Business News, Strategy, Finance and Corporate Insight
IT major Wipro on Friday said that it is “pleased” with the current business momentum as revenues surpassed the $10 billion mark in FY22. “Crossing $10 billion in revenue is a significant landmark for us. We are now aiming higher. Revenue growth has been our fastest ever in absolute terms. We added 1/4th of our revenue just this year,” Thierry Delaporte, CEO and managing director, says during the company’s post earnings media briefing.
The firm’s order booking in annual contract value terms grew 30% on a year-on-year basis in FY22 and the company claims that it closed the year with the “highest ever” pipeline of deals. Wipro continues to see a healthy mix of large and mid-sized deals; while the flow of large, transformational deals remains intact, the company is also witnessing a rapid expansion in small and mid-sized deals. “This clearly represents growth in our existing accounts as well as expansion of our market portfolio,”…
