Thursday 12 March 2015

Wipro maintains revenue growth outlook at 1-3% for Q4

A report said that the company is planning to roll out new compensation structure for its software and sales teams with a focus on incremental revenue, chief executive TK Kurien said during a meeting with analysts. 

Wipro held its ritual with analysts and maintained its sequential revenue growth outlook for the ongoing fourth quarter at 1-3%. 

A report said that the company is planning to roll out  new compensation structure for its software and sales teams with a focus on incremental revenue, chief executive TK Kurien said during a meeting with analysts. 

Kurien added that Wipro would in the near-term create a separate unit with new managers to head specific initiatives. This unit will exist within Wipro and not be a separate subsidiary, he said. 

The stock could see some positive action even though cross-currency and energy-related clients remain an issue for the industry

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