Tuesday, July 19, 2016

#wipro projects weak outlook up for Q2

Wipro expects revenue to grow between 0.1 per cent and 1 per cent in Q2 ending Sep.

Britain's decision to quit the EU "could delay some discretionary spend and create some slowdown in the European financial services sector," said Chief executive officer Wipro Abidali Neemuchwala.

Jatin Dalal, Chief Financial Officer, said – “IT Services margins reflect the investments in rewarding our
employees as well as the impact of consolidation of our acquisitions for the full quarter. We continue to expandthe reach of our automation programs to harness efficiency gains.”