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Wipro Partners with FrieslandCampina for Five-Year Digital Transformation

Synopsis:

Wipro partners with FrieslandCampina for a five-and-a-half-year IT deal focused on digital transformation and innovation. Wipro share price dipped 3.75%, closing at ₹308.05.

Wipro news today

Wipro, a leading global IT services provider, has secured a significant partnership with FrieslandCampina, one of the world's largest dairy companies. This strategic collaboration spans five-and-a-half years and is poised to drive FrieslandCampina’s digital transformation while improving operational efficiency and fostering innovation.

Also read: FIIs Sell ₹5,015 Crore as DIIs Buy ₹6,642 Crore in Equities

WIPRO LTD

Trade

311.05-1.40 (-0.44 %)

Updated - 30 January 2025
313.70day high
DAY HIGH
308.45day low
DAY LOW
1434569
VOLUME (BSE)

Key Takeaways

  • Duration: 5.5 years of strategic IT partnership.

  • Focus Areas: Core IT services, cybersecurity, infrastructure management, and enterprise applications.

  • Objective: Enhance operational excellence, end-user experience, and business continuity.

  • Impact: Wipro share price dropped by 3.75% on BSE, closing at ₹308.05.

Also read: JSW Group Ventures into Copper Mining with ₹2,600-Crore Investment

Wipro’s Role in the Partnership

The IT giant will oversee FrieslandCampina's core IT operations and offer a range of services, including infrastructure and cybersecurity management, enterprise application support, and end-to-end service management. This extensive engagement will also introduce transformative digital programmes, strengthening HR services and ensuring seamless employee experiences.

The deal reflects FrieslandCampina’s commitment to leveraging advanced technology for long-term growth and sustainability. By aligning IT strategies with its strategic ambitions, the dairy company is set to achieve greater profitability and innovation.

Overview of the Collaboration

Aspect

Details

Partner

Wipro Ltd

Client

FrieslandCampina

Engagement Duration

5.5 years

Focus Areas

IT services, cybersecurity, HR, apps

Wipro Share Price Impact

Dropped 3.75% to ₹308.05

The Impact on Wipro Share Price

Despite the strategic win, Wipro share price saw a decline of ₹12.00 (3.75%) on the BSE on Monday, closing at ₹308.05. This drop may reflect short-term market reactions, even as the long-term prospects of this deal offer potential for revenue growth and stronger client portfolios.

This partnership highlights Wipro’s growing influence in the global IT services market. By supporting FrieslandCampina’s strategic goals, Wipro reinforces its role as a trusted partner for digital innovation and transformation. As the collaboration unfolds, both organisations are expected to see enhanced operational and financial outcomes.

Also read: Tata Power Arm Bags ₹455-Crore Deal for 300 MWp Solar Modules

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Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.

This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.

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