Despite only being on track to reach $1 billion in annual revenue by the end of this year, Wipro’s healthcare business expects rapid growth over the next few years and anticipates $2 billion in revenue by 2018.
This is due to Wipro’s healthcare business’s top customers, such as Johnson & Johnson and Catholic Health Initiatives, looking to increase their spend on technology in order to compete with Obamacare healthcare reforms taking place in the United States.
When asked whether Wipro’s healthcare business will reach this ambitious target, Sangita Singh, chief executive of healthcare and life sciences at Wipro, responded: “I think there’s tremendous momentum… it should be (quicker). We want to get there within the next three years.”
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