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Wipro Ltd had posted its ‘best’ quarterly earnings, with chief executive Thierry Delaporte steering a turnaround of the software services provider that has lagged behind its rivals for much of the past decade. His efforts, albeit, have been helped by a global embrace of digital technologies.
The Bengaluru-based company said fiscal first-quarter profit rose 35 per cent to Rs 3,230 crore from a year ago, beating analyst estimates by a wide margin. Revenue grew 22.4per cent to Rs 18,250 crore in the three months to 30 June. Analysts expected profit and revenue of Rs 2,826.2 crore and Rs 17,602.6 crore, respectively, according to a Bloomberg survey.
Delaporte, who completed a year in office this month, is executing a five-point strategy, including prioritizing sectors and markets, strengthening relationships with strategic clients and partners, enhancing the portfolio of business solutions, building talent at scale, and simplifying the operating model to accelerate growth.
The disruptions caused by the pandemic have accelerated digital adoption by companies, offering new opportunities for companies such as Wipro.
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