Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us    
Google
Web www.equitybulls.com
Stock Report

| More

Wipro achieves Maturity Level 5 in CMMI® V2.0 Development View

Posted On: 2019-03-18 17:04:17

Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading global information technology, consulting and business process services company, today announced that it has been appraised at Maturity Level 5 in the CMMI V2.0 Development View. Wipro is one of the first organizations in the world to be assessed at the highest capability Maturity Level of this new CMMI process framework.

This appraisal validates Wipro's process capabilities and demonstrates the company's commitment to continuous improvement and robust governance for performance excellence. Wipro is helping its clients in their transformational journey and there has been an increase in the client metrics like the Net Promoter Score (NPS), which improved 486 basis points in FY 2018 over FY 2017. The appraisal team applauded Wipro's unique usage of Intelligent Automation through HOLMES. Wipro's Artificial Intelligence (Al) platform. The work done by BOTs in fixed price projects improved from 3.0% in 02 (FY 2018-19) to 6.7% in 03 (FY 2018-19).The team also commended Wipro's capability to optimize project delivery through TopGear and the company's ability to utilize cutting-edge technologies like Neural Networks and Machine Learning to optimize processes in conjunction with their CMMI adoption.

Bhanumurthy B. M., President & Chief Operating Officer, Wipro Limited said, "This appraisal showcases Wipro's commitment to deliver high-quality solutions, a great customer experience and strong alignment of our processes with business objectives. The CMMI journey has been instrumental in achieving a high level of customer satisfaction and will ensure that Wipro remains an industry leader in quality."

Devender Malhotra, Vice President & Global Head - Quality and Enterprise Risk Management, Wipro Limited added, "Wipro has once again proved that we are the pioneers in quality processes. The CMMI Journey has helped us develop a culture of process transformation with predictable delivery."

An appraisal at CMMI Maturity Level 5 indicates that an organization is performing at an "optimizing" level. An organization operating at this level continually improve their processes based on a quantitative understanding of its business objectives and performance and uses a quantitative approach to understand the variation inherent in the process and the causes of process outcomes to drive business performance.

Shares of WIPRO LTD. was last trading in BSE at Rs.257.7 as compared to the previous close of Rs. 262.7. The total number of shares traded during the day was 1825180 in over 4363 trades.

The stock hit an intraday high of Rs. 264.5 and intraday low of 256.05. The net turnover during the day was Rs. 470181863.


Source: Equity Bulls

Click here to send ur comments or to feedback@equitybulls.com





Other Headlines:

Persistent Systems arm to acquire Youperience GmbH

ICRA revises ratings of Sasan Power Ltd

IFCI update on Corporate Business Plan

Jump Networks Launches Rural Organic Farming Initiative Using TORUS

Asian Granito India Ltd inaugurates new showroom in Himmatnagar

Jubilant Life Sciences Ltd issues CPs of Rs. 40 crore

Prism Johnson Ltd board to announce Q1 results on July 30, 2019

NTPC Wins 40 MW Solar Capacities In UPNEDA'S 500 MW Tender

DCW Ltd board to consider preferential issue for Rs. 80 crores

Endurance Technologies Ltd board to approve Q1 results on Aug 8, 2019

Godrej Properties Ltd board to consider QIP on June 28, 2019

Transpek Industry Ltd to restart operations at Ekalbara factory

Panorama Studios International and PVR Pictures collaborate to distribute films in India

SpiceJet introduces Riyadh as its 10th international destination

TCS' Jile™ makes its debut in the Gartner 2019 Magic Quadrant for Enterprise Agile Planning Tools

Infosys named a Leader among API Strategy and Delivery Service Providers in 2019 Report

Mideast Integrated Steels Ltd announces resignation of Mr Dipak Chatterjee

Nestle India Introduces MAGGI Fusian Noodles range

Dr. Reddy's Laboratories announces the launch of Tobramycin Inhalation Solution, USP in the U.S. Market

Indag Rubber Ltd board to consider Q1 results on July 23, 2019

Shriram Capital Ltd updates on potential exit of Piramal and TPG

Finolex Cables Ltd board to approve Q1 results on Aug 14, 2019

Wisec Global Ltd announces resignation of independent director

Kalpataru Power Transmission Ltd calls for board meeting on July 2, 2019

IndusInd Bank inaugurates a branch in Jewar, Uttar Pradesh

Subex joins Global Leaders' Forum Communications Blockchain Network

Genus Paper & Boards Ltd appoints Mr. Pradeep Narain Tandon as additional director

JSW Steel Ltd board to announce Q1 results on July 26, 2019

Nucleus Software's latest version of FinnOne Neo to help lenders accelerate their path to digital revenues

Alembic Pharmaceuticals receives USFDA Approval for Oseltamivir Phosphate Capsules USP

Court Grants Non Bailable Arrest Warrants of Kislay Panday & Ram Mani Panday

Alankit spearheads large-scale Student ID card project - A smart initiative by the e-Governance leader

Mahindra World City, Jaipur inaugurates 'Digital Literacy Centre' in Laliya-Ka-Bas Village

TAAL Enterprises Ltd Q4 PAT rises to Rs. 6.43 crores

Quess Corp Ltd to consider raising of Rs. 51 crores

Andhra Bank board approves proposal to raise Rs. 2000 crore

Welspun Corp Ltd fixes July 5, 2019 as record date for buy back

Quess Corp arm bags work order from Amazon

TTK Prestige Ltd board to announce Q1 results on August 12, 2019

IFCI to sell its 2.44% stake in NSE

Master Trust Ltd Board to consider Sub-division of equity shares

Eris Lifesciences Ltd Board to consider Buyback of equity shares

RITES announces 1:4 Bonus Share Issue

L&T announces offer for sale of shares of L&T Technology Services Ltd at Rs. 1650

Offer for Sale of Shares of SBI Life Insurance Company Ltd announced by Promoter

Zensar Technologies Ltd board to approve Q1 results on Aug 6, 2019

Emami Group Promoters divest 10% stake for INR 1230 cr in Emami Limited

Ind-Ra affirms long term rating of HEG Ltd

TCS hikes Stake in JV with Mitsubishi Corporation

Som Distilleries & Breweries Ltd calls for board meeting on July 3, 2019







Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2019