Bangalore, India and Muscat, Oman – September 01, 2014: Wipro Ltd. (NYSE:WIT), a leading global information technology, consulting and business process services company, today announced that it plans to expand its workforce in Muscat to meet increasing business requirements.
Wipro Gulf LLC, the entity established in 2011 in Oman to serve local clients, has been growing rapidly over the last 3 years, delivering critical projects across Oil & Gas, Aviation, Engineering, Banks and Government sectors within the Sultanate of Oman. The recent consulting and implementation projects done by Wipro for clients in these sectors have been well appreciated. Wipro Oman currently employs 70 professionals and has provided services to more than 25 clients across sectors. Buoyed by the rising demand for services, Wipro plans to double the headcount over the next 12 – 18 months.
Mukund Seetharaman, General Manager and Business Head – Gulf, Wipro Ltd. said, “In continuation of our long term business outlook for Oman, we are seeing a lot of interest from clients in the region for services around business enablement, simplification and analytics. We are committed to delivering world class solutions and building on our existing footprint to create new job opportunities in the local market.”
Forward-looking and Cautionary Statements
Certain statements in this release concerning our future growth prospects are forward-looking statements, which involve a number of risks, and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding fluctuations in our earnings, revenue and profits, our ability to generate and manage growth, 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. 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.