Wipro Positioned in ‘Winner’s Circle’ of HFS Blueprint Report on Software Product Engineering Services 2018

EAST BRUNSWICK, N.J. & BANGALORE, India–(BUSINESS WIRE)–lt;a href=”https://twitter.com/hashtag/AnitaGanti?src=hash” target=”_blank”gt;#AnitaGantilt;/agt;–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 in the ‘Winner’s
Circle’ of HFS Research Blueprint Report on Software Product Engineering
Services 2018.

The report titled, ‘HFS Blueprint Report: Software Product Engineering
Services’, was authored by Pareekh Jain, Senior Vice President, HFS
Research, and Tanmoy Mondal, Senior Research Analyst, HFS Research, and
was published in August 2018. The firm evaluated the capabilities of 25
service providers across a number of facets in two main categories –
Innovation and Execution.

The report recognizes Wipro’s compelling vision, strategy and commitment
to deliver business outcomes for customers in Software Product
Engineering services. According to the report, Wipro’s strong onshore
presence, investment in labs and innovation are the key differentiators.
HFS has also recognized Wipro’s extensive range of service offerings,
partnerships with start-ups, geographic delivery mix and key proprietary
solutions.

The report also states that Wipro has been at the cutting edge of
engineering innovation with some of their key customers across
automotive, healthcare, media and hi-tech industries. As per the report,
Wipro’s strengths in software engineering include:

  • Strong services offerings: Wipro has 20+ years of experience of
    delivering software product engineering services. It has deep domain
    expertise in the areas of system software, cloud, machine learning,
    mobility, UI/UX, and other areas of digitization. Wipro is also strong
    in DevOps and agile methodologies. It has built DevOps platform for
    rapid implementation and is working with 100+ clients in agile
    projects.
  • Investment in labs, solutions, and innovation: Wipro has one of
    the highest number of patents among the service providers evaluated
    for this Blueprint. It has invested in multiple labs and centres of
    excellence (including domain specific, automation, artificial
    intelligence, etc.) for building POCs, solutions and frameworks. Wipro
    is also leveraging its own crowdsourcing platform (Top Coder) to
    implement innovative design and development challenges in niche
    technologies.
  • Accessibility engineering: Wipro is going beyond profits and
    has developed accessibility services offerings for digital Inclusion
    of persons with disabilities. It engages with clients to address the
    accessibility concerns based on the industry-specific needs and legal
    requirements.
  • High value client accounts: Wipro has one of the highest number
    of $5 million+ client accounts among the service providers included
    for this Blueprint. It also has a good portfolio of clients that have
    long-term contracts with Wipro.
  • Quality of Customers: Wipro has one of the highest number of
    clients in top 100 independent software vendors (ISVs), top 10 ISVs
    and also in the top 25 internet companies list which denotes the
    client quality mix of the service provider.
  • Partnership with start-up companies: Wipro has established its
    strategic investment arm, Wipro Ventures ($100 million fund) that
    invests in promising start-up companies.

Anita Ganti, Senior Vice-President and Global Head – Product
Engineering, Industrial & Engineering Services Group, Wipro Limited

said, “Wipro has one of the highest number of high-value client accounts
amongst the service providers included for this Blueprint. Our strategic
investment arm, Wipro Ventures, invests in promising start-ups related
to software product engineering services. We also leverage our own cloud
solution platform to implement innovative designs in niche technologies.
We are delighted to be recognized among the ‘Winner’s Circle’ of this
HFS Blueprint and look forward to doing exciting work for our clients.”

“Wipro is in the Winner’s Circle of our Software Product Engineering
Services Blueprint Report because of its strong service offerings, a
portfolio of high value customer accounts, investment in patents, labs
and collaboration with startups,” said Pareekh Jain, Senior Vice
President, HFS Research
. “Wipro has stood out in terms of the
quality of clients and geographic delivery spread. Its client portfolio
includes one of the highest number of top 100 ISVs and top 25 internet
companies. Its innovation willingness and solid delivery capability
across geographies are major reasons of high number of long-term
engagements.”

Wipro’s has over two decades of experience in end-to-end product and
engineering services, across industries. Leveraging new age technologies
such as IoT, Cloud, 3D Printing, Virtualization and AI, Wipro helps
enterprises in their journey of digital transformation.

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 170,000 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.

Contacts

Prathibha Das
Wipro Limited
prathibha.das@wipro.com