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Wipro gains on collaborating with IBM to help clients accelerate their cloud journeys

  • bitnet infotech
  • June 8, 2020
  • 5:27 am

Wipro is currently trading at Rs. 222.30, up by 3.50 points or 1.60% from its previous closing of Rs. 218.80 on the BSE.

The scrip opened at Rs. 218.05 and has touched a high and low of Rs. 223.30 and Rs. 215.85 respectively. So far 230101 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 2 has touched a 52 week high of Rs. 301.55 on 14-Jun-2019 and a 52 week low of Rs. 159.60 on 19-Mar-2020.

Last one week high and low of the scrip stood at Rs. 223.30 and Rs. 210.20 respectively. The current market cap of the company is Rs. 125524.59 crore.

The promoters holding in the company stood at 74.04%, while Institutions and Non-Institutions held 15.47% and 8.04% respectively.
Wipro has entered into a collaboration with IBM to assist Wipro customers embark on a seamless and secure hybrid cloud journey. Through this alliance Wipro will develop hybrid cloud offerings to help businesses migrate, manage and transform mission-critical workloads and applications, with security across public or private cloud and on-premises IT environments. 
Wipro IBM Novus Lounge, located at Wipro’s Kodathi campus in Bengaluru is a dedicated innovation center. It will offer a comprehensive suite of solutions leveraging Cloud, Artificial Intelligence, Machine Learning and Internet of Things capabilities to foster innovation for enterprises, developers and start-ups. Customers will have remote access to IBM and Red Hat solutions, designed to help them scale their technology investments for improved experience and business agility with connected insights. Additionally, Wipro will leverage IBM Cloud offerings and technologies alongside in-house services to develop industry solutions for clients in Banking and Financial Services, Energy and Utilities, Retail, Manufacturing and Healthcare space.
Wipro is a leading global information technology, consulting and business process services company.

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