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Wipro: Not yet on the recovery path

Wipro's performance is within the company's own guidance of -0.2 to 1.5 per cent growth

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Wipro

Ram Prasad Sahu

After the better-than-expected June quarter performance, Wipro's second quarter show disappointed as did its weak guidance. A 0.3 per cent sequential improvement in IT services revenues for a company that is looking at reversing its revenue growth performance compared to peers is not encouraging. While the performance is within the company's own guidance of -0.2 to 1.5 per cent growth, Wipro ended up close to the lower end of that band.

Compiled by BS Research Bureau

The 4.4-6 per cent fall in the performance of the healthcare and communications