Rishad A Premji, chairman of Wipro, described FY24 as one of the company’s toughest years, highlighting struggles in securing major contracts despite enduring profitability and revenue declines. New CEO Srinivas Pallia, who assumed office in April 2024, has swiftly influenced client relations and energized deal teams, according to analysts. Despite recent successes like a $500 million deal with a US communication service provider and a transformative deal with Nokia, Wipro faces internal challenges such as talent retention and morale issues.
Wipro Faces Challenges Amid Leadership Change and Market Dynamics
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