In a notable development, leading IT company Wipro has secured a substantial $500 million deal with a prominent US communication service provider. The agreement, spanning five years, entails Wipro providing managed services and industry-tailored solutions to the US-based firm. Despite the significant nature of the deal, Wipro has opted to keep the identity of the US company confidential. Wipro’s financial performance has remained positive, with its shares experiencing a 2% growth to close at Rs 461.6 apiece on Thursday. This development comes shortly after the majority of Wipro’s public shareholders voted against a $4.33 million cash severance package for former CEO Thierry Delaporte, who tendered his resignation in April. In a separate move, Adani Ports and Special Economic Zone (SEZ) is expected to be included in the benchmark Sensex index on June 24, potentially replacing Wipro upon the Bombay Stock Exchange’s (BSE) rejig.
Wipro Secures $500 Million Deal with US Communication Service Provider
