Wipro to invest $1 billion in cloud business

Wipro, India’s fourth-largest IT services company, on Tuesday announced its plan to invest $1 billion over the next three years in building capabilities around cloud technologies, including for acquisitions and partnerships in the space.

The company also announced the launch of ‘Wipro FullStride Cloud Services’, a portfolio of services that will help it offer comprehensive cloud transformation capabilities to its customers, Wipro NSE 2.33 % said.

“Today, cloud adoption is at the core of any IT transformation initiative, and our clients have been turning to Wipro for help with this,” said Thierry Delaporte, managing director and CEO at Wipro.