Wipro making a buzz

Wipro is making small waves today morning. From its close of Rs.564.25, it opened pretty firm at Rs.572.45 and is currently just about holding on to the green at Rs.564.25.

The company announced yesterday after market hours that it has secured a a five-year, strategic engagement to drive transformation for ABB’s Information Systems digital workplace services.

The agreement, worth over $150 million, will help ABB’s Information Systems deliver enhanced, consumer-grade digital experiences for its 105,000 employees in over 100 countries.

The new partnership between ABB and Wipro builds on an existing digital workplace transformation engagement, which has driven a significant increase in employee satisfaction at ABB.

The deal was mentioned in Wipro Limited's financial results announcement press release, dated October 13, 2021, for the quarter ended September 30, 2021 (Q2 FY21-22), without detailing the tenure and size of the deal.