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Company Name : WIPRO

Thursday, June 14, 2018 7:49PM IST (2:19PM GMT)

NYSE:WIT(BSE:507685)(NSE:WIPRO)(NYSE:WIT)

Nokia Selects Wipro to Accelerate its Supply Chain Digital Transformation


East Brunswick, New Jersey, United States & Bangalore, Karnataka, India

Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading global information technology, consulting and business process services company, today announced the Go-Live for the design and digitalization of Nokia’s sales order operations as part of a multi-year business process services deal.

Headquartered in Espoo, Finland, Nokia is a leading network equipment, software and services provider, with operations spread across more than 100 countries. In the perspective of new 5G and IoT business, Nokia aims to transform its supply chain and sales order management processes.

In line with this objective, Wipro will help design, digitalize and run Nokia’s sales order management operations from multiple centers, globally. Wipro will be applying robotics process automation (RPA) to enable a hyper-automated supply chain, which will be lean, agile and have the flexibility to meet the customer’s current business challenges as well as keep pace with their future requirements. Wipro will be leveraging cognitive algorithms and bots to automate the sales order management processes, reduce cycle time, handle the sales volume fluctuations and monitor operations in real time, thereby increasing accuracy and compliance in all transactions.

“The partnership with Nokia is a reflection of our strategic efforts to drive the digitization and transformation of global business operations in supply chain and order management. Using an AI-led digital platform ensures safe and easy ways of exchanging information where all players across the supply chain stand to benefit. We look forward to making a real difference in simplifying information flows using our digital approach and solutions,” said Nagendra Bandaru, Senior Vice President and Global Head, Business Process Services, Wipro Limited.

“Nokia had been looking for a partner to support the digital transformation of its supply chain while maintaining business continuity and operational excellence. Wipro was selected after a thorough assessment of their capabilities to deliver innovative solutions and run complex operations. Nokia has had a long association with Wipro, and we selected them for their understanding of the industry and in-depth experience of executing large-scale digital transformation projects,” said Christian Forster, Vice President Delivery Operations at Nokia

“We are delighted to partner with Nokia in their ambitious digital transformation journey,” said Nitin Parab, Global Head of Technology Business Unit, Wipro Limited. “The right synergies created by Wipro’s deep understanding of the telecom industry combined with our strengths in digital technologies and the investment in our Wipro HOLMES™ AI platform will help us enable Nokia’s objective of a digital supply chain.”

About Wipro Limited

Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO) is a leading global information technology, consulting and business process services company. We harness the power of cognitive computing, hyper-automation, robotics, cloud, analytics and emerging technologies to help our clients adapt to the digital world and make them successful. A company recognized globally for its comprehensive portfolio of services, strong commitment to sustainability and good corporate citizenship, we have over 160,000 dedicated employees serving clients across six continents. Together, we discover ideas and connect the dots to build a better and a bold new future.
 
Forward-looking and Cautionary Statements

Certain statements in this release concerning our future growth prospects are forward-looking statements, which involve a number of risks, and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding fluctuations in our earnings, revenue and profits, our ability to generate and manage growth, intense competition in IT services, our ability to maintain our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, the success of the companies in which we make strategic investments, withdrawal of fiscal governmental incentives, political instability, war, legal restrictions on raising capital or acquiring companies outside India, unauthorized use of our intellectual property, and general economic conditions affecting our business and industry. Additional risks that could affect our future operating results are more fully described in our filings with the United States Securities and Exchange Commission. These filings are available at www.sec.gov. We may, from time to time, make additional written and oral forward-looking statements, including statements contained in the company’s filings with the Securities and Exchange Commission and our reports to shareholders. We do not undertake to update any forward-looking statement that may be made from time to time by us or on our behalf.


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News Summary

Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading global information technology, consulting and business process services company, today announced the Go-Live for the design and digitalization of Nokia’s sales order operations as part of a multi-year business process services deal.