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Wipro has worked with FORVIA (FRVIA), the world's seventh-largest automotive technology supplier, for the optimization of FORVIA's Advanced Driver Assistance Systems (ADAS) application set.
FORVIA used Wipro Engineering Edge's Cloud Car's building blocks, namely Microservices and vehicle container architecture components, to enhance its vehicle safety and comfort applications.
FORVIA's ADAS applications are now mostly independent of hardware, lower in maintenance costs, and continuously integrated into Original Equipment Manufacturers'(OEM) value chains thanks to the underlying cloud native architecture.
The project notably involved FORVIA's innovative surround-view technology which combines exterior camera views into an immersive 3D perspective that helps drivers park their vehicles safely and easily.
All functions of FORVIA's ADAS applications set have now been brought into a loosely connected, service-oriented microservice architecture. This update led to significantly lower software development lifecycle (SDLC) costs and FORVIA can now market its ADAS features and functions separately as well as combine them easily with ADAS functions from a customer or 3rd party.
Wipro announced a strategic partnership with RELEX Solutions, a provider of unified supply chain and retail planning solutions.
This partnership combines Wipro's deep expertise in the retail and Consumer Packaged Goods (CPG) sectors with RELEX's AI-based supply chain and retail planning platform. The platform enables retailers, wholesalers, and consumer goods companies to maximize sales, minimize costs, and reduce waste by optimizing demand, merchandise, supply chain, and operations planning across their value chain.
RELEX's unified AI-based platform allows for comprehensive and fully integrated supply chain management for all distribution channels. The platform optimizes internal processes and enhances collaboration with suppliers in key areas such as demand, availability, and resource planning. Additionally, the platform supports merchandising, inventory management, and operations planning, ensuring seamless data integration and real-time analytics to drive efficiency and profitability throughout the entire supply chain.
Wipro Ltd gained for a third straight session today. The stock is quoting at Rs 574.1, up 2.12% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 0.09% on the day, quoting at 24444.3. The Sensex is at 80286.14, down 0.1%. Wipro Ltd has gained around 5% in last one month.
Meanwhile, Nifty IT index of which Wipro Ltd is a constituent, has gained around 1% in last one month and is currently quoting at 42031.45, down 0.05% on the day. The volume in the stock stood at 66.49 lakh shares today, compared to the daily average of 87.61 lakh shares in last one month.
The benchmark October futures contract for the stock is quoting at Rs 574.1, up 2.13% on the day. Wipro Ltd is up 50.37% in last one year as compared to a 28.12% jump in NIFTY and a 37.36% jump in the Nifty IT index.
The PE of the stock is 30.77 based on TTM earnings ending September 24.