We Think Wipro's Position in the IT Services Industry Remains Secure
Wipro reported an in line end to the fiscal year with guided IT services revenue landing in the middle of our expectations. The overall yearly performance was characterized by middling top-line growth as the firm continued to restructure and transform the business toward being a high growth and in-demand provider of digital transformation services. We see this pivot as being a successful counterbalance to the legacy application and engineering outsourcing business, and the firm recorded year-ove...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.
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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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