Wipro Cited as a Leader and Star Performer on the Capital Markets Application Outsourcing PEAK Matrix™ by Everest Group
September 08 2015 - 8:30AM
Business Wire
Wipro has demonstrated consistent performance
across all the dimensions of Delivery Capability, Innovation and
Market Success.
Wipro Limited (NYSE:WIT), a leading global information
technology, consulting and business process services company today
announced that it has been cited as a 'Leader' and 'Star Performer'
by Everest Group, a global independent consulting and research
firm, in its recently released report 'IT Outsourcing in Global
Capital Markets – Service Provider Landscape with PEAK Matrix™
Assessment 2015.'
The study analyzed the capabilities of over 30 leading
Applications Outsourcing service providers, specific to the global
capital markets sector who were mapped on Everest Group's
Performance, Experience, Ability, Knowledge (PEAK) Matrix.
Roop Singh, SVP & Global Head, Securities & Capital
Markets, Wipro Limited said, "This recognition is a reflection
of the level of partnership with our clients in the capital markets
space. We continue with our approach of being ‘simple, predictable
and consistent’ towards investments in technologies, platforms and
innovative value propositions that help our clients enhance
revenue, reduce cost and manage their risk better."
“Globally, capital markets firms are focusing on containing
costs and improving profitability, while dealing with high
regulatory pressures, intense competition, and an uncertain
economy. IT service providers are having to adapt their offerings
to this evolving demand environment and invest in digital
technologies, utility-based models, proprietary regulatory
solutions, and co-innovation with clients,” said Jimit Arora,
Vice President, Everest Group. “Investments in enhancing
domain-centric solutions, transformational delivery capabilities, a
challenger proposition, and solid account management enabled Wipro
to deliver top quartile performance and achieve Star Performer
status and enter the Leaders category on the 2015 Everest Group
Capital Markets AO PEAK MatrixTM.”
In the report, Everest Group recognized Wipro's Securities &
Capital Markets business for showing strong forward year-on-year
movement on the PEAK Matrix in terms of delivery capability,
innovation and market success.
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 to 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.
Forward-looking and Cautionary Statements
Certain 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.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20150908005747/en/
Wipro Media:Purnima Burmanpurnima.burman@wipro.com
Wipro (NYSE:WIT)
Historical Stock Chart
From Aug 2024 to Sep 2024
Wipro (NYSE:WIT)
Historical Stock Chart
From Sep 2023 to Sep 2024