Wipro's Rishad Premji: Deal Conversion Key to Unlocking AI Revenue Amidst Growth Challenges

• Wipro Chairman Rishad Premji highlights that converting AI-led ideas into real organizational impact is the industry's main challenge, not idea generation.
• Premji notes that deal conversion delays are impacting revenue, despite Wipro's latest quarter meeting midpoint guidance and achieving strong margin expansion.
• The company's order pipeline is healthy, driven by transformation, cost optimization, and AI, with order bookings up 25% YoY and large deal bookings up 75% YTD.
• Wipro is reorganizing delivery with 'Wings' for operations and 'Vega' for building software, and is focusing on consulting-led AI implementation across industries.
• Wipro is heavily investing in AI fluency, training 100% of employees on basic AI skills, with 95,000 on advanced skills and 80,000 on mastery.

Why It Matters: Wipro believes converting deals into revenue is crucial for AI growth, despite current challenges and a strong pipeline.