Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  NATIONAL STOCK EXCHANGE OF INDIA  >  Wipro Limited    WIPRO   INE075A01022

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets 

Wipro Limited : Wipro 'StORM' Tools Methodology Awarded Patent by USPTO

share with twitter share with LinkedIn share with facebook
share via e-mail
0
01/30/2012 | 11:46am CEST

Wipro 'StORM' Tools Methodology Awarded Patent by USPTO

Monday, January 30, 2012

Potentially Enables Reduction of Software Test Suite by at least 30%

Wipro Technologies, the Global Information Technology, Consulting and Outsourcing business of Wipro Limited (NYSE: WIT) today announced that it has been granted a patent by USPTO (United States Patent and Trademark Office) for its StORM(Statistics Operations Research Matrix) methodology. Wipro 'StORM' is a system and method for software test suite optimization, achieved by generating an Orthogonal Array(OA) for software testing using the mathematical principles for OA.

This method results in reducing the number of test cases many fold downwards and at the same time increases the effectiveness of the testing process, thus reducing the testing cycle and effort required. Wipro has reduced test cases by 75% from the original suite for a large telecom equipment vendor. The resulting efficiency has implied increased coverage and reduced effort and cycle time.

IDC forecasts a five year CAGR of 19% for discrete global testing services, reaching an estimated $17.7 billion by 2013 and Wipro being one of the largest Independent Testing Services providers, aims for a bigger share of this pie.

According to Rona Shuchat, Program Director for Application Outsourcing Services, IDC, "With the breadth and depth of its solution focus, innovation for go-to-market, and globally distributed practice for key emerging areas, Wipro ranks in the leadership quadrant in both the enterprise application testing views and in the product engineering testing services assessment."*

Arun Kumar Singh, Vice President,- Wipro Testing Services elaborates, "We are happy that Wipro's StORM methodology has received this recognition. It was also awarded the Software Testing Best Practice award by IIST (International Institute of Software Testing), USA, and clearly showcases Wipro's strategy of imbibing innovation in our processes, delivery and pricing models to enable our customers do business better."

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 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 131,000 employees and clients across 54 countries. For more information, please visit www.wipro.com

Contacts:

India:

Dirk Lewis
Wipro Technologies
+91- 7760983976
dirk.lewis@wipro.com

US:

Eric Belove
Wipro Technologies
+1 732 216 6242
eric.belove@wipro.com

UK:

Rahul Kadavakolu
Wipro Technologies
+44 7920205496
rahul.kadavakolu@wipro.com

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.
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on WIPRO LIMITED
04:37p WIPRO : Locals Now Form over 50% of Wipro’s Workforce in the U.S.
04:30p WIPRO : Locals now form over 50% of Wipro’s workforce in the U.S.
12:42p Accenture raises the stakes with$1.8 billion acquisition plan
09:05a Indian ADRs closed lower on June 27
06/26 RED HAT : Wipro Collaborates with Red Hat for Cloud Application Factory powered ..
06/24 INDIAN ADR SETTLES ON A MIXED NOTE : Tata Motors dips
06/24 INDIAN ADRS : Infosys, ICICI Bank, Dr Reddy`s Labs gain: Tata Motors slips
06/24 WIPRO : & Red Hat team up, aim to modernize cloud applications
06/24 WIPRO : Collaborates with Red Hat for Cloud Application Factory
06/23 WIPRO : Nasscom forecasts single-digit growth for IT sector at 7-8% in FY18
More news
Sector news : IT Services & Consulting - NEC
06/27 Banks' blockchain consortium picks IBM for trade finance platform
06/26 Apple, Cisco team up to push for cyber security insurance discounts
06/26 EU court seen ruling on Intel antitrust case next year - judge
06/23DJINFOSYS : Settles Visa Case With New York
06/15 Messaging startup Slack said to draw interest from Amazon - Bloomberg
More sector news : IT Services & Consulting - NEC
News from SeekingAlpha
06/12 Wipro clarifies ADR ex-date after premarket plunge, halt
06/12 Wipro shares down 48% amidst growth concerns, downgrades
05/18 Should WannaCry Make You WannaBuy These Cyber Stocks?
04/25 Wipro;s (WIT) CEO Abidali Neemuchwala on Q4 2017 Results - Earnings Call Tran..
04/25 Wipro beats by $0.01, beats on revenue
Advertisement
Financials ( INR)
Sales 2018 562 421 M
EBIT 2018 92 223 M
Net income 2018 86 435 M
Finance 2018 233 173 M
Yield 2018 2,44%
P/E ratio 2018 14,43
P/E ratio 2019 13,25
EV / Sales 2018 1,79x
EV / Sales 2019 1,62x
Capitalization 1 241 366 M
More Financials
Chart WIPRO LIMITED
Duration : Period :
Wipro Limited Technical Analysis Chart | WIPRO | INE075A01022 | 4-Traders
Full-screen chart
Technical analysis trends WIPRO LIMITED
Short TermMid-TermLong Term
TrendsBearishNeutralBullish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 47
Average target price 242  INR
Spread / Average Target -5,6%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Abidali Z. Neemuchwala Chief Executive Officer & Executive Director
B. M. Bhanumurthy President & Chief Operating Officer
Jatin Pravinchandra Dalal Chief Financial Officer
K. R. Sanjiv Chief Technology Officer
Raja Ukil Chief Information Officer & Senior Vice president
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
WIPRO LIMITED8.24%19 239
ACCENTURE4.32%78 783
TATA CONSULTANCY SERVI..-0.29%69 507
AUTOMATIC DATA PROCESS..-1.25%45 412
NETEASE48.90%40 945
COGNIZANT TECHNOLOGY S..18.74%39 186
More Results