Wipro Positioned as a Leader in Everest Group PEAK MatrixTM for Application Services in Capital Markets
East Brunswick, New Jersey, USA and Bangalore, India – December 14, 2018:
Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading global information technology, consulting and business process services company, today announced that it has been positioned as a Leader in Everest Group’s recent report on Application Services in Capital Markets – Services PEAK Matrix™ Assessment 2019: Data, Cloud and Platform Investments to Fuel Innovation and Optimize Costs.
Everest Group evaluated twenty seven service providers for their vision and capabilities on key demand themes of capital markets and assessed them based on their investments in Centers of Excellence (COEs), certified talent, platforms and partnerships. Wipro emerged as a Leader based on these parameters, and a Star Performer, based on the greatest positive relative year-on-year movement on the PEAK Matrix, in this edition of the report.
Keyur Maniar, Senior Vice President and Global Head, Securities and Capital Markets, Wipro Limited said, “We are delighted to be positioned as a Leader and more significantly a Star Performer by Everest Group in their Capital Markets Application Services PEAK Matrix™ 2019 Assessment Report. This acknowledgement validates our commitment and attendant execution to deliver industry leading application services and solutions across buy side, sell side, and market infrastructure firms. We will continue to invest in domain capabilities, digital led innovation and localization, all at scale, to create highly contextualized solutions in line with our vision for our Securities and Capital Markets customers.”
“The Capital Markets industry is leveraging a platform-based economy to gain efficiency, collaborate with the ecosystem, and create superior experience. Capital market firms are prioritizing costs optimization in their ‘run the business’ initiatives and are channelizing these savings to their change programs,” said Ronak Doshi, Practice Director, Everest Group.
Doshi added, “Wipro has made significant investments in building point solutions for capital markets-specific use cases. It has also enhanced its partnership ecosystem in niche technology areas such as robotics/AI through investments in Enterprise AI technology platforms. Clients have highlighted technical knowledge, strong resource capabilities, and ability to drive innovation as key strength areas for Wipro.”
To view the full report, please click HERE
About Wipro Limited
Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO) is a leading global information technology, consulting and business process services company. We harness the power of cognitive computing, hyper-automation, robotics, cloud, analytics and emerging technologies to help our clients adapt to the digital world and make them successful. A company recognized globally for its comprehensive portfolio of services, strong commitment to sustainability and good corporate citizenship, we have over 175,000 dedicated employees serving clients across six continents. Together, we discover ideas and connect the dots to build a better and a bold new future.
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.