Wipro gains after partnering with Reltio for data applications

Wipro rose 0.5% to Rs 480.75 at 9:25 IST on BSE after the company partnered with Reltio to develop faster and cost effective master data management solutions.

The announcement was made after market hours yesterday, 15 September 2016.

Meanwhile, the BSE Sensex was up 189.92 points or 0.71% at 28,615.58.

On BSE, so far 2,677 shares were traded in the counter, compared with average daily volume of 3.88 lakh shares in the past one quarter. The stock hit a high of Rs 482.30 and a low of Rs 479.20 so far during the day.

Wipro said that the company and Reltio, an enterprise data driven applications and modern data management platform as a service company partnered to develop faster and cost effective master data management solutions. The partnership will help Reltio and Wipro's clients bridge the gap between data and insights by boosting the reliability of information, while ensuring users get access to relevant data.

On consolidated basis, Wipro's net profit fell 8.32% to Rs 2051.90 crore on 0.32% decline in net sales to Rs 13697.60 crore in Q1 June 2016 over Q4 March 2016.

Wipro is a leading information technology, consulting and business process services company that delivers solutions to enable its clients do business better.

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