Wipro gains on entering into global alliance partnership with Chesapeake

Wipro gains on entering into global alliance partnership with Chesapeake

Sep 16,2014   09:57 Hrs IST

Wipro is currently trading at Rs 574.75, up by 6.95 points or 1.22% from its previous closing of Rs. 567.80 on the BSE. The scrip opened at Rs. 568.60 and has touched a high and low of Rs. 574.85 and Rs. 568.60 respectively. So far 21418 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 610.50 on 26-Feb-2014 and a 52 week low of Rs. 447.00 on 16-Sep-2013. Last one week high and low of the scrip stood at Rs. 594.00 and Rs. 563.10 respectively. The current market cap of the company is Rs. 140113.65 crore. The promoters holding in the company stood at 73.44 % while Institutions and Non-Institutions held 13.36 % and 11.26 % respectively. Wipro, a leading global information technology, consulting and business process services company and Chesapeake System Solutions Inc. (Chesapeake), a premier provider of financial software solutions, have entered into a global alliance partnership. The company will offer Chesapeake’s suite of financial software solutions that encompass Reconciliation Management and Balance Sheet Integrity (T-Recs Enterprise), Treasury & Cash Management and Bank Payment Management (SmartTreasury and SmartAnalysis) as both a cloud-based ASP service and as an in-house licenced software platform. These solutions will enable the finance controller organization to reduce the manual efforts involved in Balance Sheet Reconciliations substantially, thereby bringing efficiency and reduction in cost to the finance function. Wipro is a leading provider of analytics and information management solutions - enabling customers to derive actionable business insights from data to drive growth, enhance cost management and strengthen risk management.