Brokerages flag weak growth visibility at Wipro
Brokerages on Friday highlighted weak growth visibility and execution challenges at Wipro following its January-March quarter results, with several pointing to subdued guidance, delayed deal ramp-ups and continued pressure on organic growth.
Three Years of Stagnation
Jefferies said the March quarter performance missed its estimates, while the company’s guidance of 0% to -2% sequential revenue growth in constant currency terms came as a negative surprise.
