Wipro sees Trump’s administration, regulations as threat to growth

Wipro, Wipro logo

Latest News – Wipro, India’s third-largest software services exporter, said Donald Trump’s administration and his regulations could be a potential threat to its growth.

At a time when IT companies such as Tata Consultancy Services, Infosys, HCL Technologies and others seem to be jittery about the impact of protectionism in the US and other key markets; Wipro for the first time said “developments stemming from the recent US Presidential election could have a material adverse effect” on its growth.

The Bengaluru-headquartered company talked about this political uncertainty in its filing to the US Securities and Exchange Commission.

“On November 8, 2016, Donald J Trump was elected the next President of the United States. As a candidate, Trump expressed support for policies impacting existing trade agreements, like North America Free Trade Agreement. He also proposed trade (Read More)

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