Wipro Limited has informed the Exchange regarding a press release dated Jun 10, 2025, titled "Metro Renews Strategic Partnership with Wipro to Further Strengthen IT Operations".
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Wipro Limited announced the extension of its strategic partnership with Metro AG, a major international food wholesaler, for an additional two years. Wipro has been working with Metro since 2021 and has already migrated 80% of Metro's on-premise infrastructure to the cloud. Under the renewed agreement, Wipro will continue providing integrated digital services across cloud, data, application development, and AI-enabled IT support, with a focus on Gen-AI, advanced analytics, automation, and data governance. The press release notes that this deal was previously mentioned in Wipro's Q4 FY25 results (April 16, 2025) but without naming Metro. Wipro highlighted that the extension will enhance security, scalability, and support Metro's public cloud transition.
Positive signal for Wipro shareholders as it shows continued client retention and expansion of an existing strategic account in the European food wholesale sector. The deal reinforces Wipro's AI and cloud capabilities but is not new revenue, as it was already factored into FY25 guidance. Limited near-term stock impact expected since the contract was previously disclosed.