Wipro Secures Multi-Million Dollar Contract with Etihad Airways for AI-Driven IT Modernization

Wipro bags five-year multi-million contract from Etihad Airways

As part of the five-year contract, Wipro FullStride Cloud will deliver a customised cloud-based solution that will provide Etihad Airways real-time insights into their resource utilisation and improve operational agility and scalability for their global operations, the company statement added. Wipro, India's fourth largest IT services major, has bagged a multi-million-dollar deal for a five-year tenure from Etihad Airways, the national airline of the United Arab Emirates (UAE), to lead its technology modernisation, the company announced on Thursday. The financial details of the deal remained undisclosed. "Wipro will ensure seamless migration of legacy systems and improve operational efficiency across key areas, including workplace, network, infrastructure, and service management," Wipro said in a statement. As part of the five-year contract, Wipro FullStride Cloud will deliver a customised cloud-based solution that will provide Etihad Airways real-time insights into their resource utilisation and improve operational agility and scalability for their global operations, it added. The deal is part of the third quarter deal bookings, the company highlighted. "We are excited to embark on this journey with Etihad Airways and enable them to adapt to the dynamic needs of the aviation industry. Through our proven expertise in digital transformation and AI-powered solutions, we will deliver seamless, efficient and innovative services to their customers," said Vinay Firake, CEO - Asia Pacific, Middle East and Africa (APMEA), Wipro. Additionally, Etihad Airways will gain access to Wipro's Innovation Lab in the UAE for its technology offerings. Wipro's will leverage its generative artificial intelligence (GenAI) modules to provide intelligent device management and insights that will optimize performance and resolve potential disruptions proactively. "We look forward to working with Wipro to prepare for the AI era, with an emphasis on innovation, sustainability, and cost optimization. Together, we aim to elevate our customers' experiences through advanced automation, intelligent operations, and enhanced observability," said Frank Meyer, chief digital officer, Etihad Airways. For the third quarter ending December 2024, total deal bookings declined sequentially by 1.3% to stand at $3.5 billion. Large deal bookings stood at $0.96 billion. Recently, Wipro posted a 24.5% rise year-on-year in consolidated net profit for the quarter for the October to December period at Rs 3,353.8 crore, which sequentially grew by 4.5%. During the same period, consolidated revenue rose 0.5% and weaker by 0.1% on a quarter-on-quarter basis to Rs 22,318.8 crore.

Wipro Wins Multi-Million-Dollar Deal by Etihad Airways for IT Transformation and Cost Optimization

Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading technology services and consulting company, today announced that it has been selected by Etihad Airways, the national airline of the United Arab Emirates, to lead its comprehensive technology modernization. Wipro will ensure seamless migration of legacy systems and improve operational efficiency across key areas, including workplace, network, infrastructure, and service management. As part of the five-year contract, Wipro FullStride Cloud will deliver a customized cloud-based solution that will provide Etihad Airways real-time insights into their resource utilization and improve operational agility and scalability for their global operations. Wipro will also integrate Generative Artificial Intelligence (GenAI) modules across the IT framework - from automation of data centers to conversational support to end-users. GenAI will also provide intelligent device management and insights that will optimize performance and resolve potential disruptions proactively. Frank Meyer, Chief Digital Officer, Etihad Airways, said, "We look forward to working with Wipro to prepare for the AI era, with an emphasis on innovation, sustainability, and cost optimization. Together, we aim to elevate our customers' experiences through advanced automation, intelligent operations, and enhanced observability." Vinay Firake, CEO - Asia Pacific, Middle East and Africa (APMEA), Wipro Limited, said, "We are excited to embark on this journey with Etihad Airways and enable them to adapt to the dynamic needs of the aviation industry. Through our proven expertise in digital transformation and AI-powered solutions, we will deliver seamless, efficient and innovative services to their customers." Additionally, Etihad Airways will gain access to Wipro's Innovation Lab in the UAE, which will play a pivotal role in enhancing their technology to meet the evolving demands of their global operations. For more than two decades, Wipro has operated in the Middle East with thousands of employees and providing opportunities for local talent to effectively serve the clients in the region. The company brings its global expertise in the aviation industry and proven capabilities across cloud transformation to help clients unlock new opportunities. Note: The deal was mentioned in Wipro Limited's financial results announcement press release, dated January 17th, 2025, for the quarter-ended December 31st, 2024, with a description of the company, but without naming it as Etihad Airways. About Wipro Limited Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO) is a leading technology services and consulting company focused on building innovative solutions that address clients' most complex digital transformation needs. Leveraging our holistic portfolio of capabilities in consulting, design, engineering, and operations, we help clients realize their boldest ambitions and build future-ready, sustainable businesses. With over 230,000 employees and business partners across 65 countries, we deliver on the promise of helping our customers, colleagues, and communities thrive in an ever-changing world. For additional information, visit us at www.wipro.com.

Wipro shares in focus after multi-million-dollar deal with Etihad Airways

Wipro shares are expected to remain in focus on Friday, January 31, after the IT services major secured a multi-million-dollar, five-year contract from Etihad Airways, the national airline of the UAE, to drive its technology modernization. The financial details of the deal were not disclosed. "Wipro will ensure seamless migration of legacy systems and improve operational efficiency across key areas, including workplace, network, infrastructure, and service management," the company said in a statement. As part of the contract, Wipro FullStride Cloud will provide a customized cloud-based solution, offering Etihad Airways real-time insights into resource utilization while enhancing operational agility and scalability across its global operations. The company confirmed that this deal is part of its third-quarter bookings. "We are excited to embark on this journey with Etihad Airways and enable them to adapt to the dynamic needs of the aviation industry. Through our expertise in digital transformation and AI-powered solutions, we will deliver seamless, efficient, and innovative services to their customers," said Vinay Firake, CEO - Asia Pacific, Middle East, and Africa (APMEA), Wipro. Also Read: Stocks in news: Nestle, Vedanta, L&T, Motilal Oswal, Greenlam Industries Additionally, Etihad Airways will gain access to Wipro's Innovation Lab in the UAE for technology advancements. Wipro will also leverage its generative AI (GenAI) modules to enhance intelligent device management, optimize performance, and proactively address potential disruptions. "We look forward to working with Wipro to prepare for the AI era, with an emphasis on innovation, sustainability, and cost optimization. Together, we aim to elevate our customers' experiences through advanced automation, intelligent operations, and enhanced observability," said Frank Meyer, Chief Digital Officer, Etihad Airways. Also Read: Sebi cracks down on finfluencers selling tips as education Wipro reported a 24% year-on-year growth in consolidated net profit for the quarter ended December 31, 2024, reaching Rs 3,354 crore, while revenue from operations rose marginally by 0.5% to Rs 22,319 crore. On a sequential basis, profit after tax (PAT) increased by nearly 5%, while revenue growth remained flat at 0.1%. The company's operating cash flow stood at Rs 4,930 crore in Q3, reflecting a 3% YoY increase and accounting for 146.5% of net income for the quarter. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)