Wipro bags multi year contract from HM Treasury

The IT major on Thursday (18 August 2022) announced that it has received a multi-year contract to deliver Service Integration and Management (SIAM) services to the UK government department, HM Treasury (HMT).

HM Treasury is the UK government's economic and finance ministry, maintaining control over public spending, setting the direction of the UK's economic policy and working to achieve strong and sustainable economic growth.

The service will enable seamless integration of IT services across multi-functional suppliers and partners, enhancing the user experience across HMT and its arm's length bodies, the company stated.

As per the exchange filing, Wipro and HMT will collaborate to enable end-to-end SIAM services, from strategy, design, and implementation to running business-as-usual services such as day-to-day coordination of service integration across HMT's vendors. Wipro's robust SIAM capabilities and proven approach will complement HMT's vision to build a sustainable and continuously improving supplier ecosystem and infrastructure.

Omkar Nisal, manager director UK & Ireland, Wipro, said, We are delighted to form a partnership with HMT and to play a key role to drive their 'One Team' culture. The Wipro team will be acting as an orchestrator; managing and governing end to end service operations across all of HMT's suppliers; delivering operational efficiency, transparency and improved service quality. Public Sector digitalisation is vital to providing efficient and resilient services to citizens across the UK, so it's an honour to play an important role in a prestigious government department at the beating heart of the UK economy.

Huw Stephens, chief information officer, HM Treasury, said, I am looking forward to working with Wipro in shaping and delivering the next generation of IT services at HM Treasury. This new partnership will support the department by improving end to end IT services by delivering more responsive services for our users.

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

The IT major's consolidated net profit dropped 16.96% to Rs 2,563.6 crore on 3.21% rise in revenue from operations to Rs 21,528.6 crore in Q1 FY23 over Q4 FY22.

Shares of Wipro were up 0.84% to Rs 438.65 on the BSE.

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