Wipro CEO Abidali Neemuchwala says fiscal 2019 will be better than the current financial year, mirroring the optimism shared by larger rivals TCS and Infosys. Photo: Hemant Mishra/MintBengaluru: Wipro Ltd’s chief executive officer (CEO) Abidali Neemuchwala says his nearly two-year effort to bring about a turnaround at India’s third largest information technology (IT) company is almost complete and it is just a matter of time before the Bengaluru-based firm starts reporting industry-matching growth. It’s just a matter of time because we have addressed all company-specific challenges,” Neemuchwala said in an interview on Friday. Wipro did not report any sequential dollar revenue growth in October-December although revenue inched up 0.9% in constant currency terms, which eliminate the effect of currency movements. However, Wipro added $248.3 million in incremental revenue in April-December, according to the management, reflecting initiatives leading to improved organic growth.

Source: Mint January 21, 2018 18:00 UTC