- Wipro CFO Aparna Iyer says AI has not yet reduced IT budgets significantly
- Clients use existing efficiencies to fund AI investments through vendor consolidation
- Wipro did not report AI-specific revenue in its FY26 financial disclosures
With artificial intelligence becoming more than a buzzwordi n the Indian IT space, Wipro's top executive are dismissing concerns of an immediate deflationary impact on IT budgets, pointing out a surge in AI-driven productivity and vendor consolidation.
Speaking to NDTV Profit, Wipro CFO Aparna Iyer noted that clients are currently leveraging traditional efficiencies to fund their AI ambitions.
"A lot of the deals that we are seeing in the pipeline are vendor consolidation, cost take-out led still. And clients are using this opportunity looking at their existing work that's being delivered to say, how can we drive higher productivity, create that savings so as to be able to invest in AI," she said.
However, unlike its peer Tata Consultancy Services, Wipro did not disclose any AI-led revenue figures in its FY26 financial disclosure.
ALSO READ: Wipro Q4 Results: Net Profit Rises 12%, Revenue In Line With Estimates
Iyer, though, remains confident that in the overall pricing and revenue environment, even though she acknowledged purely expansionary AI projects are still in their nascent stages.
"So, I would say that overall it's right now not deflationary to be called out. Obviously, it's still early days and we will have to see for the—wait for the opportunity around expansionary piece of AI to play out fully," she stated.
​CEO and Managing Director Srini Pallia, meanwhile, added that AI is already deeply integrated into the company's core service offerings.
"These areas are AI, data, and cloud, which is very predominant. So, to me, the opportunities going forward is not only leveraging AI for reimagining the client process but also demonstrating AI in their run and operate and change and transform programs as well," Pallia said.
He went on to talk about the complex rollout of enterprise AI, highlighting Wipro's focus on security and transparency.
"AI-first" deployment frameworks. "Enterprises wanted to make sure that the AI that they're going to deploy is reliable, secure, ethical, and responsible, right? And it has to be within the guardrails. Our strategy has been: build a Wipro Intelligence platform which is within the guardrails, which is very safe and secure for our clients to adapt," he noted.
​Far from eliminating the need for traditional IT services, Pallia believes the technology will create a vast new ecosystem of management and oversight needs.
"Today, coding is not going away. Code is not going away. AI is generating more code. So there are opportunities to manage that code. There is opportunities to manage AI in the context of model building and operating those models, managing those models, data curation, bringing the data to implement AI," Pallia concluded.
ALSO READ: Wipro's Rs 15,000-Crore Buyback: How Retail Investors Will Be Impacted By Promoters' Participation
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.