Hanesbrands Inc. Strengthens Wipro Partnership to Accelerate Digital Transformation
June 14 2024 - 1:34PM
Business Wire
Wipro to provide a range of services including
AI, cloud, data and analytics, application management,
cybersecurity, and consulting
Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading
technology services and consulting company, has been chosen by
Hanesbrands Inc. (NYSE: HBI), a global leader in iconic apparel
brands, to further drive its digital transformation, business
growth, and enhance long term profitability.
Wipro has been a strategic partner for Hanesbrands over the
years, working on several business and technology transformation
programs. This deal extends the partnership to leverage Wipro’s
capabilities in application management, cybersecurity, intelligent
automation, and artificial intelligence (AI).
As part of the deal, Wipro is responsible for defining the
client’s cloud roadmap and supporting the integration of business
functions to help Hanesbrands optimize operations. Wipro will also
bring in next-gen tools and services to improve the client’s
product lifecycle processes and deliver faster time-to-market.
Subra Goparaju, SVP and Chief Information Officer,
Hanesbrands Inc. said, “Globally, we are incredibly focused on
becoming a digital and data driven enterprise to drive growth and
long-term profitability among our iconic brands in the Hanesbrands’
portfolio. Transforming our systems with the latest technology
ensures we’re meeting the needs of our customers and consumers
around the world. Wipro’s deep understanding of our business and
industry, as well as its experience in complex tech
transformations, will help us realize our goals and deliver better
value to our customers.”
Srini Rajamani, SVP and Head – Consumer & Life Sciences,
Wipro Limited said, “Our expertise in delivering similar
transformation programs for the consumer industry in the areas of
SAP Business Technology Platform and Security Operations, combined
with our deep domain experience in the apparel industry in
particular, will help Hanesbrands drive innovation and long-term
profitability. We look forward to deepening our strong relationship
by scaling with agility to include new offerings and technologies
that will help Hanesbrands adapt to an evolving business
landscape.”
Note: The deal was mentioned in Wipro Limited's financial
results announcement press release, dated October 18, 2023, for the
quarter-ended September 30, 2023, with a description of
Hanesbrands, but without naming the company.
About Wipro Limited
Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO) is a leading
technology services and consulting company focused on building
innovative solutions that address clients’ most complex digital
transformation needs. Leveraging our holistic portfolio of
capabilities in consulting, design, engineering, and operations, we
help clients realize their boldest ambitions and build
future-ready, sustainable businesses. With over 230,000 employees
and business partners across 65 countries, we deliver on the
promise of helping our customers, colleagues, and communities
thrive in an ever-changing world. For additional information, visit
us at www.wipro.com.
Forward-Looking Statements
The forward-looking statements contained herein represent
Wipro’s beliefs regarding future events, many of which are by their
nature, inherently uncertain and outside Wipro’s control. Such
statements include, but are not limited to, statements regarding
Wipro’s growth prospects, its future financial operating results,
and its plans, expectations and intentions. Wipro cautions readers
that the forward-looking statements contained herein are subject to
risks and uncertainties that could cause actual results to differ
materially from the results anticipated by such statements. Such
risks and uncertainties include, but are not limited to, risks and
uncertainties regarding fluctuations in our earnings, revenue and
profits, our ability to generate and manage growth, complete
proposed corporate actions, intense competition in IT services, our
ability to maintain our cost advantage, wage increases in India,
our ability to attract and retain highly skilled professionals,
time and cost overruns on fixed-price, fixed-time frame contracts,
client concentration, restrictions on immigration, our ability to
manage our international operations, reduced demand for technology
in our key focus areas, disruptions in telecommunication networks,
our ability to successfully complete and integrate potential
acquisitions, liability for damages on our service contracts, the
success of the companies in which we make strategic investments,
withdrawal of fiscal governmental incentives, political
instability, war, legal restrictions on raising capital or
acquiring companies outside India, unauthorized use of our
intellectual property and general economic conditions affecting our
business and industry.
Additional risks that could affect our future operating results
are more fully described in our filings with the United States
Securities and Exchange Commission, including, but not limited to,
Annual Reports on Form 20-F. These filings are available at
www.sec.gov. We may, from time to time, make additional written and
oral forward-looking statements, including statements contained in
the company’s filings with the Securities and Exchange Commission
and our reports to shareholders. We do not undertake to update any
forward-looking statement that may be made from time to time by us
or on our behalf.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240613278952/en/
Wipro Media Relations media-relations@wipro.com
Wipro (NYSE:WIT)
Historical Stock Chart
From Aug 2024 to Sep 2024
Wipro (NYSE:WIT)
Historical Stock Chart
From Sep 2023 to Sep 2024