Wipro gains after joining Duck Creek Technologies' alliance program

Wipro rose 0.59% to Rs 325.25 at 9:30 IST on BSE after the company announced a pact with Duck Creek Technologies to offer a slew of implementation services, related software and data solutions.

The announcement was made after market hours yesterday, 11 September 2018.

Meanwhile, the S&P BSE Sensex was up 54.42 points, or 0.15% to 37,467.55.

On the BSE, 16,000 shares were traded in the counter so far compared with average daily volumes of 5.55 lakh shares in the past two weeks. The stock had hit a high of Rs 326.85 and a low of Rs 324 so far during the day. The stock hit a 52-week high of Rs 334.75 on 16 January 2018. The stock hit a 52-week low of Rs 253.50 on 6 June 2018.

Wipro and Duck Creek Technologies, the P&C insurance industry's leading SaaS software provider, announced a relationship whereby Wipro will offer a broad array of implementation services and related software and data solutions for its insurance industry customers around the world. Wipro will offer systems integration, configuration, and support services for the Duck Creek Platform, which includes solutions for policy, rating, billing, claims, data insights, and digital engagement. Together, Wipro and Duck Creek will help insurers meet rapidly evolving consumer expectations in their digital transformation journey.

Wipro brings core insurance transformation to its customers through front-to-back digitalization and service design, and is fostering new ways of working by using agile and adaptive methodologies to break existing business silos.

Wipro's consolidated net profit rose 16.27% to Rs 2093.80 crore on 1.52% increase in net sales to Rs 13977.70 crore in Q1 June 2018 over Q4 March 2018.

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

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