However if the current trend continues, Wipro might still end the financial year with revenue growth in dollar terms being in single digits. Just like other Indian IT services companies, Wipro is investing substantially in Digital, Automation and Artificial Intelligence (AI). T K Kurien, CEO, said that Wipro HOLMES, the company's AI platform continued to win deals. It also announced the acquisition of Designit, a design firm.
Several segments like energy and natural resources, telecom, healthcare and life sciences continue to be soft for the company. Lack of growth in Europe has also been a cause for concern.
While Wipro has turned in a steady performance, its annual growth is likely to be lower than industry average which Nasscom estimates between 13-14 per cent. Wipro's turnaround, it clearly seems, is still a work in progress.