Home Economy Wipro aims to accelerate mergers and acquisitions

Wipro aims to accelerate mergers and acquisitions


Wipro goals to speed up the tempo of mergers and acquisitions to amass newer capabilities, experience and market positioning, stated CEO Thierry Delaporte. “We are in a market where size matters. We want to bring in better capabilities, expertise and market position. M&As will be a strategy in this direction,” Mr. Delaporte stated in a digital analysts’ meet on Wednesday.

He stated following his interactions with over 120 shoppers over the last 4 months, the shoppers indicated that they had been on the lookout for tech companions who can disrupt them, make daring adjustments and assist them make course corrections.

Responding to an analyst question on modified market focus, Mr. Delaporte stated, “Our growth was led by one geography and our priority now is to drive and accelerate growth in specific geographies and sectors and to win larger deals. We want to renew our ambition for Europe, the Middle East and Asia.”

Commenting on the way forward for work, Wipro Chairman Rishad Premji stated a hybrid mannequin, a mixture of going-to-office and working-from-home, is the way in which ahead.

“Fewer than 3% of our employees come to the office today. We virtually onboarded 18,000 employees in the last seven months. Technology is key to survival and driving resilience in business. The pace of transformation has accelerated, and it has had a pervasive impact on the ways of working in retail, health and insurance,” added Mr. Premji.

On altering the worldwide market, Rajan Kohli, president, Wipro, stated, shoppers now not are on the lookout for system integration suppliers or strategic advisors. Instead, they need companions who can ship significant enterprise outcomes. “Clients care for productivity, velocity and business outcomes; the matrix that matters.”

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