Azim Premji announces four technologies that Wipro will focus on as he bid adieu

• Wipro founder Azim Premji had earlier in June announced his resignation from his post of executive chairman and Managing Director.
• Premji said that Digital, Cloud, Engineering Services and Cyber Security would be areas of big investments for Wipro.
• He also added that the operating margins of the company had improved by 1.8%.

Wipro Chairman Azim Premji attended his last annual general meeting and addressed its employees and shareholders. Premji mentioned that Digital, Cloud, Engineering Services and Cyber Security are going to be the four big areas of investments for the company.

“To lead in this time of rapid change, we have sharpened our strategy into four pillars based on what our clients need i.e. Business Re-imagination, Engineering Transformation and Modernization, Connected Intelligence, and Trust. In order to build capabilities that are needed to deliver these strategies, we have been investing significantly in four areas - Digital, Cloud, Engineering Services and Cyber Security,” he said according to reports.

He also addressed that technology in terms of going digital and artificial intelligence is the need of the hour and that employees at Wipro have been reskilled to do so.

The company which is in its 75th year, had organised its 73rd AGM.

Azim Premji, founder of Wipro, had resigned from his post of executive chairman and Managing Director. His son Rishad Premji, who is currently on the board of Wipro and its Chief Strategy Officer, will be taking over as executive chairman.

Premji Senior will continue to be on the board of the company. He had served as the executive chairman of the IT giant for a long period of 53 years.

Premji also gave stock of the company’s financial reports during his speech. He said that the operating margins of the company had improved by 1.8%.

“On a full year basis, we grew 5.4 percent in constant currency. Two of the business units - BFSI and CBU grew by 16 percent and 10 percent respectively. Our digital revenues grew by 33 percent YoY in constant currency. We won our largest ever deal of $1.5bn from Alight in US,” he said.