Can Rishad Premji rejuvenate Wipro?

Wipro's new CEO, Thierry Delaporte, is facing questions from the board over the company's waning growth and profitability. While Delaporte added $2.9bn in incremental revenue, $850m came from acquisitions. Wipro's sequential revenue growth has lagged behind its competitors, and the company expects revenue to contract in the April-June quarter. Delaporte's initial bravado has faded as macroeconomic challenges are blamed for the company's underperformance. Profitability is a bigger headache, with Wipro's operating margin only slightly better than that of Cognizant Technology Solutions.

Disclaimer : Mytimesnow (MTN) lets you explore worldwide viral news just by analyzing social media trends. Tap read more at source for full news. The inclusion of any links does not necessarily imply any endorsement of the views expressed within them.