Wipro Management sees good momentum, hopes to bounce back in Q4 after a seasonal Q3

economictimes.indiatimes.com:

Srini Pallia, CEO, Aparna Iyer, CFO and Saurabh Govil, CHRO, Wipro in conversation with ET Now. CFO Iyer says that their guidance is based on the visibility that they have at the start of the quarter. The guidance is impacted by furloughs, fewer working days and softness in Europe. The large deals that we won also would take some time to ramp up. So, overall, the momentum seems good. Q3 is more about seasonality and hopefully they will bounce back in Q4.

CEO Srini Pillai further says net-net, right now the BFSI segment is positive. He cannot predict what is going to happen in six months and six quarters from now, but as of now, they are seeing good momentum in that sector.
What would you call the highlight for the second quarter and how would you rate the current demand environment?
Srini Pallia: First, specifically in Q2, three of our four markets have sequentially grown, which is good news. In terms of sectors, we had two of them growing sequentially, two of them growing year on year, and of course we had manufacturing and energy and utilities which have sequentially de-grown. But in the context of the overall market, I see momentum picking up, especially in Americas for us, both Americas 1 and Americas 2, and also APMEA.

Europe has been a little bit slow for us and it is more in terms of what is going on in Europe as a geography. But also, for us, we had some few client ramp downs which actually impacted us in Q2. But overall, good pipeline and good momentum. I need to thank my team for the great execution in