IT consulting and business process services provider Wipro Limited (NYSE:WIT) has teamed up with Verizon (NYSE:VZ) in a global Network-as-a-Service (NaaS) offering to speed up network modernization and cloud transformation process of businesses.
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The NaaS offering will include pre-configured and tested service chains on a subscription-based model. Further, the multi-year partnership will help Wipro’s customers in the transition from legacy cycles to an automated and secure network environment.
Consensus on the Street remains a Moderate Buy for Wipro stock at present.
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