$500-mn deals are great to keep the company afloat but can’t be thought of as a reversal of downward growth. These are early signs that Wipro is trying to turn the tide, but they will have to come up with a slew of initiatives working with the stakeholder ecosystem – Ashish Chaturvedi, a practice leader at HFS Research, tells Bizz Buzz
Doubling Down
Bengaluru: Wipro requires more large deal wins, reduce dependency on a few new clients and increase their reach further in developing economies to script a turnaround story under the new CEO. Experts said that the last week’s large deal win worth $500 million is a good beginning, but the Bengaluru-headquartered firm has to take a slew of measures to accelerate revenue growth. “$500-million-dollar deals are great to keep the company afloat, but can’t be thought of as a reversal of downward growth. These are early signs that Wipro is trying to turn the tide, but they will have to come up with a slew of initiatives working with the stakeholder ecosystem of tech partners, clients, analysts, and advisors,” Ashish Chaturvedi, a practice leader at international IT consultancy firm, HFS Research told BizzBuzz.
“The company also needs to reduce dependency on a few new clients and further penetrate developing geographies,” he said.
View the article
If you don't have an account, Register here |
With the exception of our Horizons reports, most of our research is available for free on our website. Sign up for a free account and start realizing the power of insights now.
Our premium subscription gives enterprise clients access to our complete library of proprietary research, direct access to our industry analysts, and other benefits.
Contact us at ask@hfsresearch.com for more information on premium access.
If you are looking for help getting in touch with someone from HFS, please click the chat button to the bottom right of your screen to start a conversation with a member of our team.