Wipro Ranked among Top 3 at Asian MAKE Awards 2015
November 09 2015 - 7:00AM
Business Wire
Leader in the Indian Organizations in Asian
MAKE
Wipro Limited (NYSE:WIT), a leading global information
technology, consulting and business process services company, today
announced that it has been recognized among the top 3 companies who
have been awarded the Asian MAKE (Most Admired Knowledge
Enterprise) Award. The MAKE Awards are administered by Teleos, an
independent research firm based in the United Kingdom. The winners
for the Asian MAKE award are selected by a panel of Fortune Global
500 senior executives and leading knowledge management (KM) and
intellectual capital experts, based in Asia.
The 2015 Asian MAKE panel recognised Wipro for creating a
knowledge-driven enterprise culture. This is the thirteenth
consecutive year that Wipro has been recognised as an Asian MAKE
Winner.
The Asian MAKE study recognises Asian head quartered
organisations for their ability to create shareholder value by
transforming new as well as existing enterprise knowledge into
superior products, services and solutions.
Based on the findings of the 2015 Asian MAKE study, the benefits
of the economic and competitive advantages of ‘pursuing a business
strategy based on knowledge leadership’ are tangible and
significant. Successfully managing enterprise knowledge yields big
dividends. The 2015 Asian MAKE Winners’ average Return on Revenues
(ROR) was 13.7% - 3.5 times that of the Fortune Global 500 ROR
company median. The average Return on Assets (ROA) for the 2015
Asian MAKE Winners was 15.2% – 5.9 times that of the Fortune Global
500 ROA company median.
Wipro’s KM initiatives have been facilitating seamless knowledge
flow between all stakeholders like customers, partners and the
delivery teams. The focus has been on creating business value and
delivering enhanced customer experience through the organization’s
collective knowledge.
Rory Chase, Managing Director, Teleos, said: “Wipro, a
member of the 2015 Asian Most Admired Knowledge Enterprises (MAKE)
Hall of Fame, has been recognised as a leader in creating a
knowledge-driven, customer-focused company. Wipro is expanding its
portfolio of intellectual capital, enabling the firm to out-perform
its competitors during this period of continuing economic
uncertainty.”
Acknowledging the recognition, Abidali Z. Neemuchwala, Group
President & Chief Operations Officer, Wipro Ltd., stated,
"Wipro has a long tradition and an ingrained culture of building
knowledge repositories. Cognitive intelligence, hyper-automation
and digital technologies will play a defining role in the future.
Our investments towards building expertise in these domains will
help us empower our customers to stay ahead of their competition.
Winning the Asian MAKE award for the past 13 years bears testimony
to the value we attach to being a knowledge-driven
organization.”
“Experimentation and Innovation are key levers for driving
various KM initiatives within Wipro and the current focus is on KM
digitalization. The recognition as 2015 Asian MAKE winner
reinforces the business value that is being provided for our
stakeholders,” added Dr. Hariprasad Reddy, Head of Knowledge
Management, Wipro Ltd.
About Wipro Ltd.Wipro Ltd. (NYSE:WIT) is a leading
information technology, consulting and business process services
company that delivers solutions to enable its clients do business
better. Wipro delivers winning business outcomes through its deep
industry experience and a 360 degree view of "Business through
Technology" - helping clients create successful and adaptive
businesses. A company recognized globally for its comprehensive
portfolio of services, a practitioner's approach to delivering
innovation, and an organization wide commitment to sustainability,
Wipro has a workforce of over 150,000, serving clients in 175+
cities across 6 continents. For more information, please visit
www.wipro.com.
About TeleosTeleos, an independent knowledge
management and intellectual capital research firm, administers the
MAKE program. The KNOW Network is a Web-based global community of
organizations dedicated to achieving superior performance through
networking and best practice knowledge sharing.
Forward-looking and Cautionary StatementsCertain
statements in this release concerning our future growth prospects
are forward-looking statements, which involve a number of risks,
and uncertainties that could cause actual results to differ
materially from those in such forward-looking statements. The risks
and uncertainties relating to these statements include, but are not
limited to, risks and uncertainties regarding fluctuations in our
earnings, revenue and profits, our ability to generate and manage
growth, 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. 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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Wipro LimitedGitanjali SreepalGitanjali.sreepal@wipro.com
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