EAST BRUNSWICK, N.J. & BANGALORE, India--(BUSINESS WIRE)--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.