Wipro banking on Holmes to become more profitable

Bengaluru: Wipro Ltd expects its artificial intelligence platform Holmes to offset the pricing decline in commoditized outsourcing contracts, a development that could help India's third-largest software services firm arrest falling profitability in the current financial year. "We are currently deploying Holmes very aggressively," K.R. Sanjiv, the chief technology officer at Wipro, said in an interview. "Overall profitability is a function of many things, the pricing, how we structure the contracts. But certainly hyper automation should result in a beneficial impact and you can see the first meaningful impact by the end of March 2017." The comments should bring some relief to Wipro investors.