Wipro’s Q3 print shows revival, but valuations may not be sustainable
Like its peers, Wipro has got the benefits of lower costs and better offshoring mix
Wipro continues to win large deals, which could aid revenue in the coming quarters
Wipro Ltd has been one of the slow-moving IT firms over the past few years, but with a new chief executive and tailwinds for digital transformation among clients, the firm was expected to reverse the course. To an extent, the company has got some growth back in the third quarter. The 3.4% sequential jump in Wipro’s revenue in constant currency terms was at the upper end of the company’s guidance.
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