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Wipro: Top IT companies boost margins amidst market struggles, ET Telecom

To be sure, Infosys, HCLTech and Wipro have slashed their revenue guidance for the upcoming quarter and full fiscal amid a freeze on tech spends and delay in decision making. The FMCG industry, often faced with competition and maturity in key micro-markets and product categories, often has to harness the profitability lever to ride out business cycles that often cause volume growth to stagnate.
Ravi Menon Samir Seksaria Kumar Rakesh Nilanjan Roy Ankur Rudra Tata Consultancy Services

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