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Prabhudas Lilladher Report
We believe cultural shift and growth focus was long overdue in Wipro Ltd. and we see bold management initiatives translating into large deal wins for the company.
In the analyst meet, management mentioned execution equals to accelerated growth X sustained margins along with healthy cash conversion and optimal use of cash.
With multiple deal wins’ management has proved their mettle in execution.
Growth has become a top priority for Wipro as the new Chief Executive Officer aims to transform the company into more outward focused.
Even in the last quarter, Wipro has surprised the street with higher revenue guidance of 1.5-3.5% for Q3 FY20.
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