On clients moving away from discretionary spends, CEO Thierry Delaporte added that the macro uncertainty drives a “certain level of volatility”, and on that front, there is a lag in conversion.
This is the first time in ten quarters that Wipro is seeing a net reduction in headcount since the first quarter of FY21, when the company's headcount reduced by 1,082 employees.
Amit Chaudhary was previously COO for Capgemini’s Financial Services Business Unit.
Delaporte added that the nature of deals is shifting, but there stated that he hasn't seen a decline in the number of bookings
Wipro CEO Thierry Delaporte said the company doesn't believe it’s right to have two jobs where there's a conflict of interest.
Wipro's move to pause variable pay and defend margins comes amid fears of a possible recession in the US
Wipro did not divulge details of the exercised price or the vesting period. The grant is effective August 11.
In the same period, Infosys CEO Salil Parekh got a pay packet of $10.2 million, HCL CEO C Vijayakumar made $4.15 million, TCS CEO Rajesh Gopinathan was paid $3.32 million, and Tech Mahindra’s CP Mahindra got a remuneration of $2.83 million
But, according to Delaporte, the company is better positioned to attract talent now than it was two or three years ago. With the demand continuing to be on the rise, Delaporte spoke to Moneycontrol about the sustainability of this growth, its acquisition spree and more.
The acquisition will help Wipro drive large-scale business and technology transformation for clients
Wipro sees tremendous opportunity in its partnerships with companies like AWS, Microsoft, Google, Salesforce, SAP ServiceNow, in the areas of cloud-led modernization, AI, machine learning, and specific digital solutions.
Wipro had started getting senior executives back to the office in September. In October, the company said that it would accelerate the initiative from January 2022 but the spread of Omicron has forced a change of plan
In 2021, the best companies exhibited the ability to innovate and soldier on in the midst of a crisis. In all cases, these were companies whose leaders showed the way.
Two years ago, HCL Technologies overtook Wipro to become India’s third largest information technology (IT) services company. Under new CEO Thierry Delaporte, can Wipro regain its place in India’s IT pantheon?
As a part of the investment, Wipro FullStride Cloud Services was launched to help clients' in their cloud journey. The firm has seen consistent growth in its cloud business and employs over 79,000 cloud professionals and more than 10,000 people certified by the leading cloud service providers.
It has been a year since Thierry Delaporte took charge as the CEO of Indian IT major Wipro. Since then, Delaporte has taken a number of initiatives to make Wipro more nimble, win deals and make strategic acquisitions. Delaporte spoke to Moneycontrol's Chandra R Srikanth and Swathi Moorthy on the progress so far and the challenges and opportunities ahead.
However, the company's attrition increased to 15.5 percent in the June quarter, up from 12 percent in the previous quarter.
Thierry Delaporte, who took over as Wipro's CEO last year, has revamped the company’s structure and acquisition strategy to spur growth and reclaim the No. 3 spot in India’s IT hierarchy
Technology is often at the forefront of economic recovery, but especially so now, as the pandemic precipitated structural changes across industries and challenged established ways of working, Wipro chairman Premji has said a letter to shareholders.
The other critical hires at Wipro in recent months include Subha Tatavarti, its Chief Technology Officer, Stephanie Trautman, who will be the chief growth officer, a new role created to drive large deals momentum, and Pierre Bruno, who will be heading Europe, which is one of the key focus areas for the company.
Wipro’s Thierry Delaporte drew Rs 64 crore ($8.8 million) for FY21, making him the highest paid CEO in IT compared to his peers in Infosys' Salil Parekh at Rs 49.68 crore and TCS' Rajesh Gopinathan at Rs 20.4 crore.
Attrition and talent war are clearly one of the key challenges facing IT firms that are looking at double- digit growth in FY22. To attract and retain talent, all Indian IT firms are looking at multiple interventions.
US-based Subha Tatavarti worked at PayPal for nearly a decade before moving on to Walmart in 2020
Wipro's Chief Human Resources Officer Saurabh Govil said the company is making big investments in Europe, US and Asia Pacific and on new technology areas, adding that supply-side constraints would not hold back the growth momentum.
TCS, Infosys, the company’s rivals in the top tier of India’s IT services sector, are way ahead in terms of revenue and growth. In FY19, HCL Tech overtook Wipro to become the third-largest IT services provider. Delaporte is now aiming to regain lost ground, focussing on growth and roping in talent to pursue it