India is hosting the World Congress on IT for the very first time, in partnership with the NASSCOM leadership forum and it is Hyderabad that's witnessing all the IT action. Over 2,500 delegates from tech companies across the globe will be discussing new age technology and investment into India. From the sidelines of the event, CNBC-TV18's Nithya Balakrishnan caught up with Rishad Premji, the Chief Strategy Officer and member of the board, Wipro.
We are working hard for new customer acquisition. We have added Crompton Greaves Consumer Electrical, Wipro and Bajaj Electricals as customers in last two quarters in lighting vertical. We have added Samsung and Lloyd as our customers in the washing machine segment. In television sector, we have added Flipkart, Atul Lall, MD of Dixon Technologies-India said.
Under the shadow of the year long promoter-management conflict, Vishal Sikka resigns as the Infosys top boss.
CNBC-TV18 is the only TV channel to get access to the newly set-up centre of Wipro in Silicon Valley and Shereen Bhan caught up with CEO Abidali Neemuchwala at this new facility and asked him about the company's plans for alliances and investment strategies in the Silicon Valley.
Notwithstanding few headwinds to revenue and margin in the immediate quarters, Wipro does not see any structural growth issues in the medium term.
The North American market accounts for over 62 percent of Infosys' revenue. For the quarter ended March 2017, revenue from this market grew 1.3 per cent sequentially for the company.
The company has been looking at acquisitions where it needs future competency, says Bhanumurthy, President and COO of the company. It is looking at acquisitions which will help in expanding geographies.
There are many risks to the IT sector and the company needs to respond primarily to the changing customer needs to stay at the top. He feels the Indian IT industry is quite resilient to shocks and Wipro may emerge successful.
Fewer working days and client furlough are key reasons for Wipro‘s subdued growth guidance for the third quarter, says CFO Jatin Dalal in an interview to CNBC-TV18 after its third quarter guidance disappointed the street earlier in the day.
Macroeconomic conditions across countries are not great and nations need real reforms to spur investor confidence, BCG Chief Executive Richard Lesser told CNBC-TV18. He, however, added that investors across the globe have a lot of confidence that such crucial reforms have started in India.
Indian IT companies need to pivot to the cloud technology to stay ahead of the curve -- that's the advice to the likes of Wipro and Infosys from Adobe's Shantanu Narayen.
Speaking with CNBC-TV18 on the occasion, Suresh Senapaty, former Executive Director and Chief Financial Officer of Wipro who worked with Premji for 36 years shared his view on how the investor and philanthropist played an important role in development of the IT industry.
CEO Abidali Z Neemuchwala said he is hopeful of seeing more demand for the digital business. Senior Vice President and Chief Financial Officer and President & Chief Human Resources Officer also weighed in.
The anti-corruption watchdog has said that companies in emerging markets have "pathetic levels of transparency", but Indian companies are better of the lot.
While energy and utility sectors continue to be a headwind for Wipro, clear demand is visible in digital space, Abidali Neemuchwala, CEO of Wipro said.
We see discretionary budgets actually cut, maybe flat to reducing a little bit going forward as far as the US is concerned. Europe on the other hand just the opposite, said TK Kurien, CEO, Wipro.
TK Kurien, Chief Executive Officer at Wipro pointed out that the company posted the best quarter in terms of new deals by bagging 6 new deals largely led by global infrastructure services. The new deal wins In Q3 reflect in the guidance for Q4, he added.
Indian software major Wipro on Wednesday announced a 4 percent sequential growth in its rupee revenue, matching analysts' expectations.
While chief executive office TK Kurien refained from giving any guidance, citing SEC rules, he says the company is more than making up for pricing pressure by hiking productivity.
According to V Balakrishnan, the only way Infosys can truly transform itself and achieve higher growth rates is by disrupting its existing model.
Speaking to CNBC-TV18 Kailash Lalpuria, ED, Indo Count Industries says that stable cotton prices will be helpful for the company's exports in US and the other developed nation markets like European Economic Communities (EEC), UK, Melbourne, Australia and Canada.
Speaking to CNBC-TV18‘s Wipro's new digital head Rajan Kohli said the company will be investing in interaction, integration and insight.
Cognizant CEO Francisco D'souza wants to bolster consultancy and digital business through acquisitions. He says the company has a healthy acquisitions pipeline.
Wipro‘s fourth-quarter earnings, in which revenues missed estimates slightly though profits were in line, were bogged down by a slowdown in the oil & gas vertical, CEO TK Kurien told CNBC-TV18‘s Kritika Saxena in an interview.
In an interview with Poornima Murli, Suresh Senapaty said the company‘s European business continues to remain under pressure.