Bengaluru: Wipro President Rishad Premji Said that the company has made significant changes to the operating model and leadership team and managed it with minimal disruption.
“We are obsessed with growth, closer to customers, more local and agile and more geographically distributed,” he said Friday at the company’s annual investor meeting.
The company has made a remarkable change since Thierry Delaporte He took over as CEO a year ago.
During this period, Prem Ji It has been instrumental in transforming the company culture into a culture where everyone is cooperating much more closely.
Premji said he has had the opportunity to travel over the last 3-4 weeks to meet customers “and everyone is thinking of themselves as a tech company, increasing efficiency through technology rather than reducing costs.” Is.”
Delaporte said Wipro would focus on winning big deals worth $200-300 million. Such deals have been at the heart of the company’s growth strategy since French came on board.
The company said its acquisition of UK-based management and technical consulting firm Capco earlier this year for about $1 billion is helping it make better penetration into the financial services sector.
“First, we will continue to accelerate our momentum and ambitions through our continued focus on customers. Our growth will be driven by larger deals and the expansion of our market share to more than $200-300 million of accounts,” delaporte said.
“The pandemic has accelerated the transformation timeline for all industries. Digital technology like AI, Big Data, Cloud, Cyber Security is being widely adopted and witnessing exponential growth. This means greater complexity, greater need for expertise and innovation; A place where we want to play,” Delaporte said.
Wipro says it has won great deals in its key markets of North America and Europe, with the total contract value (TCV) of large deals increasing by 80% over the past year.
Its annual revenue run-rate passed the $10 billion mark. The topline now accounts for 30% of cloud revenue.
Wipro has moved 60% of its leadership team closer to its customers, which has helped it understand customer issues better. One-third of its global account executives are new.
“We are obsessed with growth, closer to customers, more local and agile and more geographically distributed,” he said Friday at the company’s annual investor meeting.
The company has made a remarkable change since Thierry Delaporte He took over as CEO a year ago.
During this period, Prem Ji It has been instrumental in transforming the company culture into a culture where everyone is cooperating much more closely.
Premji said he has had the opportunity to travel over the last 3-4 weeks to meet customers “and everyone is thinking of themselves as a tech company, increasing efficiency through technology rather than reducing costs.” Is.”
Delaporte said Wipro would focus on winning big deals worth $200-300 million. Such deals have been at the heart of the company’s growth strategy since French came on board.
The company said its acquisition of UK-based management and technical consulting firm Capco earlier this year for about $1 billion is helping it make better penetration into the financial services sector.
“First, we will continue to accelerate our momentum and ambitions through our continued focus on customers. Our growth will be driven by larger deals and the expansion of our market share to more than $200-300 million of accounts,” delaporte said.
“The pandemic has accelerated the transformation timeline for all industries. Digital technology like AI, Big Data, Cloud, Cyber Security is being widely adopted and witnessing exponential growth. This means greater complexity, greater need for expertise and innovation; A place where we want to play,” Delaporte said.
Wipro says it has won great deals in its key markets of North America and Europe, with the total contract value (TCV) of large deals increasing by 80% over the past year.
Its annual revenue run-rate passed the $10 billion mark. The topline now accounts for 30% of cloud revenue.
Wipro has moved 60% of its leadership team closer to its customers, which has helped it understand customer issues better. One-third of its global account executives are new.
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