Wipro is focused on strong profitable growth: Premji

Banglaore | Updated on November 25, 2017 Published on July 23, 2014

Azim Premji

Wipro Chairman Azim Premji today said the company is focused on strong profitable growth and has put in place adequate succession plans.

Addressing shareholders and investors in the 68th annual general meeting, Premji said the company will make investments that will help it grow- either organically or through acquisitions.

Last week, Wipro bagged a 10-year outsourcing deal from ATCO, a Canadian utilities company for $1.1 billion and also acquired the IT arm of ATCO.

The company has been optimistic about its business prospects this year when compared to last year, as the US economy has started showing signs of recovery. The US contributed 49 per cent of its revenues at the end of March this year.

He further added that the company is investing in its staff and succession plans for the leadership at Wipro “is strongly in place”.

The country’s third largest software exporter is looking to automate a lot of work and is training its employees in technology areas such as social, mobile, cloud and analytics (SMAC). Premji also said that sanction from Karnataka Government to start a new SEZ is long over due.

Earlier this month, he had met Chief Minister Siddaramaiah and urged him to speed up of departmental clearances, including those relating to environment and forest, as a part of setting up process.

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Published on July 23, 2014
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