IT major Wipro has encountered challenges in its ongoing transformation efforts due to challenging macroeconomic conditions. Q2 profit downIn Q2, Wipro reported a sequential profit decline of 7.5 per cent at ₹2,667.3 crore, and flat on YoY basis. The company has reflected on its strengths and weaknesses, and established a deep transformation programme, and has been transforming on multiple fronts. Also read: TCS, Infosys, HCLTech and Wipro: Why Q2 results imply valuation multiples can compress furtherDelaporte said the transformation programme has changed the clienteles’ perception of Wipro being a low-cost provider and considering it for complex transformation deals. However, there is still a long way to go for Wipro Delaporte opines, “Wipro is progressing and taking steps in the right direction.

Source: The Hindu October 23, 2023 14:59 UTC