‘Wipro to rebound as market recovers; top exits no worry’

livemint.com:

GURUGRAM : Wipro Ltd will return to a “great level of growth" when market conditions improve, chief executive officer Delaporte said in an interview where he defended his leadership style and dismissed worries about senior-level exits. The statement from Delaporte, who took over as Wipro boss in July 2020, comes at a time when at least half a dozen brokerages expect Wipro’s full-year revenue to decline this fiscal year. “There is nothing inside the company that would make us grow less now than two years ago.

So, there is no doubt that when the market is going back, we’ll get back to a great level of growth," Delaporte said at the Wipro office in Gurugram. Delaporte said he is not worried about a series of senior management exits because he is trying to transform the company, and some people who are not aligned with these objectives would leave. “If you want to change an organization, you have to bring new talent into the organization.

There’s no way applying the same recipe to the same people will deliver different results. The fact that people leave is okay. We are retaining the talent we need to retain," said Delaporte, who is based out of Paris.

Wipro, which clocked $11.2 billion in revenue last year, offers quarterly revenue forecasts but not that for the full year. In the June quarter, its quarterly dollar revenue fell 2.1% from the March quarter, and it expects September-quarter revenue to fall up to another 2% in constant currency terms. Wipro will declare its second-quarter earnings in October.