Wipro is also exploring the metaverse as the physical and virtual worlds are getting closer Listen to this article Your browser doesn’t support HTML5 audio It's been two years since Thierry Delaporte took charge as the chief executive officer and managing director of Bengaluru-based Wipro Ltd. He joined in July 2020 as the first wave of the pandemic spread throughout India, forcing the government to enforce strict curbs on mobility. Subsequently, leading IT services firms posted robust growth, buoyed by high demand for digital and cloud computing services as clients scrambled to digitalize their operations. In the absence of covid-led tailwinds, will Delaporte be able to sustain the growth momentum? It's been two years since Thierry Delaporte took charge as the chief executive officer and managing director of Bengaluru-based Wipro Ltd. He joined in July 2020 as the first wave of the pandemic spread throughout India, forcing the government to enforce strict curbs on mobility. Subsequently, leading IT services firms posted robust growth, buoyed by high demand for digital and cloud computing services as clients scrambled to digitalize their operations. In the absence of covid-led tailwinds, will Delaporte be able to sustain the growth momentum? In an interview, Delaporte talks about the growth momentum, new markets, and key technologies Wipro is focusing on. Edited excerpts: In the last two years, growth seemed very strong and the markets reacted very positively. Do you think the momentum has slowed? Over the past seven quarters, Wipro has grown over 3% quarter-on-quarter. In the June quarter, we grew at 2.1% sequentially, which is slightly lower than the previous quarters, which is not abnormal. I don’t think we are slowing down at all from a growth standpoint. We have not done another large acquisition like Capco but we are not slowing down in terms of our organic growth. In terms of evolution of the stock, I cannot control that and no one can control that. Market is not the same. It’s a bear market at the moment and none of the stocks are flamboyant. That’s not a reflection of Wipro’s growth.
You have made several acquisitions in the past with a lot of focus on inorganic growth. Will that strategy continue, or will we see more focus on organic growth now?
I don’t think we will change the strategy. We will not do mergers and acquisitions (M&As) for the sake of it. But when it makes sense, when there is a strategy rationale behind that, we will consider it.
You mean we could even see Wipro making large acquisitions like Capco?
How are you strengthening your presence outside the US and Europe?
We really focus on seven markets. If you look at the Americas, we are absolutely focused on the US, Canada, and Brazil. We are not going to, for example, Peru and Colombia. In Europe, too, we have chosen our priority markets—UK and Germany, and then it’s Nordics, Switzerland, Benelux, and Southern Europe. We are not looking at expanding our business in Turkey or Greece. We also have focus in Australia, Southeast Asia, Japan, and India. In Africa, we are only in South Africa. So, we have been pretty selective in terms of the markets where we want to invest. Today, 83% of revenue comes from five markets. And we will continue this focus because this is where we are growing and also have the highest potential.
What are some of the key emerging technologies Wipro will focus on this fiscal year?
We are focusing a lot in the digital engineering space. Clients are leveraging 5G in the cloud to really drive access to data. Then to develop a data strategy, we can leverage the internet of things (IoT). We are also focusing on how artificial intelligence (AI) can incredibly transform businesses across industries. We are also exploring the metaverse as the physical and virtual worlds are getting closer to each other. The reality is that to be efficient in your business, you will be leveraging more of the virtual world and the connection between different physical worlds. So, we need to continue to invest in them. It’s interesting when I speak to clients, there’s always a moment in their cloud transformation journey where they realize that they had no clue about the potential that a proper cloud strategy can generate for their business in terms of the endless opportunities, creating new solutions, new business models, etc. Catch all the Corporate news and Updates on Live Mint. Download The Mint News App to get Daily Market Updates & Live Business News.
Wipro CEO Thierry Delaporte has become Indian IT sector's highest paid executive as papers filed with the US Securities and Exchange Commission showed that his annual pay package in the fiscal year ending March 31, 2022, was Rs 79.8 crore ($10.51 million). In FY21, Delaporte’s annual salary was Rs 64.3 crore ($8.7 million). His compensation figure was for nine months in that year as the 55-year-old joined the company in July 2020. The Wipro CEO in FY22 took home Rs 13.2 crore ($1.74 million) in salary and allowances, Rs 19.3 crore ($2.55 million) in form of commissions and variable pay, while in terms of other benefits, he received Rs 31.8 crore ($4.2 million) from the company. The rest of Delaporte’s pay package was formed by long-term compensation or deferred benefits. Delaporte’s package also includes one-time cash awards which was approved by Wipro's shareholders at the company's annual general meeting in July 2020. Meanwhile, Wipro chairman Rishad Premji in FY22 took home $1.82 million, as compared to $1.62 million last year. In rupee terms, the chairman's compensation jumped to Rs 13.8 crore from Rs 11.8 crore last year. However, Premji was not given stock options in FY22. This comes after Infosys' annual report said that its CEO, Salil Parekh's compensation jumped 43 per cent to Rs 71 crore in FY22. The company has now revised his salary, to Rs 79.75 crore, up 88 per cent from his previous package. At India’s largest IT services company TCS, its CEO and MD Rajesh Gopinathan received a remuneration package of Rs 25.8 crore for FY22, up 26.6 per cent on year, the firm's annual report showed.
