India's Wipro: Bleak Times Ahead

After a better-than-expected second quarter, the IT outsourcer said third-quarter revenue growth looks grim due to plunging client additions

India's third-largest IT services exporter, Wipro, on Wednesday posted better-than-expected sales and profit for the second quarter, but much of the sheen was clouded by the plunge in client additions, which fell to its lowest in a year-and-a-half and the company's expectation of poor revenue growth in Q3.

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