Financial Express

The deal was expected to bolster Wipro’s presence in the banking, financial services & insurance (BFSI) space, its largest vertical contributing about 30% to the total revenues.

“Their largest vertical has underperformed, and that has hit them hard given their exposure. In addition, Capco’s lackluster performance recently has exacerbated the situation,” said Nitish Mittal, Partner, Europe Technology Practice, at Everest Group.

Read more in Financial Express

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