Wipro Stock Price, News & Analysis

Wipro Limited (NYSE: WIT) has secured a multi-year contract with Verifone to enhance its cloud services offerings. The collaboration aims to drive agility and accelerate time-to-market for Verifone's solutions. Wipro will develop new features and capabilities, facilitating seamless transaction processing, which is essential as the payment industry shifts towards a cashless economy post-pandemic. This contract positions Wipro to leverage its expertise in Cloud Engineering, potentially boosting its market presence and financial performance.

Wipro Limited (NYSE: WIT) released its annual State of Cybersecurity Report, highlighting the increasing role of Artificial Intelligence (AI) in cybersecurity. The report indicates that 49% of cybersecurity patents filed recently focus on AI and Machine Learning. Key findings include that 70% of organizations struggled with endpoint cyber hygiene during remote work, while 87% plan to implement zero trust architecture. The report emphasizes the need for stronger collaboration in combating cyber threats, with organizations investing substantially in cybersecurity.

Wipro Limited (NYSE: WIT) has secured a contract to provide managed SD-WAN transformation services to Olympus, leveraging Cisco technology. This partnership aims to enhance Olympus's application performance and reduce operational costs by up to 30%. Wipro's #WANFreedom solution will enable a centralized platform for contract management across 40+ countries, improving agility and productivity in a hybrid multi-cloud environment. The managed services approach will ensure continuous monitoring and maintenance, ultimately supporting Olympus's digital transformation journey.

Wipro Limited (NYSE: WIT) and SNP Schneider-Neureither & Partner SE have announced a strategic partnership aimed at accelerating enterprise transformation for their customers. Wipro will utilize SNP’s CrystalBridge® data transformation platform alongside the BLUEFIELD™ approach to facilitate seamless migration to SAP S/4HANA®. This collaboration includes the establishment of a 'Transformation Competence Center' for training Wipro consultants, strengthening their ability to deliver agile transformation projects. Both companies aim to enhance innovation and support clients in their digital transformation journeys.

Topcoder, a Wipro company, announced the winners of the 2020 Innovation Awards during a virtual ceremony. The awards celebrate exceptional contributions on the Topcoder Platform in six categories: Enterprise Resiliency, Power User, Cutting Edge, Public Sector, Program of the Year, and Wipro Partnership. Winners included Telstra for innovative technology solutions, Greg Tappert from T-Mobile for outstanding platform use, and the United States Bureau of Reclamation for advancements in water resource management. Topcoder continues to empower organizations to innovate amidst challenges.

Wipro Limited (NYSE: WIT) announced a multi-year contract with ThoughtSpot for software engineering services. This five-year agreement aims to enhance ThoughtSpot's Search and Analytics platform, accelerating feature development and market release cycles. Wipro will utilize its EngineeringNXT framework to deliver these services efficiently, helping ThoughtSpot maintain its competitive edge in the rapidly evolving analytics market. This partnership aligns with Wipro's strategy to strengthen its presence in the U.S. and enhance its capabilities in AI and Cloud technologies.

Wipro Limited (NYSE: WIT) has launched the Wipro AWS Business Group (WABG) to enhance customer cloud transformations on AWS. This unit combines over 10,000 AWS-certified consultants and specialized teams to accelerate business development and innovation. The initiative follows successful collaborations with AWS, particularly with Wabtec, illustrating Wipro's deep cloud expertise. Both companies aim to innovate solutions across industries, focusing on AI/ML, migration, and modernization, further solidifying their partnership in the cloud services sector.

Wipro Limited (NYSE: WIT) announced plans to expand its IBM Hybrid Cloud Practice aimed at modernizing digital operations for clients using IBM Cloud Paks on Red Hat OpenShift. This initiative will help enterprises innovate at scale with solutions like BoundaryLess Enterprise for managing hybrid cloud environments and ModernizR for migrating legacy applications to the cloud using artificial intelligence. Wipro's collaboration with IBM focuses on enhancing cloud capabilities across various industries, reinforcing their commitment to client transformation.