#GreyhoundInMedia: Wipro (@Wipro) disappoints in Q2; misses Street estimates #Press #Media @bsindia

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Wipro, India’s third-largest information technology (IT) services company, met its revenue growth forecast for IT services on Wednesday, but it disappointed on several parameters.

“With a sequential growth of 1.8 per cent, we believe that this quarter has been poor and far from industry standards,” said Sanchit Vir Gogia, chief analyst and chief executive officer, Greyhound Research. “Their business continues to be a well-balanced portfolio between infrastructure and application services, but BPO, product engineering and ADM (application development and maintenance) continue to decline,” he added.

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