 "Repeal of Obamacare a worry for Wipro, Cognizant")
As noise around repeal and replacement of Obamacare, the Affordable Care Act (ACA), gains steam, there will be a monumental pressure on two Indian IT giants - Wipro and Cognizant.
Wipro and Cognizant derive around 16 per cent and 29 per cent of their revenues, respectively, from the healthcare vertical as compared to 2.3 per cent to 12 per cent for its peers such as Tata Consultancy Services (TCS), Infosys and HCL Technologies. TCS and HCL Technologies club their revenues and hence the share of healthcare in their revenues would be even smaller.
“We have significant market share of the ACA business
