Facing hard times, IT cos fighting for mkt share: Kurien

Written by P P Thimmaya | Updated: Apr 20 2013, 06:01am hrs
Wipro CEO (IT business) TK Kurien says the industry is coming out of a spending environment which encouraged secular trends in terms of demand. Today all of us are fighting for

market share, he tells FEs PP Thimmaya & Debojyoti Ghosh in an interview, after declaring the Q4 and full-year earnings.

Despite posting tepid fourth-quarter numbers and providing a not so encouraging revenue guidance for the first quarter of FY14, Kurien feels the companys fundamentals remain strong with a clear focus on long-term growth.

The first thing to remember is that we have not missed our guidance. We always look at the entire portfolio and build all the risk into the bottom end and all the upside to the top end of our guidance. People will be initially disappointed with the guidance but days after the result, they are only worried about the future. We are in a long-term business and our key customers are growing, says Kurien.

Kurien says the demerger of the non-IT business will give the company more options, flexibility and focus. We are now a focused company in terms of technology. This also gives us the flexibility in terms of entering into partnerships and making investments. Earlier, there used to be a certain amount of confusion when we presented ourselves as a conglomerate but now as a focused organisation, it makes a big impact, he says.