Because of AI, Wipro is "a little more" enthusiastic about the next fiscal year

Because of AI, Wipro is "a little more" enthusiastic about the next fiscal year

Because of AI, Wipro is "a little more" enthusiastic about the next fiscal year

In an interview at the World Economic Forum in Davos, Switzerland, Suzanne Dahn said, "Most customer conversations are about cost-saving attempts and every now and then the conversation is about AI."

As more customers invest in artificial intelligence (AI) to save operational expenses, Wipro is feeling "a little more" confident about its next fiscal year, the head of the Indian IT company's Americas 2 division told Reuters on Wednesday. Yes, we do.

In an appearance at the World Economic Forum in Davos, Switzerland, Suzanne Dahn said, "Most interactions with clients are about cost-saving efforts as well as every now and then the conversation is about AI."

"A lot of them are still using the cloud, but they now understand the advantages of AI and are adding features to increase productivity."

Americas 2, which comprises Canada, banking, and insurance, generated almost 30% of Wipro's overall revenue during the third quarter of its fiscal year, which lasted from October to December.

The fourth-biggest IT business in India, Wipro, is likely to have a challenging year. It predicted last week that this quarter's constant currency revenue would stay between 1.5% and 1.5%, suggesting that full-year sales may decline for the first time in three years.

2024 will be a "pivotal year" for clients to use generative AI technology, according to America 1 CEO Srini Palliya, who also predicted that this would propel development in the AI category.That would probably resemble the Gartner experts' hockey stick-shaped prediction.

Americas 1 generates almost one-third of Wipro's revenue and includes retail, healthcare, transportation, and Latin America.

This month, the Times of India revealed that Thierry Delaporte, the CEO of Wipro, was being groomed to be succeeded by three internal candidates, including Palliya and Dain.

Palliya wrote this down as mere "speculation".

When asked why Wipro hadn't closed any megadeals worth more than $500 million in this fiscal year, Palia said that the business had "good pipeline" and that some of the bigger outsourced contracts had been split up into smaller ones that were won by other IT companies.

Stephanie Trotman, the head of the Wipro mega-deal team, left the company in December.