India’s third-largest software exporter Wipro is confident of returning to industry growth rates but continued to maintain caution, which was reflected in its 0-2 percent guidance for the third quarter. In the second quarter numbers, the software major is showing signs of getting back on track. Jatin Dalal, CFO, Wipro, spoke to BusinessLine on how it will get back to industry growth despite headwinds in some business areas and the way digital is shaping up for them. Excerpts:
Guidance for the December quarter suggests that growth will remain sluggish. How does this tie-in with Wipro’s stated vision of achieving $15 billion revenue by 2020 with 23 percent margins?
If you see the trend since the last few quarters, we have been improving the trajectory of our outlook. In this (second) quarter, we have said that we can achieve industry growth this year. Beyond this, we cannot give a forward-looking statement. Our confidence comes from the order book we have, client mining initiatives and additionally believe that there is a strong opportunity to gain wallet share in digital as clients look to evaluate vendors. If you plot it, we have made investments in all these areas to achieve the stated goal.