Wipro gains on extending collaboration with VMware to accelerate digital journey, maximize VMware Cloud investments

Wipro is currently trading at Rs. 393.40, up by 1.95 points or 0.50% from its previous closing of Rs. 391.45 on the BSE.

The scrip opened at Rs. 393.00 and has touched a high and low of Rs. 394.00 and Rs. 392.05 respectively. So far 10051 shares were traded on the counter.

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The BSE group ‘A’ stock of face value Rs. 2 has touched a 52 week high of Rs. 726.70 on 03-Jan-2022 and a 52 week low of Rs. 372.40 on 17-Oct-2022.

Last one week high and low of the scrip stood at Rs. 394.85 and Rs. 385.60 respectively. The current market cap of the company is Rs. 214746.40 crore.

The promoters holding in the company stood at 72.95%, while Institutions and Non-Institutions held 16.84% and 10.21% respectively.

Wipro and VMware have extended collaboration to help mutual customers accelerate their digital journey and maximize their VMware Cloud investments.

As part of this expanded relationship, the company will launch a new dedicated VMware-focused business aligned to Wipro’s broader strategy of driving growth through strategic partnerships.

The unit will focus on the power of Wipro FullStride Cloud Services’ in-depth expertise across industries along with VMware Cross-Cloud services to help enterprises drive enhanced agility, speed, and innovation.

The goal will be to streamline VMware implementations and accelerate deployment of applications, leading to better, faster ROI.

Wipro’s new business unit will work with VMware on deepening the companies’ collaboration on deploying VMware solutions, including VMware Anywhere Workspace, which allows employees to work from anywhere with more secure and frictionless experiences.

All solutions will be implemented with an eye toward sustainability and reduced carbon footprint as a key business outcome.

Wipro is a leading global information technology, consulting and business process services company.

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