing her expertise as beneficial for the company's future.

Wipro Limited (NYSE: WIT) has achieved the Microsoft Windows Virtual Desktop advanced specialization, demonstrating its expertise in deploying and securing virtual desktop infrastructure on Azure. This specialization requires adherence to strict criteria and a third-party audit confirming technical practices. Wipro's capability in implementing Windows Virtual Desktop enables customers to leverage scalable and cost-effective solutions. The recognition enhances Wipro's standing in the cloud services sector, allowing it to deliver superior user experiences while focusing on business results.