Bengaluru-based IT major Wipro has announced four global business lines as it looks to meet clients' evolving business needs and capitalise on emerging market opportunities amid a global economic downturn. The four business lines are around cloud, enterprise technology and business transformation, engineering, and consulting, and will be in effect from April 1, 2023.
That said, Wipro has realigned its two global business lines including iDEAS (Integrated Digital, Engineering and Application Services) and iCORE (Integrated Cloud Infrastructure (CIS), and Digital Operations (DOP) into four strategic units. In November 2020, the company said that it is looking at "a simple delivery model that will yield economies of scale".
Giving details of the new global business line model, the company said that Wipro FullStride Cloud will bring together the entire suite of cloud capabilities under a fully-integrated, full stack offering. Cloud native applications, cloud architecture, apps modernisation, cloud strategy and migration, as well as cloud infrastructure, will all be under this.
This unit will be helmed by Jo Debecker, who currently leads Wipro's cloud infrastructure services. He will assume the title of Global Head of Wipro FullStride Cloud, Wipro said in a statement.
The second realignment is in the company’s enterprise futuring line for large-scale digital transformation. As part of this, Wipro said it will offer insights and data, application platforms, digital operations, and cybersecurity, and will be headed by Nagendra Bandaru, who currently heads the iCORE business.
Bandaru will work to improve Wipro's traditional enterprise transformation and operations business by leveraging advanced technologies, such as artificial intelligence, augmented reality, as well as reimagined and highly automated customer and employee experiences.
The third is Wipro’s Engineering Edge, which was launched in 2022, and will be a standalone business line headed by Harmeet Chauhan. “He will continue to scale and strengthen Wipro’s engineering prowess, with expansion of capabilities and offerings in technologies, such as Cloud, 5G, Industry 4.0, Internet of Things (IoT), silicon design, embedded systems, data and AI platforms, among others,” said the company.
Wipro’s Consulting line will include its management and technology arm Capco, design firm Designit and domain and consulting business. It will be headed Capco CEO Lance Levy and Wipro’s domain and consulting head Philippe Dintrans.
In a statement, Wipro managing director and chief executive officer Thierry Delaporte said that our transformation journey over the past three years has yielded outstanding growth for our business. So much that we have outgrown the two-business line model that we had set at the beginning of our journey.
According to him, the new model will accelerate speed-to-market, streamline decision making, and allow the company to channel investments more effectively and efficiently.
Wipro has clocked an annual revenue of around $11 billion in 2022, a 7.45% increase year-over-year and a 23.1% increase from 2021.