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Founder and Editor, The Tech Capital
August 24, 2021 | 12:00 AM BST
Indian global ICT business Wipro (NYSE: WIT, BSE: 507685, NSE: WIPRO) has lost one of its longest serving business heads to Alphabet’s Google (NASDAQ: GOOGL).
Taking to the role of vice president for customer experience for Japan and Asia Pacific (JAPAC) at Google Cloud, Bhanumurthy Ballapuram ends his tenure at Wipro where he most recently served as president and chief operating officer from 2016 to early this summer.
He joined Wipro in 1992 as senior vice president from CMC. Based in Bangalore, he has been tasked with different roles including chief business operations officer (2011-12), senior vice president (2008-14), global head of business application services (2013-14) and chief executive officer (2014-2016).
At Google, Ballapuram will report to US-based John Jester, global vice president for customer experience.
In a statement, Google Cloud said: “Bhanumurthy will partner with our regional leadership, including Karan Bajwa for APAC and Tomoyuki Hirate for Japan, to further our commitment to the success of our customers and continue to advance Google Cloud’s enterprise momentum in the market.”
Ballapuram said in a recent LinkedIn post: “I have spent about half of my total life at Wipro – a world-class organization.
“I retire from Wipro today with very fond memories and many learnings. It has been a fantastic organisation with amazing leaders and teams. Proud to be a Wipro alumnus.”
In JAPAC, Google currently operates cloud regions with three zones in Mumbai, Delhi, Hong Kong, Taiwan, Seoul, Tokyo, Osaka, Singapore, Jakarta, Sydney, and Melbourne.
The public cloud provider currently has no plans announced for further expansion in the region as it focuses its efforts in opening new sites in Doha (Qatar), Toronto (Canada), Paris (France), Milan (Italy), Santiago (Chile), Madrid (Spain), Turin (Italy) and Columbus (US).
Wipro announced its quarter two results on July 15, posting ₹182.5 billion ($2.5 billion), an increase of 12.4% in quarter-on-quarter gross revenue and 22.4% on year-on-year revenue. The business’ IT services segment revenue was at $2,414.5 million, an increase of 12.2% QoQ and 25.7% YoY.
In June, Wipro issued its first-ever dollar denominated bond offering of $750 million with a five-year tenor.
For the third quarter, the company said it expects revenue from its IT Services business to be in the range of $2,535 million to $2,583 million. This translates to a sequential growth of 5.0% to 7.0%.
Wipro’s stock in the NSE India has grown just north of 130% on year-to-date volumes as of the time of writing.
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