Wipro Gives Mixed Near-Term Outlook; Digital Position Remains Relevant, U.S. Shares at Fair Value
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...
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