Wipro staff have embraced changes: Kurien

BANGALORE, INDIA: Organizational changes in Wipro Limited that were effected from early last year were truly underway, said chief executive officer T.K. Kurien at the company’s third quarterly results announcement here on Friday.

And he attributed the company’s reduced attrition rate by 9 per cent over the last two quarters to employees accepting and adapting to the changes.

“Ours (attrition rate) is the best in the industry, as of now. Our employees have embraced changes and we are also engaging them well,” reckoned Kurien.

The CEO said that they believed that the major net disruption would come about in the intersection of cloud, analytics, big data and mobility. “We expect strong growth in cloud-based services. On mobility space, too, we are seeing a lot of action.”

In Europe, he said that they were witnessing budgets getting a little lower on the investment banking side, as the domain is stressed around the region. Despite that, Wipro has, apparently, been attracting active interest in outsourcing from Germany and France.

As the markets in Europe were specializing more in products and not so much in services, “We continue to see it (services) as an area of opportunity. We strongly believe that the market is going to open up,” he explained.

Kurien was, however, quick to point out that most of the customers had a flat or marginally negative budget. “The kind of expenditure in their discretionary spend is going to change. But I would see the glass half-full, as far as the demand is concerned. There will always be competition. You have to win some and lose some, but it is important to play. We want to do exactly that.”