Wipro’s new CEO is doing a good job in increasing companies profits despite working from home

As everyone might have heard, Wipro Ltd. received its new chief executive officer five months ago in the form of 53-year-old Thierry Delaporte. But the pandemic has been getting in the way of the guy’s business. As it is reported, the new CEO of Wipro has been on a virtual tour from his home, visiting managers, workers, and customers worldwide.

Due to Covid-19, businesses worldwide have been struggling to meet their targets, and Wipro is no exception. But the new CEO has been trying his best to uplift the struggling business without letting the Covid-19 pandemic slow him. And things are looking good for the company since the appointment of the new guy.

According to sources, Wipro has rallied about 70% of its stock since his appointment. It’s a big achievement for Wipro, but the CEO believes it is just the beginning. He hopes to get Wipro back on track after years of tumult and stagnating financials.

“There’s a particular momentum in the industry just now, and I want to drive that urgency to put Wipro back where it belongs. I know I’m good at one thing – getting things done. We know what we need to do to make it work. In my Year One, we’ll accelerate growth; in Year Two, we’ll be at the growth level of our competitors; and in Year Three, we will outdo.”

Wipro’s shares are majoritively owned by billionaire Azim Premji and have been lagging in its performance. While the company has been performing significantly well, it is still nowhere near its competitors like Infosys, Tata Consultancy Services, and HCL.

Delaporte has put together a new deals team, which is responsible for going after big client contracts. Reports indicate that Wipro has managed to claim orders from European clean energy producers Fortum Oyj and E.On SE. It has also stepped up its acquisitions by signing more deals in the past five months compared to the past five years. The CEO also claims that the acquisitions have only begun, and there are new deals on the way.

source

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

More like this

Narayana Murthy and Family Face Rs 1,850 Crore Loss...

In a surprising turn of events, Infosys co-founder Narayana Murthy and his family have faced a significant...
Wipro Q3 Results: 24.4% Profit Surge & Rs 6 Dividend Revealed!

Wipro Q3 Results: 24.4% Profit Surge & Rs 6...

Wipro, one of India’s top IT companies, has delivered an impressive performance in the December 2024 quarter....

Wipro Bonus Shares: Complete Guide to 1:1 Bonus Issue...

Wipro Limited, one of India's leading IT companies, has marked a significant milestone with its latest bonus...
Narayana Murthy: Why Hard Work Beats Work-Life Balance!

Narayana Murthy: Why Hard Work Beats Work-Life Balance!

In a thought-provoking statement at the CNBC Global Leadership Summit on November 15, 2024, Narayana Murthy, co-founder...

Wipro Share Price Update: Board to Address Share Bonus...

Wipro Share Price Wipro Ltd has announced that its Board of Directors will consider issuing bonus shares in...

LATEST NEWS

HMD Unveils Fusion X1: A Safe Smartphone with Parental Controls

HMD Fusion X1: As digital safety concerns continue to rise, HMD Global has introduced a new smartphone tailored for children: the HMD Fusion X1....

Infinix Elevates AI Game with DeepSeek-R1 Integration

Infinix is taking a bold step into the future of artificial intelligence by integrating DeepSeek-R1, an advanced reasoning model, across its smartphone lineup. This...

Free Fire OB48: Revolutionizing Mobile Battle Royale in 2025

In the dynamic world of mobile battle royale, few updates generate as much excitement as Free Fire’s OB48 release. This isn’t just another patch...

Fortnite Armored Van Hijack: Your Ultimate Survival Guide

In the adrenaline-pumping world of Fortnite Chapter 6’s Lawless season, survival is an art form, and looting is a strategic masterpiece. The introduction of...

Featured