Can't put a time frame for Wipro transformation: CEO Abidali Neemuchwala

Wipro may have reported disappointing results, but CEO Abidali Neemuchwala told ET in an interview that the company is headed in the right direction. Excerpts:

How long will you lag in growth behind peers?

We, as well as our customers, are undergoing transformation. We see a good momentum in new areas such as digital, cloud – all of those areas. We see an impact on the businesses we are divesting or businesses are not investing in the legacy areas. And, till we are at a point where the digital and new business crosses into the majority, the impact of legacy going down is higher in our case.

The digital business contributes one-third of your revenues. Isn’t this a good scale to override the legacy business?

Absolutely. For example, we divested our data centre business. A lot of our data centre business goes away, that goes down first.

Client count has reduced over the last year?

We are divesting some businesses. A lot of our clients go away with it also.

When will you complete the transformation of your organisation?
We think we are moving in the right direction. Partly, it is about what we are doing and partly it is about the macro environment. I don’t want to put a time frame for it, but clearly we are trending in the right direction.

What are the macro issues?

Whether you look at Brexit, the trade and tariff, immigration issues, all of these are uncertainties. It has been over three years since you took over.

Why is the internal transformation taking more time?

I was not only transforming internally, things outside were changing as well. For example, our data centre business – it is not about changing how we deliver our infrastructure services, but it is also about how we migrate our customers to the cloud. The old has to be transformed and new has to be introduced. That is a little more complex than a stable environment.


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