Wipro invests USD 1- billion to expand Cloud transformation capability

Jul 20 2021 05:05 PM
Wipro invests USD 1- billion to expand Cloud transformation capability

IT major Wipro on Tuesday announced the launch of Wipro FullStride Cloud Services and its commitment to invest USD one billion in cloud technologies, capabilities, acquisitions and partnerships over the next three years.

As per Wipro, its  Full Stride Cloud Services brings together the full portfolio of the company’s cloud-related capabilities, offerings and talent to better orchestrate the cloud journey for clients.  The Company believes ''This commitment builds on Wipros existing and extensive cloud business with clients and significantly expands the investment with its partners and hyperscalers, creating industry solutions that accelerate results for mutual clients.''

The IT major said it has seen consistent growth in its cloud business and today employs over 79,000 cloud professionals and more than 10,000 people certified by leading cloud service providers. Over the past 12 months, it has announced significant cloud-related wins with Telefnica Germany / O2, Verifone, and E.ON in addition to METRO AG, one of the largest deals in Wipros history.

Shares of Wipro on Tuesday closed at Rs567.05   down by Rs. 6.75 from its previous closing price of Rs. 573.80 on the National Stock  Exchange.


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