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Stock Report
Nokia Extends Strategic Partnership with Wipro to Drive Digital Transformation and Efficiencies in Global Business Services
Posted On : 2022-07-26 18:27:32( TIMEZONE : IST )
Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading global technology services and consulting company, have announced a new five-year strategic engagement with Nokia, the world's leading multinational, networking, telecommunications and consumer electronics company. The new agreement builds on a partnership originally established over 20 years ago and is a testament to the strength of the relationship.
Wipro will deliver global business services in support of Nokia's renewed operating model, focusing on process optimization, touchless processing and enhanced user and customer experience across order management supply chain, finance, and accounting operations. For Nokia, this represents a major step towards digitalization of its operations by leveraging Wipro's unique transformation and innovation capabilities.
"We have selected Wipro as our long-term partner to support Nokia GBS' service delivery transformation over the next five years. This marks a significant milestone in our journey aimed at delivering tangible benefits to Nokia Business Groups through a unified service desk, seamless service integration, improved transparency and performance of GBS," said Rod Lindsay, Vice President, Global Business Services, Nokia.
"We have a truly strategic partnership with Nokia, built over 20 years, based on our shared values. We now have a shared purpose: to drive impactful and quantified business outcomes enabled through technology, automation, and process digitization. Our goal is to enable Nokia to win in the 5G world and beyond," said Vinay Firake, Senior Vice President & Managing Director - Nordics, Wipro Ltd.
Shares of Wipro Limited was last trading in BSE at Rs. 405.20 as compared to the previous close of Rs. 414.65. The total number of shares traded during the day was 221335 in over 7106 trades.
The stock hit an intraday high of Rs. 415.50 and intraday low of 404.35. The net turnover during the day was Rs. 90254099.00.
