‘Turn­around Takes Time, But We’re On It’

The Economic Times - - Companies -

On Wed­nes­day, Ben­galuru-based Wipro posted luke­warm num­bers that largely met its own guid­ance, but fell marginally short of mar­ket ex­pec­ta­tions, as In­dia’s third-largest soft­ware ex­porter con­tin­ues to lag larger peers TCS and In­fosys. In an in­ter­view with ET’s Anir­ban Sen , new CEO Abidali Neemuch­wala spoke about the broader con­tours of his cur­rent strat­egy, his ex­pe­ri­ence of work­ing with bil­lion­aire chair­man Azim Premji and how long Wipro’s turn­around is ex­pected to take. Edited ex­cerpts:

You have set am­bi­tious long-term growth tar­gets. When do we start see­ing in­dus­try-level growth rates from Wipro? It (the turn­around) does take time. I have in­ter­me­di­ate time­lines in mind. Pub­licly, we are not talk­ing about how long it takes. It’s not some­thing that hap­pens to­mor­row, but it can’t take for­ever.

What are some of the things that need to be fixed on pri­or­ity? The things that needed to be fixed on an im­me­di­ate ba­sis — I had enough time to do that even be­fore the an­nounce­ment (of be­com­ing CEO) be­cause I was in the or­gan­i­sa­tion for over nine months. Now sta­bil­ity is there and now it is about ex­e­cut­ing on the strat­egy. You wouldn’t hear of more changes be­ing made. What you will hear is pe­ri­od­i­cally how we are pro­gress­ing on the strat­egy. Change has its own reper­cus­sions. I think we’ve done an ex­cel­lent lead­er­ship tran­si­tion.

So should we ex­pect con­sis­tency soon? Ab­so­lutely. You should be able to see a tra­jec­tory.

Is pric­ing pres­sure sig­nif­i­cantly im­pact­ing mar­gins? I wouldn’t call it a pric­ing war. What I would say is that if you are an in­cum­bent, you have to proac­tively say that new tech­nolo­gies are avail­able and with things like ro­bot­ics, I can do this faster, bet­ter and cheaper. You don’t do that as an in­cum­bent, some­body else will come and tell the cus­tomer that this can be done.

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