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Wipro awarded multi-year IT Managed Services contract by leading converged solutions provider in Malaysia

Posted On: 2021-09-15 13:00:24 (Time Zone: UTC)


Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading global information technology, consulting and business process services company, today announced that it has secured a multiyear contract from Kuala Lumpur- headquartered Maxis Broadband Sdn Bhd, a leading converged solutions provider.

As part of this strategic partnership, Wipro will provide several aspects of IT Managed Services for hybrid Infrastructure and application maintenance. In addition, Wipro will enable new ways of working for Application Development and Testing Services and provide state of the art cybersecurity services for Maxis.

Wipro will support Maxis by leveraging its global service delivery model, telecommunications domain expertise, and Wipro Holmes, its Augmented Intelligence and hyper-automation platform. This will further modernize, automate, simplify and standardize part of Maxis' global IT Managed Services and testing functions, and consolidate many of their current vendors across non-Core application support and development, infrastructure maintenance, cyber security, and new ways of working.

Bhavya Kapoor, Managing Director - Southeast Asia, Wipro Limited said, "We are delighted to be selected as a strategic partner by Maxis, and look forward to supporting them in their IT transformation journey. Our strong capabilities, backed by extensive global experience in working with some of the biggest telecommunication providers in the world, will enable us to deliver this transformational engagement. This partnership endorses the value we bring to the industry and bears testimony to our growing footprint in Malaysia, which is a strategic market for Wipro in Southeast Asia."

Southeast Asia is one of the 6 focus regions that comprise Wipro's APMEA (Asia Pacific-Middle East - Africa) Strategic Market Unit. Wipro has been present in Southeast Asia for over a decade, and works with customers across the telecom, manufacturing, energy, natural resources, utilities, financial services, and retail industry verticals. Wipro also has a presence in the region through its acquired entities - Capco, a global management and technology consultancy providing digital, consulting and technology services to financial institutions, Designit, a strategic design firm specializing in transformative product-service experiences and Topcoder, the world's largest technology network and on-demand digital talent platform with more than 1.6 million developers, designers, data scientists and testers around the globe.

Shares of Wipro Ltd., was last trading in BSE at Rs. 674.05 as compared to the previous close of Rs. 673.2. The total number of shares traded during the day was 177365 in over 3509 trades.

The stock hit an intraday high of Rs. 680.5 and intraday low of 670.15. The net turnover during the day was Rs. 119641314.


Source: Equity Bulls

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