Tag
Wipro shares fell after the Indian IT major issued a weaker-than-expected revenue forecast, raising concern about sluggish enterprise tech demand. The guidance miss signals continued headwinds for India's large-cap IT outsourcing sector and sets a cautious tone ahead of peer earnings reports.
Saurabh Mukherjea contends India's 30-year IT-services growth model is ending, with rising inflation, a weaker rupee, and rate hikes set to pressure consumers and lenders. He sees global supply-chain shifts opening a manufacturing export window and new investment opportunities in export-oriented sectors.
Tag
Wipro shares fell after the Indian IT major issued a weaker-than-expected revenue forecast, raising concern about sluggish enterprise tech demand. The guidance miss signals continued headwinds for India's large-cap IT outsourcing sector and sets a cautious tone ahead of peer earnings reports.
2mo ago · 1 min · Markets
Saurabh Mukherjea contends India's 30-year IT-services growth model is ending, with rising inflation, a weaker rupee, and rate hikes set to pressure consumers and lenders. He sees global supply-chain shifts opening a manufacturing export window and new investment opportunities in export-oriented sectors.
2mo ago · 1 min · Economy
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