05-05-2022 11:29 AM | Source: Accord Fintech
Wipro rises on expanding collaboration with VMware
News By Tags | #409 #572 #6629 #308

Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel

https://t.me/InvestmentGuruIndiacom

Download Telegram App before Joining the Channel

Wipro is currently trading at Rs. 498.90, up by 7.05 points or 1.43% from its previous closing of Rs. 491.85 on the BSE.

The scrip opened at Rs. 501.40 and has touched a high and low of Rs. 501.40 and Rs. 495.80 respectively. So far 165496 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 739.80 on 14-Oct-2021 and a 52 week low of Rs. 484.65 on 05-May-2021.

Last one week high and low of the scrip stood at Rs. 530.00 and Rs. 489.30 respectively. The current market cap of the company is Rs. 273533.11 crore.

The promoters holding in the company stood at 73.00%, while Institutions and Non-Institutions held 11.36% and 13.18% respectively.

Wipro and VMware Inc. have expanded collaboration that will enable customers to achieve the cloud freedom they desire with the enterprise control they require as they execute their digital strategies. The companies are bringing together the power of VMware Cross-Cloud services with industry-leading Wipro FullStride Cloud Services to help global enterprises accelerate app modernization and reduce the cost, complexity, and risk of moving to the cloud.

Multi-cloud architectures can accelerate service delivery and give lines of business and IT the flexibility to innovate using the best services from different cloud providers, without lock-in. Multi-cloud also comes with inherent complexity that can slow down application development, increase management costs, create networking and security blind spots, and produce sub-par user experiences.

VMware and Wipro are collaborating to help eliminate the complexity and risk inherent in customers’ multi-cloud initiatives. Wipro will offer a full portfolio of digital transformation services that includes VMware Cross-Cloud services across the Americas, Europe, Middle East, Africa, and Asia Pacific.

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