The key focus of Wipro's Analyst Day was on operational changes and the steps undertaken to accelerate revenue growth. The company expects the shift to four Strategic Market Units (SMUs; focused on sales) and two Global Business Lines (GBLs; focused on delivery) to help streamline operations and increase its focus outside of the US. It is also de-prioritizing some sectors (Hospitality, Airlines, Public Sector, etc.) and regions (Asia, Africa, and South America 2-3% of revenues) to increase the focus on high-growth businesses. In our view, streamlining P&L; to four SMUs (v/s 20 P&Ls; earlier) should free...