BENGALURU: Wipro mentioned on Thursday that Jatin Dalal has resigned as chief monetary officer to pursue different alternatives after greater than twenty years with the corporate.
Dalal will likely be replaced by Aparna Iyer, additionally a 20-year veteran who was most lately senior vp and CFO of Wipro’s cloud companies unit, the corporate mentioned.
While Iyer will take over as CFO on September 22, Dalal will keep on till Nov. 30, Wipro mentioned.
Dalal, who grew to become CFO in 2015, and CEO Thierry Delaporte guided Wipro via the pandemic years as demand for digital companies boomed.
The firm’s inventory surged 57% in 2020 and 85% in 2021. However, it gave up a bit of these beneficial properties final yr as demand waned.
In July, Wipro and its bigger friends flagged an unsure surroundings as purchasers reduce spending, and the corporate mentioned income from IT companies would stay largely flat within the present quarter.
Indian IT firms are seeing delays in deal closures, order rampdowns and cancellations resulting from recession worries of their key US and European markets.
However, Goldman Sachs lately mentioned it expects the sector’s income progress to select up, pushed by pent-up demand and the affect of adopting generative synthetic intelligence (AI) tech.
Delaporte mentioned in a press release that Iyer has been integral to Wipro’s finance transformation over the previous few years.
She has performed “a key role in our financial strategy and planning, investment programs, and transformation initiatives,” Delaporte mentioned.
Wipro’s shares have risen a shade over 9% to date this yr, underperforming a 15% rise within the broader Nifty IT index .
Dalal will likely be replaced by Aparna Iyer, additionally a 20-year veteran who was most lately senior vp and CFO of Wipro’s cloud companies unit, the corporate mentioned.
While Iyer will take over as CFO on September 22, Dalal will keep on till Nov. 30, Wipro mentioned.
Dalal, who grew to become CFO in 2015, and CEO Thierry Delaporte guided Wipro via the pandemic years as demand for digital companies boomed.
The firm’s inventory surged 57% in 2020 and 85% in 2021. However, it gave up a bit of these beneficial properties final yr as demand waned.
In July, Wipro and its bigger friends flagged an unsure surroundings as purchasers reduce spending, and the corporate mentioned income from IT companies would stay largely flat within the present quarter.
Indian IT firms are seeing delays in deal closures, order rampdowns and cancellations resulting from recession worries of their key US and European markets.
However, Goldman Sachs lately mentioned it expects the sector’s income progress to select up, pushed by pent-up demand and the affect of adopting generative synthetic intelligence (AI) tech.
Delaporte mentioned in a press release that Iyer has been integral to Wipro’s finance transformation over the previous few years.
She has performed “a key role in our financial strategy and planning, investment programs, and transformation initiatives,” Delaporte mentioned.
Wipro’s shares have risen a shade over 9% to date this yr, underperforming a 15% rise within the broader Nifty IT index .
