Wipro Ltd. has a long way to go to attain a balanced position in the global tech markets, indicated Peter Bendor-Samuel, founder and CEO of Dallas-based Everest Group.
The global analyst in an interaction with The Hindu said the Bengaluru-based tech firm did not keep pace with its peers as the company has positioned itself as a low-cost provider over the decades while its peers remained more balanced and focused on value.
He added that Thierry Delaporte, the French CEO of Wipro who recently resigned a year ahead of his five-year contract, put it on a path of transformation and rebalance by increasing its focus on value. “To summarize, at this time Wipro does not successfully compete in the value-added part of the market. Unfortunately, being too focused on the cost-saving part means that it is more difficult for it to grow. To their credit, they are undergoing a transformation and putting significant investment into new capabilities. But, there is still a long way to go,” he said.
