Wipro gains as Vestas Wind Systems selects company to provide workplace services

19 May 2016

Wipro is currently trading at Rs. 539.50, up by 0.55 points or 0.10% from its previous closing of Rs. 538.95 on the BSE.

The scrip opened at Rs. 540.25 and has touched a high and low of Rs. 541.00 and Rs. 537.60 respectively. So far 3,779 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 613.00 on 01-Oct-2015 and a 52 week low of Rs. 508.90 on 29-Feb-2016.

Last one week high and low of the scrip stood at Rs. 545.00 and Rs. 535.00 respectively. The current market cap of the company is Rs. 1,33,294.00 crore.

The promoters holding in the company stood at 73.34% while Institutions and Non-Institutions held 16.18% and 10.47% respectively.

Wipro, a leading global information technology, consulting and business process services company has been selected by Vestas Wind Systems, as its strategic IT partner for Workplace Services. Headquartered in Aarhus, Denmark, Vestas is a global energy company that delivers best-in-class wind energy solutions in over 75 countries. Vestas’ core business comprises of the development, manufacturing, sale and maintenance of wind power plants.

Wipro will deploy its proprietary LiVE Workspace solution for Vestas as part of this multi-year digital transformation engagement. The solution aims to enable a superior computing experience for users, while ensuring data security and also offers users access to applications -- anywhere, anytime and on any device. This technology deployment will provide Vestas’ 20,000 employees, spread across 75 countries with an user-centric, collaborative and energy efficient workplace, with smart systems, which will boost business agility. The smart systems include predictive monitoring for faster service restoration, automation and preventive self-heal to minimize service disruptions, and round-the-clock resilient end-user infrastructure.

Wipro is a global information technology, consulting and outsourcing company. The company’s business comprises the IT Services and IT Products segments. The Company's IT Services business provides a range of IT and IT-enabled services, which include IT consulting, custom application design, development, re-engineering and maintenance, systems integration, package implementation, global infrastructure services, business process services, research and development and hardware and software design to the enterprises worldwide. The IT Products segment provides a range of third-party IT products, which allows it to offer IT system integration services.


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