Photo: Hemant Mishra/MintWipro Ltd reported another quarter of sluggish revenue growth; in constant currency terms, revenue grew just 0.9% in the September quarter. On Thursday, Wipro announced the acquisition of Appirio Inc., a US-based cloud services firm for $500 million. On 11 February, Wipro announced the $460 million acquisition of HealthPlan Services, a leading business process as a service (BPaaS) provider in the US health insurance market. The other is that Wipro, like most Indian IT firms, doesn’t have a great track record of integrating acquisitions well. Ltd, Infocrossing, the company’s last large acquisition, had not helped Wipro consolidate its then-leadership position in IT infrastructure-management.

Source: Mint October 23, 2016 18:11 UTC