IDC Rates Wipro as the Leader among Worldwide Offshore Service Providers
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BANGALORE, India--(BUSINESS WIRE)--Aug. 16, 2004--Wipro Technologies, the global IT services division of Wipro Limited (NYSE:WIT), has been rated as a top leader among offshore service providers by industry analysts IDC in a comprehensive study of 21 offshore players around the world (including APAC, Europe and Latin America).
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In the report entitled "'Worldwide Offshore 2003 Services Provider Profiles", IDC profiled the 21 offshore players on the 'offshore leadership grid' based on a comprehensive framework and set of parameters that evaluate their competitiveness in the marketplace. Wipro is positioned as a top Outperformer in the IDC leadership grid, which positions each company against two axes: opportunity alignment and ability to gain share.
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"Wipro's strength lies in its ability to deliver solutions using an integrated service line which positions it as an end to end solutions partner to clients worldwide. A multi cultural work force and strong investments in process excellence marks Wipro as the most preferred IT partner to its customers." said David Tapper, Program Director, IT Outsourcing and Utility Services and Global Offshore Services, IDC.
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"Ranked as a top leader among offshore providers by IDC reflects Wipro's commitment to delivering measurable business results that help our customers" said Sudip Banerjee, President - Enterprise solutions, Wipro Technologies "This validates our process and technical excellence, service breadth, partnerships and ability to move higher in the value chain of services we offer to our customers"
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About the study
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IDC report, Worldwide Offshore 2003 Service Provider Profiles: July 2004 (IDC #31506) provides key statistics and analysis of 21 offshore providers for both IT and business services as well as research and development (R&D) services. In addition to offshore provider analysis and benchmarking, this document provides in-depth information on offshore market and industry trends as well as a set of recommendations and guidelines designed to help offshore players compete successfully in the IT and business services markets and against the large and regional service providers across these two industries.
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About Wipro Limited
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Wipro Limited is the first PCMM Level 5 and SEI CMM Level 5 certified IT Services Company globally. Wipro provides comprehensive IT solutions and services, including systems integration, information systems outsourcing, package implementation, software application development and maintenance, and research and development services to corporations globally. In the Indian market, Wipro is a leader in providing IT solutions and services for the corporate segment in India offering system integration, network integration, software solutions and IT services. Wipro also has profitable presence in niche market segments of consumer products and lighting. In the Asia Pacific and Middle East markets, Wipro provides IT solutions and services for global corporations. Wipro's ADSs are listed on the New York Stock Exchange, and its equity shares are listed in India on the Stock Exchange - Mumbai and the National Stock Exchange, among others. More information is available at www.wipro.com.
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Forward-looking and cautionary statements
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Certain statements in this release concerning our future growth prospects and our ability to successfully complete and integrate potential acquisitions 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 our ability to integrate and manage acquired IT professionals, our ability to integrate acquired assets in a cost effective and timely manner, fluctuations in earnings, our ability to manage growth, intense competition in IT services including those factors which may affect 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, , liability for damages on our service contracts, the success of the companies in which Wipro has made strategic investments, withdrawal of fiscal governmental incentives, political instability, legal restrictions on raising capital or acquiring companies outside India, unauthorized use of our intellectual property and general economic conditions affecting our 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. Wipro 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. Wipro does not undertake to update any forward-looking statement that may be made from time to time by or on behalf of the company. For further information, please visit our websites at www.wipro.com, www.wiprocorporate.com and www.wipro.co.in.
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Contacts
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Wipro Technologies
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Supratim Sarkar, +91-80-25056683
supratim.sarkar@wipro.com
