Wipro has demonstrated consistent performance across all the dimensions of Delivery Capability, Innovation and Market Success.
Wipro Limited (NYSE:WIT), a leading global information technology, consulting and business process services company announced that it has been cited as a ‘Leader’ and ‘Star Performer’ by Everest Group, a global independent consulting and research firm, in its recently released report ‘IT Outsourcing in Global Capital Markets – Service Provider Landscape with PEAK Matrix™ Assessment 2015’.
The study analyzed the capabilities of over 30 leading Applications Outsourcing service providers, specific to the global capital markets sector who were mapped on Everest Group’s Performance, Experience, Ability, Knowledge (PEAK) Matrix.
Roop Singh, SVP & Global Head, Securities & Capital Markets, Wipro Limited said, “This recognition is a reflection of the level of partnership with our clients in the capital markets space. We continue with our approach of being ‘simple, predictable and consistent’ towards investments in technologies, platforms and innovative value propositions that help our clients enhance revenue, reduce cost and manage their risk better.”
“Globally, capital markets firms are focusing on containing costs and improving profitability, while dealing with high regulatory pressures, intense competition, and an uncertain economy. IT service providers are having to adapt their offerings to this evolving demand environment and invest in digital technologies, utility-based models, proprietary regulatory solutions, and co-innovation with clients,” said Jimit Arora, Vice President, Everest Group. “Investments in enhancing domain-centric solutions, transformational delivery capabilities, a challenger proposition, and solid account management enabled Wipro to deliver top quartile performance and achieve Star Performer status and enter the Leaders category on the 2015 Everest Group Capital Markets AO PEAK Matrix™.”
In the report, Everest Group recognized Wipro’s Securities & Capital Markets business for showing strong forward year-on-year movement on the PEAK Matrix in terms of delivery capability, innovation and market success.