Wipro sees Trump's administration, regulations as threat to growth

Restrictions on visa issuance in the US will be a negative even if the company steps up local hiring

Wipro, India’s third-largest software services exporter, said Donald Trump’s administration and his regulations could be a potential threat to its growth. 

At a time when IT companies such  as Tata Consultancy Services, Infosys, HCL Technologies and others seem to be jittery about the impact of protectionism in the US and other key markets; Wipro for the first time said “developments stemming from the recent US Presidential election could have a material adverse effect” on its growth.

The Bengaluru-headquartered company talked about this political uncertainty in its filing to the US Securities and Exchange Commission. 

“On November 8, 2016, Donald J