Wipro Secures Contract to enhance MAHLE's IT Infrastructure with Hybrid Cloud Solutions

Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading technology services and consulting company, announced that is has been selected by MAHLE, a global automotive supplier, to transform their IT infrastructure with an innovative hybrid cloud solution.

MAHLE's ambition was to provide a high quality and innovative service, allowing their internal customers to focus on their core business thereby enabling sustainable growth.

As part of this multi-year project, Wipro will migrate MAHLE's two core data centres into Wipro FullStride Cloud's hybrid cloud solutions. This will enable MAHLE's IT ecosystem to support business agility, standardize and digitize their IT ecosystem while meeting all regulatory requirements.

This enhanced business flexibility will allow MAHLE to adjust their data and computing capacity consumption based on market conditions, significantly reducing their IT costs.

Jo Debecker, Managing Partner and Global Head Wipro FullStride Cloud said, "This engagement is a testament to Wipro FullStride Cloud's unmatched expertise in providing bespoke cloud services to boost our client's business agility, compliance, and growth. We are especially delighted with this strategic engagement to help MAHLE realize their ambitions as their business ethos and ethical values are very similar to Wipro's, making this an ideal project for both parties."

"The strategic partnership with Wipro is an important step to improve our IT infrastructure, but also provides us with the agility and scalability to meet the changing needs of our business and the automotive industry," said Markus Bentele, MAHLE Vice President Information Technology. "The hybrid cloud solution will enable us to better support our customers and adapt quickly to market changes."

MAHLE provides products, services and systems for both passenger car and commercial vehicle sectors. Founded in 1920, the technology group is working on the climate-neutral mobility of tomorrow, with a focus on the strategic areas of electrification and thermal management as well as further technologies to reduce CO2 emissions, such as fuel cells or highly efficient, clean combustion engines that also run on renewable fuels, such as hydrogen.

Note: The deal was mentioned in Wipro Limited's financial results announcement press release, dated April 19th, 2024, for the quarter-ended March 31st, 2024, with a description of Mahle, but without naming the company.

Shares of Wipro Limited was last trading in BSE at Rs. 522.05 as compared to the previous close of Rs. 521.50. The total number of shares traded during the day was 223317 in over 7964 trades.

The stock hit an intraday high of Rs. 525.00 and intraday low of 519.50. The net turnover during the day was Rs. 116551083.00.

Source : Equity Bulls

Keywords

Wipro INE075A01022 WIT MAHLE