Azim Premji, chairman of Wipro Ltd., left, listens during a session hosted by Time Magazine on the first day of the World Economic Forum (WEF) Annual Meeting in Davos, Switzerland. (Photographer: Andrew Harrer/Bloomberg)

Azim Premji Says Early Investments In Disruptive Tech Has Yielded Success

Wipro Chairman Azim Premji today said the information technology firm’s early investments in disruption has been yielding successful outcomes.

“We at Wipro are seeing our early investments in disruptive technologies increasingly result in successful outcomes with clients and markets, which are early adopters of such new age technologies ,” Premji said while addressing the 72nd Annual General Meeting of Wipro. “This journey has only just begun and we are continually calibrating and aligning ourselves to make our clients successful, and to be at the forefront of what our industry can offer.”

Since the start of 2017, most large economies have been doing better, while developments in technology have been gathering extraordinary pace, Premji said adding that the global signs are turing positive. “Growth expectations for India and some of our key international markets including U.S., countries in Europe and in Asia Pacific, are better than the year gone by.”

Organisations are becoming “nimbler” and are embracing technology to transform themselves and more importantly to transform their customer experience, he said.

Partnering with our clients in this transformative journey, enabled us to cross the $8 billion mark in IT services revenue during the financial year 2017-18
Azim Premji, Chairman, Wipro

Wipro remains committed to return 45-50 percent of its net profit to its shareholders, Premji said. Having said that, the value creation of an enterprise extends beyond financial capital, he added.