Wipro is not yet ready for double-digit growth: Abidali Neemuchwala

Are slow growth days over?
The demand is much better so definitely the growth will be better. We did a lot better than we thought. We just have to pay a lot of attention to bankruptcies because in the last quarter we were hit hard by two (bankrupt) clients. We have some of our own challenges, such as the acquisition of HPS in the healthcare sector and the impact on the utility segment in the UK. In the future we will see growth. We are not yet ready for double-digit growth. Our gross growth would be high, but our decline in India and the decline in HPS would mitigate that. We have a good pipeline of large transactions. We talked about our strategic partnership with Alight (Solutions), which is an important agreement. The pipeline looks very robust.

How was the trip taking into account the challenges that Wipro faces?
The most important thing is that I had the opportunity to do is to reconfigure Wipro into a digital society. Our digital businesses currently account for approximately 28 to 29% of our overall business figure. It has experienced double-digit growth for the last eight quarters.

We had to develop our consulting business and that now accounts for 6% of our overall business. We had to improve the operation of our customers and this has been a historical problem. Our best customers have grown 7 to 8% per year, and the CQGR has been very good for the top 100 clients.