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Wipro hires 12,000 in Q2, robust hiring in the offing in Q3 as well with growth picking up

Of the 12,000 hired, 3,000 were freshers were onboarded. Total employee count at the end of September is 185,243.

October 14, 2020 / 02:25 PM IST

Bengaluru-based IT major Wipro hired 12,000 people for the quarter ending September and expect similar hiring numbers in coming quarters as well.

Of the 12,000 hired, 3,000 were freshers. Total employee count at the end of September is 185,243.

Saurabh Govil, chief human resources officer, Wipro, in the Q2 earnings call, said, “Very robust hiring this quarter, both laterally and campuses. We continue to see the same momentum going forward.”

He further added that the given the growth momentum, the company is making sure that it is geared to manage growth by hiring, laterally and via campuses, across geographies including India and also in the new business areas where the demand is. These newer business areas include cloud, and cybersecurity, where there is huge demand.

“I am not sharing numbers but very robust hiring plan we have in the coming quarters,” he said.

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This traction comes at the back of improved growth momentum the company saw in Q2 as clients continued to spend in tech. BM Bhanumurthy, COO, pointed out that the deal momentum is back to pre-COVID-19 levels with order pipeline consisting of a combination of both small and larger deals.

The quarter also saw the company’s gross utilisation level increase to 76.4 percent and voluntary attrition came down to 11 percent. It was 13 percent in Q1 FY21 and 17 percent in the year ago period in September.

For the quarter ending September, revenue grew 3.7 percent quarter-on-quarter at $1992.4 million driven by banking and financial services, consumer business unit, communications and healthcare.

Thierry Delaporte, CEO, said the company is well-positioned to win large deals going forward as it is becoming more relevant for its clients.

This is what has reflected in the revenue guidance of 1.5-3.5 percent for December quarter. Wipro did not share guidance in Q1 on account of lack of visibility due to pandemic.

“…in July, it was a particular context of crisis (that was) just unfolding. We were trying to understand the implications and it was difficult to get the visibility. So we felt that it was probably better not to give guidance in this context,” Delaporte said.

“We are in a different situation three months later. We have good visibility on business in quarter 3 and 4, and the guidance of 1.5-3.5 percent seem to be the right thing to do,” he added.

Delaporte has listed five key priorities as he navigates Wipro towards the growth trajectory.

  1. Investing in existing accounts

  2. Focus and scale

  3. Bettering Wipro’s offering

  4. Building talents

  5. Simpler and leaner organisation

According to Delaporte, the work on this has already begun and is moving as rapidly as possible to bring the growth momentum back.
Moneycontrol News
first published: Oct 13, 2020 08:39 pm