August 4, 2017
Award Recognizes Indian IT Firm’s Impact on the Lone Star State
Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading global information technology, consulting and business process services company was recognized with the “Elevate Texas” award by the Texas Economic Development Corporation, the organization that markets the state as one of the world’s top locations for business.
The statewide award recognizes communities, organizations and companies that are making a tremendous contribution to Texas’ economy, whether through jobs and investment, infrastructure and workforce development or other initiatives, which help to drive growth in the Lone Star State.
“Wipro is truly a global leader in the IT services industry and a major force in economic development in the State of Texas,” said Sanjiv Yajnik, Chairman of the Board of Texas Economic Development Corporation and President of Financial Services at Capital One. “Azim Premji, Chairman of Wipro Limited, and Abid Neemuchwala, CEO of Wipro Limited, have been active supporters of Texas. We are grateful for their partnership with the Texas Economic Development Corporation and their commitment to growing in our state.”
Yajnik, together with Robert Allen, President and CEO of Texas Economic Development Corporation, applauded Wipro for its investment in Texas, particularly when it comes to the future of Texas’ workforce. In March 2017, the company expanded the Wipro Science Education Fellowship (SEF) program to Texas, in collaboration with the University of North Texas at Dallas. Through the SEF program, Wipro has pledged $1.1 million to train K-12 educators for excellence in STEM disciplines, to help enhance student learning in Greater Dallas-Fort Worth area public schools.
In addition to working with educators, Wipro is collaborating with First Book, a nationwide non-profit organization with the goal to supply books to low-income schools and underprivileged students across the country. Recently, the company held a joint event with First Book where Wipro volunteers collected over 43,000 books for Dallas area schools and children.
The company, which currently employs 1,200 in Texas, with major operations in Dallas and Houston, plans to inaugurate a new 35,500 sq. ft. advanced technology center in Plano in September. As part of its effort to attract and recruit leading next generation talent, Wipro has forged strong and lasting relationships with local universities. Wipro recruits students from The University of Texas at Austin (UT Austin), University of Texas at Dallas (UT Dallas), University of Houston, Rice University, University of North Texas (UNT) and other colleges for its delivery center in Dallas. Wipro has already recruited nearly 100 recent graduates from Texas academic institutions in 2017, with additional campus hiring planned throughout August.
“I am honored to accept the Elevate Texas award,” said Abidali Z. Neemuchwala, Chief Executive Officer and Executive Director, Wipro Limited. “As a company with a significant presence in Texas and deep relationship with the local community, we applaud the Lone Star State’s support of the technology sector and its commitment to improving STEM education. Wipro is proud to do business in Texas and contribute to the state’s economic growth. We are committed to fostering knowledge and skills in the fields of science and technology to create a better future for all.”
During the past decade, Wipro has invested over USD 2 billion in the United States. Wipro has over 40 facilities across 23 states in the U.S. The company has been focused on creating jobs in the U.S. underscoring its strategy to build a deep reservoir of local talent based out of centers close to its clients. Wipro employs over 14,000 in the U.S., a majority of whom are U.S. locals.
About Texas Economic Development Corporation
Texas Economic Development Corporation is an independently funded and operated 501(c) (3) nonprofit organization, whose mission is dedicated to economic development, business recruitment and job creation in the State of Texas. The public-private partnership coordinates efforts with the Office of the Governor to market Texas globally as a premier business destination. For more information about Texas Economic Development Corporation, visit www.texaswideopenforbusiness.com.
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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