Forward-looking and Cautionary StatementsCertain 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.
Wipro Technologies, the Global Information Technology, Consulting and Outsourcing business of Wipro Ltd. (NYSE:WIT), today announced that it has been appraised at Capability Maturity Model Integration CMMI-DEV 1.3 Level 5. This assessment validates Wipro’s process capability based on the CMMI standards that measure process improvements. An assessment at maturity Level 5 indicates that the organization is performing at an “optimizing” level. At this level, an organization continually improves its processes based on a quantitative understanding of its business objectives and performance needs. The organization uses a quantitative approach to understand the variation inherent in the process and the causes of process outcomes. At Wipro, we have leveraged CMMI Level 5 processes to achieve improved customer satisfaction, thereby enabling growth and profitability. Acknowledging the recognition, Bhanumurthy BM, Chief Business Operations Officer, Wipro, said, “This achievement demonstrates strong alignment of our quality processes with business objectives, leading to enhanced customer experiences. We are sure this CMMI journey will further strengthen our integrated toolsets to improve business outcomes for Wipro and our customers.” Devender Malhotra, Chief Quality Officer, Wipro Technologies, said, “Through this achievement, Wipro demonstrates the deep rooted quality culture within the organization that makes a difference to our customers. CMMI high maturity processes have enabled us to predict project outcomes that are in sync with our business objectives.” About Wipro Technologies Wipro Technologies, the global IT business of Wipro Limited (NYSE:WIT), is a leading Information Technology, Consulting and Outsourcing company, that delivers solutions to enable its clients to do business better. Wipro Technologies delivers winning business outcomes through its deep industry experience and a 360 degree view of "Business through Technology" – helping clients create successful and adaptive businesses. A company recognized globally for its comprehensive portfolio of services, a practitioner's approach to delivering innovation and an organization wide commitment to sustainability, Wipro Technologies has over 140,000 employees and clients across 54 countries. For more information, please visit www.wipro.com. About CMMI Institute CMMI is the result of more than 20 years of ongoing work at Carnegie Mellon University by members of industry, government, and the Software Engineering Institute. Powered by Carnegie Mellon, the CMMI Institute is working to build upon CMMI’s success, advance the state of the practice, accelerate the development and adoption of best practices, and provide solutions to the emerging needs of businesses around the world.