IT services major Wipro on Tuesday said it had bagged an application management (AMS) and services integration and management (SIAM) contract from Fortum, a clean-energy company headquartered in Espoo, Finland.
As a part of the five-year agreement, Wipro will manage Fortum’s application portfolio across hundreds of applications for more than 11,500 users across 18 countries and provide 24/7 support for business-critical applications, a statement said.
No financial details of the deal were disclosed.
The shares of Wipro are rising for the second consecutive day and are trading 1.51 per cent higher at ₹348.45 on BSE.
Market-beating performance
The stock along with generating 40.21 per cent returns in the last one year, it has outperformed BSE 500 in the last three years.