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Stability is a work in progress: Wipro CEO

Wipro CEO Abidali Neemuchwala told ET’s Ayan Pramanik and Raghu Krishnan that organisational stability was a work in progress and it would eventually reflect in the topline. Excerpts:

Your peers appear confident about growth, but why are you still conservative?

Because we have some work to do. When you have those uncertainties, you have to factor them in guidance. General uncertainties such as trade tariff and Brexit, none of that is unique to Wipro.

What is different at Wipro now compared to the last 2-3 years?

You should look at it from the context of ‘what we said is what we have done’. We talked about client mining and that is improving. We talked about digital transformation and now it is more than 37% of our revenue.

We talked about localisation, (now) we are one of the highest in localisation. Wipro Ventures has made some large investments in venture activities. So, look at us for consistency of what we say and what we do. It is yet to have its full impact on the topline because it is still awork in progress. We were underexposed in BFSI, today we are gaining market share. We have (had) doubledigit growth for many quarters in the US market. Some of the geographies, such as India, the Middle East – that is awork in progress and there is work to do. Holistically, we are on track for execution. When everything happens, you will see the impact on the topline.

Do you expect things to stabilise?

Every quarter, things are getting better and stabilised. We had a slower start, and we still have to watch. There is a little bit of uncertainty on the macroeconomic situation; some projects got delayed. I feel quite good with our demand pipeline.

Source: Economic Times