Dubai, UAE and Bangalore, India – April 08 , 2022: Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading global information technology, consulting and business process services company, announced the appointment of Anis Chenchah as member of the Wipro Executive Board and Chief Executive Officer, APMEA (Asia Pacific, India, Middle East and Africa). Anis has over two decades of experience in Consulting, IT and Business Process Services. He joins from Capgemini where he was the Global CEO of Capgemini Business Services and member of the Group Executive Committee. Prior to that, Anis held various leadership roles in Capgemini Financial Services across Europe and the Middle East. “I warmly welcome Anis to Wipro. His appointment is a bold indication of our ambition for exponential growth and leadership in APMEA as we tap into its promising future. With his successful track record of driving high growth in diverse contexts, managing complex transformations and building high-performance teams, Anis is well-positioned to accelerate our success in this strategic market,” said Thierry Delaporte, CEO & Managing Director, Wipro. “I admire Wipro’s purpose and its extraordinary commitment to social good and am impressed by the effectiveness of its transformation over the past 2 years. It is a privilege to lead Wipro’s business in a region that I am deeply passionate about, and to partner with our clients as they accelerate their business and digital transformation,” said Anis Chenchah. Anis holds a Master’s degree in Engineering from ENSISA in France. N S Bala, who has been the CEO of the APMEA Strategic Market Unit for the past year has decided to move back to the US for personal reasons. We respect his decision to therefore move on from Wipro and want to sincerely thank him, not only for setting a strong foundation in place in APMEA but also for his unstinting contributions to Wipro over the past three decades. We wish him all the best for his next endeavour. About the APMEA Strategic Market Unit Wipro has a strong presence and experience across the various regions that comprise APMEA. This market unit plays a strategic role as the ‘growth-engine’ of the organization, especially with the increasing demand from our customers for comprehensive modernization and digital transformation solutions, deep domain expertise and innovation at scale. In line with our growth ambitions, we continue to invest in localization and building diverse talent, while strengthening our ecosystem partnerships and knowledge of regional demands to meet our clients’ expectations. About Wipro Limited Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO) is a leading global information technology, consulting and business process services company. We harness the power of cognitive computing, hyper-automation, robotics, cloud, analytics and emerging technologies to help our clients adapt to the digital world and make them successful. A company recognized globally for its comprehensive portfolio of services, strong commitment to sustainability and good corporate citizenship, we have over 220,000 dedicated employees serving clients across six continents. Together, we discover ideas and connect the dots to build a better and a bold new future. Media Contact: Sandeep Deb Varman Wipro Limited
Forward-Looking Statements The forward-looking statements contained herein represent Wipro’s beliefs regarding future events, many of which are by their nature, inherently uncertain and outside Wipro’s control. Such statements include, but are not limited to, statements regarding Wipro’s growth prospects, its future financial operating results, and its plans, expectations and intentions. Wipro cautions readers that the forward-looking statements contained herein are subject to risks and uncertainties that could cause actual results to differ materially from the results anticipated by such statements. Such risks and uncertainties include, but are not limited to, risks and uncertainties regarding fluctuations in our earnings, revenue and profits, our ability to generate and manage growth, complete proposed corporate actions, intense competition in IT services, our ability to maintain our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, the success of the companies in which we make strategic investments, withdrawal of fiscal governmental incentives, political instability, war, legal restrictions on raising capital or acquiring companies outside India, unauthorized use of our intellectual property and general economic conditions affecting our business and industry. The conditions caused by the COVID-19 pandemic could decrease technology spending, adversely affect demand for our products, affect the rate of customer spending and could adversely affect our customers’ ability or willingness to purchase our offerings, delay prospective customers’ purchasing decisions, adversely impact our ability to provide on-site consulting services and our inability to deliver our customers or delay the provisioning of our offerings, all of which could adversely affect our future sales, operating results and overall financial performance. Our operations may also be negatively affected by a range of external factors related to the COVID-19 pandemic that are not within our control. Additional risks that could affect our future operating results are more fully described in our filings with the United States Securities and Exchange Commission, including, but not limited to, Annual Reports on Form 20-F. These filings are available at www.sec.gov. We may, from time to time, make additional written and oral forward-looking statements, including statements contained in the company’s filings with the Securities and Exchange Commission and our reports to shareholders. We do not undertake to update any forward-looking statement that may be made from time to time by us or on our behalf. |
Who is ceo of wipro
Postagens relacionadas
direito autoral © 2024 cemle Inc.
