Wipro Deal Bookings Hit Four-Year Low
Wipro reports a sharp decline in quarterly deal bookings to a four-year low of 2.6 billion dollars. The drop deepens concerns over the IT firm lagging behind rivals amid industry disruption.
Xurve View
Insights:
Xurve View
WIPRO LTD-ADR reported second-quarter contract bookings of $2.6 billion, plunging to a four-year low and fueling turnaround concerns. The drop reflects mounting challenges for India's fourth-largest IT services provider against aggressive rivals. The contraction highlights CEO Srinivas Pallia's ongoing struggle to revive growth more than two years into his tenure.
