Wipro Bags Multi-Year Deal to Lead FrieslandCampina’s Digital Transformation

IT services giant Wipro Ltd announced on Monday, January 27, 2025, that it has been selected by FrieslandCampina, a global dairy company with over 150 years of heritage, as its strategic IT partner. This partnership is designed to support FrieslandCampina’s strategic goals and deliver targeted business outcomes over a five-and-a-half-year engagement period.

Scope of the Partnership

Under the agreement, Wipro will manage FrieslandCampina’s Core IT Services and provide comprehensive support in critical areas, including end-to-end Service Management, Infrastructure and Cybersecurity Services, and Enterprise Application Management Services.

Focus on Digital Transformation and Operational Excellence

The engagement also encompasses overarching digital transformation initiatives, as well as HR and employee services. These efforts aim to enhance operational excellence, improve end-user experience, and ensure business continuity for FrieslandCampina.

“This collaboration reinforces Wipro’s commitment to delivering innovative IT solutions and supporting FrieslandCampina in achieving its long-term business objectives,” the company stated in a regulatory filing.

Stock Performance

On January 28, 2025, Wipro share price traded 1.53% lower at ₹303.90 at 9:30 AM (IST). Wipro’s share price reached a 52-week high of ₹324.55 on January 23, 2025, and a 52-week low of ₹208.40 on June 04, 2024. As per BSE, the total traded volume for the stock stood at 0.94 lakh shares with a turnover of ₹2.87 crore.

At the current price, Wipro shares are trading at a price-to-earnings (P/E) ratio of 30.86x, based on its trailing 12-month earnings per share (EPS) of ₹9.88, and a price-to-book (P/B) ratio of 2.52, according to exchange data.

Shareholding Details

As of December 31, 2024, promoters held a 72.75% stake in Wipro shares, while Foreign Institutional Investors (FIIs) owned 7.81%, and Domestic Institutional Investors (DIIs) held 8.20%.

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