Wipro Ranked Amongst the Top 3 in IAOP’s Global Outsourcing 100 List
BANGALORE, India & EAST BRUNSWICK, N.J. -- May 13, 2013
Wipro Ltd. (NYSE:WIT), a leading Global Information Technology, Consulting and
Outsourcing company today announced that it has been named amongst the top 3
in the ‘2013 Global Outsourcing 100’ list compiled annually by International
Association of Outsourcing Professionals® (IAOP®), the global,
standard-setting organization and advocate for the outsourcing profession.
Placed at number three in the 2013 list, Wipro’s ranking has moved up by four
places from the previous year.
IAOP is in its eighth year of compiling its annual ranking of the world’s best
outsourcing service providers and advisors – The Global Outsourcing 100. The
list includes companies from across the world, covering an entire spectrum of
outsourcing service providers.
The ‘Global Outsourcing 100’ list ranks companies based on parameters such as
customer experience and global presence. Other parameters includes depth and
breadth of competencies demonstrated through industry recognition, relevant
certifications and investment in the development of people, processes and
technologies; and finally, the executive leadership of the company.
Commenting on this ranking, Puneet Chandra, Chief Marketing Officer, Wipro
said, “Today’s rapidly changing market environment is triggering tectonic
shifts in technology trends and customer requirements, and Wipro is constantly
looking at solutions that will help businesses ‘differentiate at the front’
and ‘standardize at the core’. This prestigious recognition is a testament to
our customers’ continued confidence in our capabilities towards adding value
to their business; and our renewed emphasis on account management, deep domain
skills, building targeted solutions and enhancing customer and employee
“As applicants continually raise the bar and as the outsourcing industry
continues to grow and mature in many markets, competition is tougher,” said
Jag Dalal, Chief Advisor of Thought Leadership, IAOP and chairman of the
judges' panel. “Being named to The Global Outsourcing 100 and The World's Best
Outsourcing Advisors is a great achievement, particularly given the strong
competition, and we are proud to recognize Wipro for their excellence.”
The evaluation was done by an independent judging panel organized by IAOP.
The International Association of Outsourcing Professionals® (IAOP®) is the
global, standard-setting organization and advocate for the outsourcing
profession. With more than 120,000 members and affiliates worldwide, IAOP
helps companies increase their outsourcing success rate, improve their
outsourcing ROI, and expand the opportunities for outsourcing across their
businesses. To learn more, visit http://www.IAOP.org.
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 over 140,000 employees and clients across 54
countries. 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
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