Wipro share rally over 3% on US contract win
[hfe_template id='11223']
[ad_1]
Shares of IT major Wipro surged 3.5% on BSE today as the company announced a $500 million deal win with a leading US communication service provider. “Wipro has been awarded a $500 million deal by a leading US communication service provider. The company shall provide managed services for some products and industry specific solutions,” a filing to the exchanges said. On May 31, the company had also announced the expansion of retail-focused capabilities within Wipro VisionEDGE+, which was developed in partnership with Cisco and AT&T, and leveraging Amazon Web Services (AWS). Also read: $9.2 trillion m-cap of Nvidia, Microsoft and Apple now bigger than China's stock market In its fourth quarter results for FY24, Wipro had reported large deal bookings at $4.6 billion for the entire financial year, which was a year-on-year (YoY) increase of 17.4%. “A leading US-based telecom wireless operator has selected Wipro as a strategic partner to...