Wipro & AWS launch WABG to accelerate customers' cloud transformation journey on AWS

Wipro Ltd has launched its dedicated Wipro AWS Business Group (WABG). This new business group is developed to fast-track customers' cloud transformation journey on AWS. The announcement came on Monday after the market was closed for the day.

Wipro AWS Business Group will merge Wipro’s diverse industry experience and a comprehensive portfolio of services with AWS’s industry-leading cloud platforms.

Wipro AWS Business unit will house more than 10,000 AWS-certified consultants, which will focus on business development, talent creation, solution development, and delivery execution.

Wipro is a global information technology, consulting & business process services company.

The stock of Wipro has recovered by 110.80 per cent from its sharp decline in March 2020. On a YTD basis, the stock has gained by 50.63 per cent. It has given returns of 81.52 per cent in six months.

According to BSE data, the stock traded at a P/E multiple of 21.61 and a price-to-book ratio of 3.71. The stock has a 52-week high and a 52-week low of Rs 381.70 and Rs 159.60, respectively.

The share price of the company closed at Rs 334.45, down by 0.13 per cent on BSE.