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Wipro gains after joining Duck Creek Technologies' alliance program

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

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

Meanwhile, the 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.

and Duck Creek Technologies, the P&C insurance industry's leading SaaS provider, announced a relationship whereby will offer a broad array of and related and data solutions for its 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 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 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 process services company.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, September 12 2018. 09:34 IST