BAJAJ BROKING
Wipro partners with FrieslandCampina for a five-and-a-half-year IT deal focused on digital transformation and innovation. Wipro share price dipped 3.75%, closing at ₹308.05.
Wipro, a leading global IT services provider, has secured a significant partnership with FrieslandCampina, one of the world's largest dairy companies. This strategic collaboration spans five-and-a-half years and is poised to drive FrieslandCampina’s digital transformation while improving operational efficiency and fostering innovation.
Also read: FIIs Sell ₹5,015 Crore as DIIs Buy ₹6,642 Crore in Equities
Duration: 5.5 years of strategic IT partnership.
Focus Areas: Core IT services, cybersecurity, infrastructure management, and enterprise applications.
Objective: Enhance operational excellence, end-user experience, and business continuity.
Impact: Wipro share price dropped by 3.75% on BSE, closing at ₹308.05.
Also read: JSW Group Ventures into Copper Mining with ₹2,600-Crore Investment
The IT giant will oversee FrieslandCampina's core IT operations and offer a range of services, including infrastructure and cybersecurity management, enterprise application support, and end-to-end service management. This extensive engagement will also introduce transformative digital programmes, strengthening HR services and ensuring seamless employee experiences.
The deal reflects FrieslandCampina’s commitment to leveraging advanced technology for long-term growth and sustainability. By aligning IT strategies with its strategic ambitions, the dairy company is set to achieve greater profitability and innovation.
Aspect | Details |
Partner | Wipro Ltd |
Client | FrieslandCampina |
Engagement Duration | 5.5 years |
Focus Areas | IT services, cybersecurity, HR, apps |
Wipro Share Price Impact | Dropped 3.75% to ₹308.05 |
Despite the strategic win, Wipro share price saw a decline of ₹12.00 (3.75%) on the BSE on Monday, closing at ₹308.05. This drop may reflect short-term market reactions, even as the long-term prospects of this deal offer potential for revenue growth and stronger client portfolios.
This partnership highlights Wipro’s growing influence in the global IT services market. By supporting FrieslandCampina’s strategic goals, Wipro reinforces its role as a trusted partner for digital innovation and transformation. As the collaboration unfolds, both organisations are expected to see enhanced operational and financial outcomes.
Also read: Tata Power Arm Bags ₹455-Crore Deal for 300 MWp Solar Modules
Do you have a trading account app or demat account app?
You can open an account with Bajaj Broking in minutes.
Download the Bajaj Broking app now from Play Store or App Store.
Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.
This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.
For All Disclaimers Click Here: https://bit.ly/3Tcsfuc
Share this article:
Disclaimer :
The information on this website is provided on "AS IS" basis. Bajaj Broking (BFSL) does not warrant the accuracy of the information given herein, either expressly or impliedly, for any particular purpose and expressly disclaims any warranties of merchantability or suitability for any particular purpose. While BFSL strives to ensure accuracy, it does not guarantee the completeness, reliability, or timeliness of the information. Users are advised to independently verify details and stay updated with any changes.
The information provided on this website is for general informational purposes only and is subject to change without prior notice. BFSL shall not be responsible for any consequences arising from reliance on the information provided herein and shall not be held responsible for all or any actions that may subsequently result in any loss, damage and or liability. Interest rates, fees, and charges etc., are revised from time to time, for the latest details please refer to our Pricing page.
Neither the information, nor any opinion contained in this website constitutes a solicitation or offer by BFSL or its affiliates to buy or sell any securities, futures, options or other financial instruments or provide any investment advice or service.
BFSL is acting as distributor for non-broking products/ services such as IPO, Mutual Fund, Insurance, PMS, and NPS. These are not Exchange Traded Products. For more details on risk factors, terms and conditions please read the sales brochure carefully before investing.
Investments in the securities market are subject to market risk, read all related documents carefully before investing. This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.
For more disclaimer, check here : https://www.bajajbroking.in/disclaimer
Level up your stock market experience: Download the Bajaj Broking App for effortless investing and trading