Wipro CEO Thierry Delaporte (File photo)
BENGALURU: Wipro CEO Thierry Delaporte said profitable growth will be his most important priority while leading the company, and the firm will leave no stone unturned to regain momentum in the market. The company has had the lowest growth rate among its peers for several years now.
“Building on our strong foundation, we will make bold bets and stretch goals,” Delaporte, the first foreign CEO of an Indian IT services company, said at the company’s 74th AGM held virtually on Monday. Delaporte was named as Wipro CEO in May.
Over the next few weeks, Delaporte added, he will be working closely with chairman Rishad Premji and other senior leaders to draw up a plan to drive improvements across all spheres to put the company back on the growth track.
His predecessor Abidali Neemuchwala had also focused on growth, but was hobbled by certain business geographies that required restructuring, client bankruptcies and low returns from some of the company’s largest verticals due to macroeconomic conditions.
India’s fourth largest IT company plans to take a digital first approach to help clients with their workplace transformation process. “We have made significant investments in digital, cloud, cybersecurity & in our engineering capabilities,” said Rishad Premji in his first AGM as Wipro chairman.
He cautioned that spending patterns of clients have been affected as they are struggling to stay afloat in these critical times. “They have slowed spending on discretionary spends such as technology but are spending on cloud technology and infrastructure for working from home,” he said.
Premji added work models might change permanently. “Everybody in the office at all times may not be a reality in the future. We will see how things unfold in the next 12-18 months. We are working with Nasscom to make this a permanent affair,” he said. Wipro has about 95% of its employees still working from home.