New Delhi, April 17 -- Wipro's March quarter (Q4) performance was weighed down by macro uncertainties and client-specific execution delays. Sequential constant currency (CC) revenue grew 0.2% - at the lower end of the 0-2% guidance - and missed the consensus estimate of 0.9%.
Revenue growth was uneven and led by the verticals of technology & communications, consumer, energy, manufacturing and resources. The miss was due to headwinds in the organic business in the America region.
This included slower deal ramp-ups, issues in select BFSI accounts and a sharp decline in the healthcare segment due to seasonality and policy changes. Manufacturing continued to be affected by pressure from tariffs and demand uncertainty. Wipro's revenue declin...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.