BANGALORE, India & EAST BRUNSWICK, New Jersey--(BUSINESS WIRE)--Wipro Ltd. (NYSE:WIT), a leading global information technology, consulting and outsourcing company has been named ‘Leader’ by technology global research and advisory firm International Data Corporation (IDC) in its report IDC MarketScape: Worldwide Life Science Manufacturing and Supply Chain ITO 2013 Vendor Assessment, Doc #HI244265, November 2013.
IDC evaluated leading Life Science Manufacturing and Supply Chain ITO Services providers across 24 criteria relating to current offering, strategy and market presence based on client inquiries, user needs assessments, and vendor and expert interviews. It identified Wipro as a leader in Worldwide Life Science Manufacturing and Supply Chain ITO.
Elaborating on Wipro’s experience with Life Sciences clients, the report states that “Wipro has extensive experience working with medical device companies, complemented by mid-level experience with pharmaceutical and biotech companies as well. The vast majority of Wipro's life science customers are large corporations with revenues of over $1 billion, with a smaller portion spread across midsize and small firms. While more than half of its client base is North American based, it does have a significant client base across all regions of the world, including Europe, Asia, and Latin America, with multiple delivery centers in each region as well.”
IDC has rated Wipro highly for client centricity based on customer interviews conducted across all the vendors. The report further states “Relative to other vendors discussed in this report, and based on feedback from multiple customer references, Wipro scored the highest among all vendors for account management capabilities and received high marks for technical skills and overall level of value delivered to its clients.”
Elaborating on Wipro's vision and focus, Nitin Raizada - Global Practice Head - Industry Solutions Group, Life Sciences, Wipro, said “We continue to consolidate our position and strengthen our performance. I believe this increase in momentum is the result of a set of structured things we are doing to drive ‘sustainable’ and ‘predictable’ growth. Our continued focus on patient centricity, compliance and commercial effectiveness is showing results. We have gained traction in winning large transformation and domain specific deals by pursuing Wipro’s three-pronged strategy of programmatic mining of existing accounts, new logo pursuits and creating differentiated domain offerings to solve real problems faced by clients.”
About Wipro Ltd.
Wipro Ltd. (NYSE:WIT) is a leading
Information Technology, Consulting and Outsourcing 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 140,000 serving clients across
61 countries. For more information, please visit www.wipro.com.
About IDC MarketScape
IDC MarketScape vendor analysis model
is designed to provide an overview of the competitive fitness of IT,
telecommunications, or industry-specific suppliers in a given market.
The research methodology utilizes a rigorous scoring methodology based
on both qualitative and quantitative criteria that results in a single
graphical illustration of each vendor’s position within a given market.
IDC MarketScape provides a clear framework in which the product and
service offerings, capabilities and strategies, and current and future
market success factors of IT, telecommunications, or industry-specific
vendors can be meaningfully compared. The framework also provides
technology buyers with a transparent foundation to allow companies to
independently compare the strengths and weaknesses of current and
prospective vendors.
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.