Uncertainty around India biz restructuring a big headwind: Wipro

Although Wipro witnessed good momentum in its core business in the third quarter of current fiscal, company's chief Abidali Z Neemuchwala says there are headwinds that could affect the revenues of the company in the next 1-2 quarters. He sees headwinds mainly coming from the process of restructuring of Wipro's India business and the uncertainies around the 'Affordable Healthcare Act' in the US.The company has been looking at acquisitions where it needs future competency, says Bhanumurthy BM, President and COO of the company. It is looking at acquisitions which will help in expanding geographies. "As global uncertainties fade, synergies of the buys will become more apparent and add to the company's core revenue," says Jatin Dalal, CFO of Wipro.Dalal also says that margins have been around the range of 17 percent for the last three quarters. However, he refused to give any guidance on margins when asked.Watch video for more...