Wipro’s Slow Growth to Test Investors’ Patience

Wipro’s September quarter performance was subdued on both financial and new-deal fronts.

The dollar-denominated revenue of the country’s fourth-largest software exporter shrank for the second consecutive quarter while the total contract value (TCV) of new deals fell significantly quarter-on-quarter. In comparison, its larger peers Tata Consultancy Services (TCS) and HCL Technologies (HCLTech) reported sequential revenue growth of 0.2% and 2%, respectively, and showed sustained traction in order flows.