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Stock Report
HM Treasury Selects Wipro for Service Integration and Management
Posted On : 2022-08-18 18:05:13( TIMEZONE : IST )
Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading technology services and consulting company, today announced that it has been awarded a multi-year contract to deliver Service Integration and Management (SIAM) Services to HM Treasury (HMT). The service will enable seamless integration of IT services across multi-functional suppliers and partners, enhancing the user experience across HMT and its Arm's Length Bodies.
Wipro and HMT will collaborate to enable end-to-end SIAM services, from strategy, design, and implementation to running business-as-usual services such as day-to-day coordination of service integration across HMT's vendors. Wipro's robust SIAM capabilities and proven approach will complement HMT's vision to build a sustainable and continuously improving supplier ecosystem and infrastructure.
Huw Stephens, Chief Information Officer, HM Treasury, said: "I am looking forward to working with Wipro in shaping and delivering the next generation of IT services at HM Treasury. This new partnership will support the department by improving end to end IT services by delivering more responsive services for our users."
Omkar Nisal, Manager Director UK & Ireland, Wipro Limited, said: "We are delighted to form a partnership with HMT and to play a key role to drive their 'One Team' culture. The Wipro team will be acting as an orchestrator; managing and governing end to end service operations across all of HMT's suppliers; delivering operational efficiency, transparency and improved service quality. Public Sector digitalisation is vital to providing efficient and resilient services to citizens across the UK, so it's an honour to play an important role in a prestigious government department at the beating heart of the UK economy."
Shares of Wipro Limited was last trading in BSE at Rs. 435.00 as compared to the previous close of Rs. 443.10. The total number of shares traded during the day was 534129 in over 24050 trades.
The stock hit an intraday high of Rs. 441.00 and intraday low of 434.00. The net turnover during the day was Rs. 232895829.00.
