Wipro surges on launching new PLM Services for Siemens’ Teamcenter on the Cloud

04 Mar 2014

Wipro is currently trading at Rs. 589.50, up by 3.85 points or 0.66 % from its previous closing of Rs. 585.65 on the BSE.

The scrip opened at Rs. 585.10 and has touched a high and low of Rs. 594.80 and Rs. 585.10 respectively. So far 93795 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 610.50 on 26-Feb-2014 and a 52 week low of Rs. 315.30 on 31-May-2013.

Last one week high and low of the scrip stood at Rs. 610.50 and Rs. 579.50 respectively. The current market cap of the company is Rs. 145373.88 crore.

The promoters holding in the company stood at 73.49 % while Institutions and Non-Institutions held 13.88 % and 10.69 % respectively.

Wipro, a leading global information technology, consulting and outsourcing company launched new cloud based Product Lifecycle Management (PLM) services that will support Siemens PLM Software’s Teamcenter portfolio, the world’s most widely used digital lifecycle management software. Wipro is a Global consulting and Systems Integration partner of Siemens PLM Software.

Siemens and Wipro offer the power of their combined product and process knowledge, industry expertise and rapid implementation services to deliver Teamcenter. The new PLM services will help electronics and semiconductor customers rapidly deploy Teamcenter on the cloud, providing agility to the product development process. They give added flexibility to quickly scale-up or scale-down infrastructure resources based on project requirements.

The solution, delivered through an Infrastructure-as-a-Service (IaaS) platform, also replaces significant upfront capital expenditure with operating expenditure providing ability to leverage PLM tools across the business processes.

Wipro is a leading provider of analytics and information management solutions - enabling customers to derive actionable business insights from data to drive growth, enhance cost management and strengthen risk management.

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