Subdued Performance; Industry-Level Growth Not Likely Soon Wipro has delivered an uninspiring performance in 3QFY18 with its USD revenue remaining flattish at US$2,013mn (vs. our estimate US$2,044mn) and IT service revenue missing our estimate. In CC terms, revenue rose by 0.9% QoQ, marginally below its median guidance. While BFSI (+3.4% QoQ) and Healthcare (+2.1% QoQ after 4 successive quarters of decline) drove its quarterly revenue, Communications (-2.3% QoQ) and Energy & Utilities (-8% QoQ) dragged revenue growth. On the back of automation and productivity improvement, Wipro managed to offset the impact of adverse currency movement and lower utilisation and recorded flattish...