Earlier in 2020, Abidali Neemuchwala stepped down from Wipro's top post citing family commitments. He led the firm for four years, a period when the revenue growth stagnated and it lost its tag of being the Top 3 Indian IT firm to HCL Technologies. The market share kept falling further and further behind the rapid growth of TCS and Infosys. A quick comparison of the revenue growth between 2017-19 tells us the entire story.
Phil Fersht, HfS Research
It all happened when Abid Ali Neemuchwala had set its target to achieve $15 billion revenue by 2020 when he joined Wipro as CEO in 2015/16. The FY2020 number, however, hovered around the ~$8 billion mark.
How analysts are seeing this change?
Rachael Stormonth, NelsonHall
Thierry Delaporte brings to Wipro huge operational management experience from Capgemini , which was also the management training ground for Infosys CEO Salil Parekh.
Phil Fersht, HfS Research
[Thierry Delaporte] is an ambitious business leader with a strong finance background. He will bring strong operational and fiscal discipline to Wipro and has a lot of energy and leadership capabilities.
Peter Bendor-Samuel, Everest Group
Thierry [Delaporte] is an interesting choice for Wipro, signalling its move to be a true multinational and global player. Thierry faces many challenges as he assumes Wipro leadership; the biggest amongst them is to get Wipro back to industry-leading growth. To achieve this, he must increase accountability, and streamline decision making.
Ray Wang, Constellation Research Inc
Thierry [Delaporte] is a global leader and has worked with multiple cultures, across different types of companies. He has experience in the international environment and worked in similar types of company cultures.
Pareekh Jain, EIIRTrend
[Thierry] Delaporte will be expected to bring in large deals momentum, which Wipro needs. He will also be expected to bring-in stability.