New Delhi, April 17 -- Wipro Ltd's turnaround plan could be jeopardised by any potential adverse impact in the global economic scenario, which is marred by trade tariffs. The objective of the IT company's revamped strategy was to boost its revenue trajectory that has been lagging larger peers lately. So, in the past year, Wipro has taken several corrective measures under the leadership of new CEO Srinivas Pallia.
But even before trade tariffs were announced, concerns around clients' discretionary technology spending had not eased for the IT sector. Now, the demand scenario has become tougher to predict. Wipro is feared to feel more heat than other tier-1 IT companies because of a higher exposure to discretionary services after consulting...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.