Wipro Share Price In Focus; to Enhance FORVIA’s Vehicle Safety Applications

On November 13, 2024, Wipro, a leading technology services and consulting company, announced the use of its Engineering Edge’s Cloud Car building blocks, including Microservices and vehicle container architecture components, by FORVIA to enhance its vehicle safety and comfort applications.

Wipro Optimising ADAS Solutions

FORVIA (FRVIA), the seventh-largest automotive technology supplier globally, is optimising its ADAS application suite.

FORVIA’s ADAS applications are now mostly hardware-independent, have lower maintenance costs, and are continuously integrated into Original Equipment Manufacturers’ (OEM) value chains.

“We’re very pleased with the outcome of this work for FORVIA. This project shows our strong and diverse skills in the Software Defined Vehicle area, working with automotive leaders to boost their growth and rethink safety and entertainment features using cloud-native engineering principles. We’re excited to keep working with FORVIA to help them achieve their ambitions,” said Graziella Neuvéglise, Regional Head & Managing Director, Southern Europe, Wipro.

On October 17, 2024, Wipro announced its second-quarter results for fiscal 2025, reporting a net profit of ₹3,209 crore, compared to ₹2,646 crore in the same period last year.

Wipro Share Price Performance

On November 32, 2024, Wipro share price traded 0.08% lower at ₹570.20 at 11:30 AM. It opened at ₹570 on NSE.

About Wipro

Wipro is a global technology services and consulting firm, specialising in IT services, digital transformation, cloud solutions, artificial intelligence, and cybersecurity. Based in India, Wipro caters to a broad range of industries such as healthcare, banking, manufacturing, and energy. The company focuses on driving innovation and delivering technology-driven business solutions to its clients worldwide.

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