Wipro: Ready For Tomorrow
With over 257,000 employees and clients across 65+ countries, Wipro once
again delivered on the promise of helping customers, colleagues, and communities thrive
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Wipro is a leading IT company in India driving innovation, creating jobs, and contributing
significantly to the country's technological advancement. By scoring higher on the
parameters of financial returns, trustworthy leadership, CSR and work culture, the IT/ITeS
major ensured its strong presence in the top 20 list of Most Respected Companies this year
as well.
Key Milestones
Wipro IT Services, one of the leading global information technology, consulting, and
business process services companies, reported impressive results for financial year 2022-
2023. The company achieved a significant milestone with its revenue crossing $11 billion,
representing a growth of 11.5 per cent in constant currency terms, and an addition of $800
million in revenues for the year. Order bookings in total contract value terms grew 28 per
cent year-over-year (YoY); Wipro finished the fiscal year with two consecutive quarters of
bookings of over $4.1 billion each. The company also signed 55 large deals with a total
contract value of $3.9 billion, growing 66.5 per cent YoY. Its IT services operating profits
were at their highest ever, in absolute terms, informed Thierry Delaporte, CEO and MD,
while addressing the shareholders.
Decade of AI
Wipro’s leadership firmly believes that the next decade will be the age of AI. It said it has
been investing ahead of the curve to understand AI and leverage its power inside Wipro, and
to create solutions for its clients. For two years now, Wipro’s Generative AI Centre of
Excellence has been conducting research with leading academic institutions, building
accelerators and solutions, frameworks like WeGA (Wipro Enterprise Generative AI),
developing competency through the Wipro AI Academy, and executing key pilot programmes
for its clients, said Rishad A. Premji, Chairman, Wipro, in his address to the shareholders.
ESG Commitments
The company stated that its ESG programmes were central to what it does as a business
today, while multiple initiatives are taking it closer to its stated goal of net zero GHG
emissions by 2040. In the past year, the company said it overshot its targets of reducing
Scope 1, 2 and 3 emissions. Sixty per cent of Wipro’s owned facilities now use renewable
energy
