Wipro Ranked #4 in HFS Research’s Top 10 Banking and Financial Services Report

Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), one of the world’s leading information technology, consulting and business process services companies, today announced that it is ranked # #4 in the HFS Top 10: Banking and Financial Services – Best in the Best Service Providers report, which assesses the capabilities of the world’s leading providers of banking and financial services.

The study assessed vendor capabilities across the HFS Banking and Financial Services (BFS) value chain based on execution, innovation, voice of the customer (VOC), and a new criterion for 2021, alignment with the HFS OneOffice model, which is HFS’ vision of digital transformation.

The acquisition of Capco, which added more than 6,000 financial services experts and many of the world’s largest financial institutions to Wipro’s list of customers, was a significant factor in Wipro’s strong performance in the report. . The consulting-driven transformation, anchored by the acquisition of Capco, led to Wipro being ranked #1 in the growth category, #2 in strategy and vision, and #2 in depth and breadth of capacities. The Capco acquisition, announced in March 2021, is Wipro’s largest to date.

“Our continued investment in our banking and financial services capabilities, bolstered by our recent acquisition of Capco, continues to set us apart in the market,” said Harpreet Arora, Vice Chairman of Wipro Limited. “As we improve our capabilities and become the engine of our customers’ digital journey, our services and solutions are increasingly essential to driving exceptional business results and digital experiences for our customers. We are delighted to receive this recognition from HFS.

Commenting on Wipro’s recognition, Elena Christopher, Research Manager, Financial Services, HFS Research, said, “We congratulate Wipro on its strong performance. Wipro has made notable progress over the review period, including its largest-ever acquisition with Capco, strong CEO Thierry Delaporte, a streamlined operating model that helps amplify customer engagement and enable end-to-end solutions. Wipro’s BFS business is truly the poster child for the revitalization the company is experiencing and its continued focus on delivering end-to-end capabilities with well-oiled delivery capabilities.”

Shares of Wipro Limited last traded in BSE at Rs. 541.90 from the previous close of Rs. 561.65. The total number of shares traded during the day was 893,093 in over 46,882 trades.

The stock hit an intraday high of Rs. 557.00 and intraday low of 530.50. Net turnover during the day was Rs. 490437834.00.

Source: Stock market bulls

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