A quarter of stress at Wipro, too, and yet IT may not be a bad year

India’s fourth-largest software exporter, Wipro, posted subdued Q2 results due to clients trimming budgets for discretionary projects. Revenue fell 1.6% to $2.7bn, and the company’s Q3 revenue projections suggest the top line may fall a further 2% to $2.7bn or increase by up to 1% to $2.8bn.

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