Stock Report

Wipro ranked # 3 in HFS Top 10: Life Sciences Service providers 2021

Posted On : 2022-05-24 19:25:16( TIMEZONE : IST )

Wipro ranked # 3 in HFS Top 10: Life Sciences Service providers 2021

Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading global information technology, consulting and business process services company, announced that it has been ranked top 3 in HFS Top 10: Life Sciences service providers 2021.

The study evaluated Life Science service providers across the execution of solutions, innovation, one office alignment and voice of customer. Wipro's restructuring, double digit growth and full stack capabilities were key strengths highlighted by HFS. Investments in domain experts, thought leaders, consulting partners, transformation models that leverage artificial intelligence and machine learning coupled with acquisitions have expanded Wipro's portfolio and strengthened capabilities that helped deliver innovative solutions for clients. Talent management and outcome driven engagements with clients have also been called out as key levers for client stickiness. Finally, customer references applauded Wipro's work and domain strengths.

Srini Rajamani, Senior Vice President & Sector Head - Consumer and Life Sciences, Wipro Limited, said "Wipro has enhanced offerings for clients in genomics, next-gen sequencing technologies, clinical development, quality, compliance, patient experiences and much more. Our recent acquisitions, too, help in the ability to execute and deliver outcomes. This recognition from HFS accentuates Wipro's capability across the value chain."

"Wipro has made significant emerging technology investments in the development of their life sciences solutions portfolio. The depth and maturity of their capabilities across the value chain earn them the right to have strategic discussions with their clients which is a cornerstone of their go-to-market. Their growth has surpassed the market and has positioned them as amongst the top 2 largest industry segments within Wipro," said Rohan Kulkarni, Vice President & Practice Leader, Healthcare research, HFS Research.

Shares of Wipro Limited was last trading in BSE at Rs. 460.05 as compared to the previous close of Rs. 465.70. The total number of shares traded during the day was 545012 in over 9299 trades.

The stock hit an intraday high of Rs. 469.40 and intraday low of 458.15. The net turnover during the day was Rs. 252249330.00.

Source : Equity Bulls


Wipro INE075A01022 WIT HFSTop10 LifeSciencesServiceProviders2021