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

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

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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



Dirk Lewis
Wipro Technologies
+91- 7760983976


Eric Belove
Wipro Technologies
+1 732 216 6242


Rahul Kadavakolu
Wipro Technologies
+44 7920205496

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.
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Financials ( INR)
Sales 2017 554 824 M
EBIT 2017 93 576 M
Net income 2017 88 812 M
Finance 2017 160 013 M
Yield 2017 2,46%
P/E ratio 2017 13,47
P/E ratio 2018 12,38
EV / Sales 2017 1,92x
EV / Sales 2018 1,68x
Capitalization 1 224 035 M
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Mean consensus HOLD
Number of Analysts 47
Average target price 545  INR
Spread / Average Target 10%
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Abidali Z. Neemuchwala Chief Executive Officer & Executive Director
B. M. Bhanumurthy President & Chief Operating Officer
Azim Hasham Premji Chairman
Jatin Pravinchandra Dalal Chief Financial Officer
K. R. Sanjiv Chief Technology Officer
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