Wipro data charts: As Wipro gets a new CEO, a look at its woes in four data charts

April 8, 2024

, By Ranjit Shinde

Wipro data charts: As Wipro gets a new CEO, a look at its woes in four data charts

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Srinivas Pallia, who replaced Thierry Delaporte over the weekend, has an unenviable task to regain revenue momentum, which has hit a low relative to peers without any room to tweak operating margin.

Operating margins, too, are lowest among peers. And the change comes at a time when clients are in no mood to ramp up big budget transformation deals.

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Offering College	Course	Website
MIT	MIT Technology Leadership and Innovation	Visit
IIM Kozhikode	IIMK Advanced Data Science For Managers	Visit
Indian School of Business	ISB Professional Certificate in Product Management	Visit

Wipro op margin gfx

Steering the company back on the growth path amid an uncertain short-term demand scenario will be the foremost challenge.

On the operating margin front, though each of the country’s top four IT exporters have seen margin erosion, Wipro has reported the highest contraction of 570 basis points between December 2020 and December 2023 quarters.

Wipro revenue gfx

It had the lowest margin of 16% among top peers in the latest December quarter. This will make it necessary for the new CEO to hunt for projects that do not erode margins further and instead go for those projects that are margin accretive.

Discover the stories of your interest

Wipro profit gfx

The underperformance with respect to revenue, profit and margins has affected Wipro’s stock performance over the past two years. The company’s performance on bourses will be a major barometer that will decide the effectiveness of Pallia’s leadership in the coming years.

Wipro stock

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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Wipro data charts: As Wipro gets a new CEO, a look at its woes in four data charts

April 8, 2024

, By Ranjit Shinde

Wipro data charts: As Wipro gets a new CEO, a look at its woes in four data charts

Srinivas Pallia, who replaced Thierry Delaporte over the weekend, has an unenviable task to regain revenue momentum, which has hit a low relative to peers without any room to tweak operating margin.

Operating margins, too, are lowest among peers. And the change comes at a time when clients are in no mood to ramp up big budget transformation deals.

Elevate Your Tech Prowess with High-Value Skill Courses

Offering College	Course	Website
MIT	MIT Technology Leadership and Innovation	Visit
IIM Kozhikode	IIMK Advanced Data Science For Managers	Visit
Indian School of Business	ISB Professional Certificate in Product Management	Visit

Wipro op margin gfx

Steering the company back on the growth path amid an uncertain short-term demand scenario will be the foremost challenge.

On the operating margin front, though each of the country’s top four IT exporters have seen margin erosion, Wipro has reported the highest contraction of 570 basis points between December 2020 and December 2023 quarters.

Wipro revenue gfx

It had the lowest margin of 16% among top peers in the latest December quarter. This will make it necessary for the new CEO to hunt for projects that do not erode margins further and instead go for those projects that are margin accretive.

Discover the stories of your interest

Wipro profit gfx

The underperformance with respect to revenue, profit and margins has affected Wipro’s stock performance over the past two years. The company’s performance on bourses will be a major barometer that will decide the effectiveness of Pallia’s leadership in the coming years.

Wipro stock

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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Base hits $4B TVL as monthly txs outstrip Ethereum and Arbitrum

Next News

Now, Non-IIT, IIM Graduates At The Helm Of Indian Unicorns’ Growth Story

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