Wipro shedding low-margin and non-core units to match its peers

Once seen as one of the least profitable among the top four in information technology (IT), the Azim Premji-led Wipro seems to be on the way to match its peers by hiving off or realigning low-margin and non-core units. 

In the past two years, the company has divested or rejigged four such units, the latest being the sale of two of its cloud-based personnel resource solutions to US-based Alight Solutions.

Last week, the Bengaluru-headquartered entity announced it would sell Workday and Cornerstone onDemand, part of its Appirio portfolio, to Alight for $110 million. Alight is also one of Wipro’s largest clients; last