Wipro flags protectionism, threat of global trade war as risk factors to business

NEW DELHI: India’s fourth largest IT services firm WiproNSE -0.07 % has flagged “increased protectionism” and risk of a “global trade war” among factors that could adversely impact its business, according to its regulatory filing.

Wipro derives about 55 per cent of its IT services revenue from the Americas (including the US) and 25 per cent from Europe. For the year ended March 2019, the company had posted a total revenue of Rs 58,584.5 crore (USD 8.47 billion).