Guidance for July-September period was far below estimates as Wipro expects revenue from IT services business to be in the range of USD 1931-1950 million, a growth of 0.01-1 percent over Q1.
Analysts say growth may be boosted by full quarter integration of Healthplan acquisition and currency tailwinds. According to them, Healthplan can contribute around 200 basis points to topline.
The intent to acquire HealthPlan Services, announced on February 11, was aimed at strengthening its position in the US health insurance market.
This marks the fourth acquisition by Wipro in the last one year. It is the IT major's largest acquisition in last five years