Our digital activities have been gaining momentum with retailers: Wipro COO

Bengaluru: Bengaluru-based IT services firm Wipro Ltd, on Tuesday, announced its financial results for the quarter ended December. Top executives of the firm said that they are confident of winning new deals in digital, an area where the company’s revenue grew 22.8% on a year-on-year in constant currency terms and now contributes around 40% of their revenues. In an interview to Mint, B.M. Bhanumurthy, President and Chief Operating Officer of Wipro, spoke about company’s performance in the December quarter and the outlook and localisation plans for 2020. Edited excerpts:

What is Wipro’s outlook for the BFSI and retail segments for this year, and the performance in Q3?

The BFSI segment in Q3 has seen a bit of slowdown. There were multiple factors for this – the last quarter of the year, plus some amount of holidays and furloughs, and there is a certain amount of macro environment for BFSI, as well, that’s the uncertainty that we see.

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