According to Wipro CEO Theirry Delaporte, the IT industry’s growth would be mainly driven by next-generation technology and services, with sectors such as data, cloud, and cybersecurity likely to experience significant additional development.
Wipro has also finalised numerous acquisitions in major countries such as the US and Europe in the second half of FY21, which has helped the Bengaluru-based firm enhance its local footprint and service offerings, he added in a note in the company’s FY2020-21 annual report.
Because of the advent of new work patterns such as work-from-anywhere or crowdsourcing, cybersecurity has become a major issue for organisations, he continued, noting that Wipro has long assisted clients in navigating the whole spectrum of IT transformation. Hence, the significance of services and the next-generation technology is understandable and justified.
Delaporte, who took over as CEO in July of last year, stated that the firm is constructing a bolder tomorrow with a five-point strategy.
This involves speeding growth by prioritising the sectors and areas in which the firm works, fortifying clients and relationships by investing in strong personnel, and leading with business solutions that enrich the organization’s portfolio.
As part of this approach, the firm will also focus on creating talent at scale and streamlining its operational model in order to improve customer-centricity and agility. According to Delaporte, mergers and acquisitions have been an important component of the company’s business strategy.
The company’s largest-ever purchase, Capco, for USD 1.45 billion, the top executive noted, considerably improves the company’s position in the worldwide financial services industry. The acquisition, which was announced in March of this year, also enables Wipro to bring on board some exceptional domain experts and talent in that space, he added.
Thus, we can safely assume that the importance of services and next-generation technologies is enormous.
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Hello, my name is Anuj Boruah. I am quite interested in writing about current events in business, finance, and the economy. I work as a newswriter at Reviewminute.
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