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Wipro, the country's third largest IT services provider, expects the next financial year to better one than the current year, mirroring the sentiments of the IT industry.
"We expect the coming fiscal to be better…. However, hiring will not keep pace with this growth," Wipro Chief Executive Officer and Executive Director T.K. Kurien said on the sidelines of the Nasscom Leadership Summit 2014 here.
He also mirrored the industry sentiment on the US Immigration Bill and said the industry is concerned.
According to Nasscom, the Indian IT and Business Process Management (BPM) industry, which is expected to clock revenues of $86 billion this fiscal, would add incremental revenues of $13-14 billion in 2014-15. This latest growth guidance, of 13-15 per cent, is the highest forecast since 2011, when several industry players started seeing a slowdown in business.
Earlier in his address, Kurien said that Wipro had invested $19 million in two start-ups, but did not elaborate further.
“There is innovation capability lying outside the organisation and so there is a need to invest in the same,” he said.
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