Wipro management 'aligned with board on targets, achievements': CEO Delaporte

The Wipro CEO refrained from commenting on the media reports but highlighted his ongoing communication with key stakeholders. He said, "I would certainly not comment on what you read in the press, but we are constantly interacting with the promoters, board members, or the executive committee team. I am in constant interaction on multiple fronts and very pleased with the level of our interaction; that is all I can tell you."

Delaporte further expressed satisfaction with the level of interaction, noting, “I feel that I am in an environment where I absolutely need to do my job and drive the organisation forward.”

He voiced confidence in the team, stating, “We are reflecting on what is going well, what can be improved, so I think there is strong alignment on what we have done, the achievements we have made, what we still need to continue to do, and the priorities to address over the next quarters. So I am very pleased about this alignment overall.”

“I feel I'm in the right environment to drive the company forward,” he added.

Delaporte sounded optimistic about his role and tenure, stating, “I think I am going to have these kinds of questions until the end of the term; that is the rule of the game. I love what I am doing; I have a great team. We have done a fabulous job over the last few years and are very positive about what is ahead of us.”

He was appointed as the CEO and MD of Wipro in July 2020 and has held the post since.

Earlier, Azim Premji, who owns a 73% stake in Wipro, expressed his disappointment in a private 45-minute meeting with CEO Delaporte ahead of a crucial board meeting on October 18, 2023. This happened after Wipro faced a series of setbacks, including cultural changes, declining growth, profitability issues, a trail of exits, and underperforming stock, as per a Livemint report on December 10, 2023.

Wipro Ltd. is now expecting revenue for the March quarter to be between a drop of -1.5% to a growth of 0.5% on a constant currency basis. The company's revenue in rupee terms stood at ₹22,141 crore, compared to ₹22,395.8 crore in the September quarter. The figure was marginally higher than the CNBC-TV18 poll of ₹21,989 crore.

Wipro's shares ended 4% higher ahead of the results at ₹466.10.