aims to sharpen its focus on becoming a consulting-led, artificial intelligence (AI)-powered organisation, its executive chairman Rishad Premji told shareholders.

Addressing the Bengaluru-based company’s 79th annual general meeting through videoconferencing on Wednesday, the son of billionaire promoter Azim Premji said 2024-25 was a year of significant change for Wipro as well as the world.

“We know the external environment may stay uncertain. But resilient businesses are built during times like these… The macro landscape kept shifting, and technologies like AI were scaling rapidly,” said Premji. “We’re sharpening our focus on becoming a consulting-led, AI-powered organization.”

He highlighted that Wipro’s acquisition of Capco in 2021 gave the company a strong start in financial services consulting and helped in expansion across other industries.

The comments came a day ahead of Wipro’s first-quarter earnings scheduled to be announced on Thursday.

On Wednesday, Wipro’s shares closed 2% higher at Rs 262.70 per share on the BSE.

Since last week, larger rivals Tata Consultancy Services (TCS) and HCLTech have reported subdued quarterly revenue and profit numbers, respectively, as US tariffs-related uncertainty continued to drive cautious spending by clients of the software service providers.

Wipro, the fourth largest software services provider in the country, reported revenue of $10.5 billion for 2024-25.

“Starting from FY26, we expect to return to shareholders at least 70% of the net income cumulatively over a three-year period,” Premji said.

Chief executive Srinivas Pallia, who completed one year at Wipro’s helm in April, said as the uncertainty deepened in the fourth quarter of 2024-25 with new headwinds led by tariffs, Wipro is helping its clients define roadmaps, identify AI opportunities and align with their business goals from the start.

“We also invested heavily in talent and leadership development through the Wipro Leadership Institute, we are developing high potential talent, moving top performers into critical roles, and we launched a sponsorship programme to help in their growth journey with AI first and AI everything as a guiding approach,” Pallia said.

Wipro has built more than 200 agents in partnership with its hyperscalers, he said, adding that Agentic AI is making a tangible impact across the company’s internal operations including human resources, finance and legal.