News on Medial

FY24 one of the most challenging in company’s history: Wipro’s Rishad Premji

Livemint · 4m

IT services company Wipro Ltd faced numerous challenges in FY24 due to a volatile global economic climate, affecting its clients' technology spending. Chairman Rishad Premji, in the company's annual report, acknowledged the difficulties and emphasized their commitment to investing in their future and remaining dedicated to innovation. Despite a change in leadership and a decline in revenue and profitability, Wipro aims to be at the forefront of the artificial intelligence (AI) transformation. The company has already deployed AI internally, training employees, and developing AI-powered offerings. Wipro's focus areas for growth include large deals, client relationships, talent development, and client centricity.