Revenue Impresses; Better Outlook for Key Verticals Encouraging Wipro's 2QFY19 IT revenue came above our estimate with CC revenue growing by 2.8% QoQ (vs. our estimate 0.5% QoQ growth), while USD revenue rose 0.7% QoQ to US$2,041mn (1.2% ahead of our estimate). On the vertical front, BFSI (+3.1% USD terms, +4.4% CC terms), CBU (+2.7%/+4.8%), COMM (+1.9%/+4.2%) and ENU (+1.8%/+4%) drove revenue growth. Notably, all these verticals clocked 4% or more sequential growth in CC revenue, while Technology (-3.6%/+1.8%), HLS (-3.2%/-3%) and MFG (-0.4%/+1.7%) pressurised revenue growth. Issues continue to remain in Healthcare vertical due to HPS headwinds and uncertainty with regard to...