Wipro bags five-year IT contact from Government of Punjab ::Angel Broking,

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Wipro bags five-year IT contact from Government of Punjab
Wipro Infotech, IT business unit of Wipro, has bagged an order from the Punjab
government’s department of excise and taxation to deploy tax management system across
the state. The deal spans for five years, however, the deal size was not disclosed. Wipro
will be responsible for design, implementation and management of IT infrastructure and
outsourced transaction processing along with other support activities. This includes
procurement, deployment, operations and maintenance of the department's IT
infrastructure at various project locations as well as data migration, setting up of various
front windows, training, helpdesk and maintenance activities. Wipro would also undertake
design, development, customisation, testing and rollout of the application software for a
period of five years. We maintain Accumulate rating on the stock with a
target price of `489.