When Bengaluru-based IT software major Wipro announced its December quarter earnings on January 18, the focus was not so much on the numbers but what the management had to say about its future strategy post its recent leadership change. It was another thing that the numbers weren’t anything to write home about. Dollar revenue grew by a mere 0.3%, sequentially impacted by the Chennai floods. However in constant currency terms, it grew by 1.4% meeting its guidance of 0.5-2%. The bright spot for the quarter was that the company managed to bag six new orders, largely driven by its global infrastructure services business. While the company indicated that the March 2016 quarter will be a better one with a revenue growth of 2-4%, analysts feel that a recovery is still some distance away for Wipro. Leading the recovery from the front will be its new CEO, Abidali Neemuchwala, who was elevated from his previous rank as the COO. Neemuchwala spent 23 years at Tata Consultancy Services (TCS) before joining Wipro in March last year and will take over in February 2016 from the incumbent head TK Kurien, whose five-year stint comes to a close. The appointment didn’t really come as a surprise to too many. “Abidali brings in some unique skills around core execution, which needs to be the focus of the company now,” says Kurien.
Can Abidali Neemuchwala put an end to Wipro's woes?
After relying on internal choices and battling below industry growth rates, Wipro turns to an outsider to turn its fortune around
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