CORRECTED-UPDATE 2-Wipro sees challenges in U.S healthcare amid Obamacare uncertainties [Reuters (UK)]
Wipro Limited (WIT)
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Source: Reuters
CORRECTED-UPDATE 2-Wipro sees challenges in U.S healthcare amid Obamacare uncertainties | Reuters 4 Min Read (Corrects period in first bullet) * Q2 net profit down 13.8 percent after $75 mln one-off charge * Net profit 18.89 billion rupees vs average estimate of 21 bln By Krishna V Kurup and Sankalp Phartiyal BENGALURU/MUMBAI, Oct 24 (Reuters) - Indian software services exporter Wipro Ltd on Wednesday called out its healthcare services business in the United States as a challenge as uncertainties over Obamacare meant insurers are holding off on big technology expenditure. The healthcare market accounts for nearly 13 percent of Wipro’s IT sales and reform of the sector in the United States, its biggest market, remains in prospect given the hostility of President Donald Trump and many Republicans to the Affordable Care Act, commonly known as Obamacare, despite a failed 2017 push to repeal it. Senate Republican Leader Mitch McConnell said last week Republicans could try again to repeal O
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