Wipro Might See The Fastest Revenue Growth Among Other Corporate Companies
- ByStartupStory | August 2, 2021
Wipro might see the fastest revenue growth among other corporate companies. Wipro’s performance will be the first for the company in the nearly three-decade history of the Indian outsourcing industry, where it competes with Tata Consultancy Services Ltd, Cognizant Technology Solutions Corp., Infosys Ltd, and HCL Technologies Ltd. An industry-leading 12.2% sequential revenue growth in the June quarter has set up the Bengaluru-based company, spearheaded by chief executive Thierry Delaporte, firmly on course for the rest of the year. Wipro does not give a full-year forecast. Instead, it has predicted a 5-7% sequential revenue growth in constant currency terms this quarter.
“We have guided for revenue growth of 5% to 7%. Even at the lower end of this guidance, we will cross the $10 billion annual revenue run rate, which we are very excited about,” Delaporte said in a post-earnings call with analysts on July 15. “While we do not guide for the full year, you know that the Q1 performance and the Q2 guidance sets us up well ahead of double-digit growth for the full year, even excluding Capco,” he said. Double-digit organic growth is important as Wipro has struggled to keep pace with its larger peers in the last decade, especially over the last few years. Wipro’s share performance in the past 14 months is reflecting its improved financial performance.
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