Rishad Premji, Chairman, Wipro
Wipro will sharpen its focus on AI-led transformation, enterprise platforms and consulting as clients move from experimentation to execution, Chairman Rishad Premji and CEO and MD Srini Pallia said at the company’s 80th Annual General Meeting (AGM) on Wednesday.The company said it is continuing to invest in AI capabilities, platforms, partnerships and talent while maintaining its focus on margins and cash generation, even as the broader IT industry remains cautious.Highlighting the changing enterprise technology landscape, Premji said AI represented “a fundamental shift of our time” and was creating new opportunities for innovation, transformation and growth.“We believe AI represents a fundamental shift of our time. Alongside efficiency gains, it is creating new opportunities for innovation, transformation and growth while accelerating demand in areas such as data, modernisation and AI-powered IT. Our clients have moved beyond pilots and begun embedding AI into core business processes and operations,” he said.For FY26, Wipro’s IT services revenue declined 1.6 per cent in constant currency to $10.5 billion, while total bookings rose 14 per cent to $16.4 billion. Large-deal bookings increased to $7.8 billion, including four deals with a total contract value of more than $500 million. The company also expanded its operating margin to 17.2 per cent.Long-term journeyPremji said realising business outcomes from AI required more than deploying technology. Enterprises would need to reimagine processes and workflows, modernise data and enterprise architecture, and bring people along during the transformation. He added that this would be a long-term journey requiring new capabilities, operating models and responsible AI governance.He said Wipro continued to invest in AI capabilities, platforms, partnerships and talent through Wipro Intelligence, its unified suite of AI-powered platforms, solutions and offerings. The company is also deploying AI internally, with a significant majority of its workforce having completed advanced AI learning pathways while building capabilities such as exponential engineers, AI architects, and forward-deployed engineers.Meanwhile, CEO Pallia said AI adoption was accelerating rapidly, and clients were increasingly seeking measurable business outcomes.Pace of change accelerating“Today, as AI adoption accelerates, we are moving forward with clear intent. AI is reshaping how companies operate, compete, and grow. The pace of change is accelerating, and expectations are much higher.”
