We think Wipro's position in the IT services industry remains secure.
Wipro reported run-of-the-mill third-quarter results and gave mixed commentary about its near-term business outlook. For Wipro, calendar 2016 was characterized by a larger focus on the cost efficiency side of the business rather than the change side of the business where the firm is increasingly positioning its portfolio. Subsequently, this mix had an impact on revenue growth. While the company expects an uptick in client investments in calendar 2017 and is encouraged by its pipeline of business...Wipro is an information technology group based in India. Co. is engaged in the provision of information technology services. Co. is active as a global IT services company that provides a range of IT services, software solutions, IT consulting, business process outsourcing, or BPO, services and research and development services in the areas of hardware and software design to companies worldwide. Co. also provides outsourced research and development, infrastructure outsourcing and business consulting services. Co.operations are organized along two business segments: IT Services and IT Products.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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