Deal wins help Wipro, no revival in demand soon

Wipro's June growth met forecasts but missed analysts' expectations. IT services revenue fell 1.2% to $2,625.9M. Despite declines in energy, utilities, technology, and communications, margins and new deal wins were resilient. BFSI grew; September guidance is optimistic, excluding currency fluctuations. Attrition fell, headcount rose first in six quarters; consumer vertical grew.