Growth worries for Wipro

The company needs to address pressures in order to catch up with its peers on revenue growth

Similar to the trend seen in the past few quarters, the December 2016 quarter (Q3) was a weak one for Wipro. The company lagged its peers TCS (Tata Consultancy Services) and HCL Technologies, which reported constant-currency revenue growth of two and three per cent sequentially, respectively. This metric grew by just 0.6 per cent for Wipro and was better than the 0.3 per cent fall seen by Infosys, but at the lower end of Wipro's forecast for the quarter. However, even this growth was aided by recent acquisition of Appirio, excluding which it would have been negative. The weak revenue