Wipro inches up on expanding partnership with Nutanix Inc to launch new Nutanix-focused business unit
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Wipro is currently trading at Rs. 512.10, up by 1.45 points or 0.28% from its previous closing of Rs. 510.65 on the BSE.
The scrip opened at Rs. 513.50 and has touched a high and low of Rs. 518.50 and Rs. 509.30 respectively. So far 39569 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 546.10 on 19-Feb-2024 and a 52 week low of Rs. 351.85 on 17-Apr-2023.
Last one week high and low of the scrip stood at Rs. 522.45 and Rs. 508.00 respectively. The current market cap of the company is Rs. 268044.34 crore.
The promoters holding in the company stood at 72.90%, while Institutions and Non-Institutions held 14.83% and 9.91% respectively.
Wipro has expanded its partnership with Nutanix Inc to launch new Nutanix-focused business unit. Together, they will help mutual clients accelerate their digital and hybrid multicloud journeys and maximize the value of their Nutanix Cloud investments.
The new business unit will combine the industry expertise of Wipro FullStride Cloud with Nutanix Cloud Platform to enhance joint solution engineering and expand go-to-market strategies. The engagement aims to enhance agility, speed, and innovation for enterprises and help them build more powerful, resilient, and agile cloud operating models. This commitment is aligned to Wipro’s broader strategy of driving growth through strategic partnership and a multi-year plan to jointly target this multi-billion-dollar market opportunity across cloud infrastructure, IT applications, edge, and AI computing.
Wipro and Nutanix are partnering to offer digital transformation services in various sectors, focusing on banking, healthcare, and consumer and retail. Wipro will utilize its pool of domain experts, including those gained through acquisitions like Capco and Designit. Wipro will be significantly scaling the technical competency in Nutanix solutions for multicloud infrastructure, hyperconverged platforms, database services, AI computing, and end-user computing, and will have cross-trained professionals for these areas over the next two years.
Wipro is a leading global information technology, consulting and business process services company.
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