Wipro inches upon entering into a five-year business partnership with ServiceNow!

Wipro inches upon entering into a five-year business partnership with ServiceNow!

by 5paisa Research Team Last Updated: May 19, 2023 - 12:22 pm 204 Views

Shares of the company have gained more than 7%  in just a month.    

Partnership to Bring New Offerings 

Wipro has entered into a five-year business partnership with ServiceNow to invest in and bring new offerings to the market that will empower clients to drive business transformation, overcome business challenges, and deliver greater value.

The agreement expands on the two companies existing partnership and is expected to help accelerate Wipro’s goal of building a USD 1 billion business with ServiceNow by the end of 2026. As part of the partnership Wipro and ServiceNow will deliver joint clients process consulting, implementation, configuration, and managed services. The partnership will cover all global geographies and will initially focus on four key industries: Financial Services, Healthcare, Manufacturing, and Energy and Utilities. 

The expanded partnership will provide a global framework to automate and optimize technology service operations; activate environmental, social, and government (ESG) standards across the enterprise; enable new digital business, customer, and employee experiences, and hyper-automate enterprise resource planning (ERP). Further, it will strengthen the comprehensive portfolio of cloud capabilities offered through Wipro FullStride Cloud. 

Share price movement of Wipro Limited          

Today, the stock opened at Rs 384, with a high and low of Rs 387.20 and Rs 383.40. Currently, the stock is trading at Rs 386.80, up by 1.08%. The stock has a 52-week high of Rs 488 and a 52-week low of Rs 351.85.        

Company profile   

Wipro is a leading global information technology, consulting and business process services company. The company harness the power of cognitive computing, hyper-automation, robotics, cloud, analytics and emerging technologies to help its clients adapt to the digital world and make them successful. The company is recognized globally for its comprehensive portfolio of services, a strong commitment to sustainability and good corporate citizenship. 

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