Wipro bets on digital capabilities

Wipro bets on digital capabilities

Buoyed by crossing the milestone of $2 billion IT services revenues for the first time, Wipro, the country’s third largest IT services company on Tuesday said it is going ahead with its set goal of digital transformation and deal wins in other verticals.

“Digital revenues in Q2 constituted 24.1% of the revenues. It is driving our projects shifting from traditional to the digital areas in our larger clients,” Wipro CEO Abidali Z Neemuchwala said.

He said the company is performing well primarily because its digital capabilities are making an impact on almost all business verticals.

“Besides training employees on this front, we are helping our clients on this digital journey. This is reflected in the fact that one fourth of our revenues come from digital,” he said.

Even though energy, natural resources and utilities (ENU) registered growth, the company registered a good performance in second quarter backed by strong performance in banking, financial services industries (BFSI), communication and consumer verticals.

Neemuchwala said the company is impacted by the healthcare vertical as there is continuous uncertainty around Affordable Care Act in the US.

“We are expecting this to be bottomed out during Q3,” he said. The company trained over 12,000 employees on digital skills and more than 80,000 technical employees are trained on digital pods. A global pharmaceutical company has selected Wipro Digital to facilitate its transformation into a customer centric organisation.

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