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EBITDA-M has materially exceeded this, at a CAGR of +10%.
The company’s capex commitments are substantial, offsetting any of the attractiveness in its EBITDA-M.
We believe a normalization at the current levels, an EBITDA-M of 18-20%, is reasonable to expect but there is a heightened risk of further deterioration.
Source: https://seekingalpha.com/article/4631007-wipro-growth-in-the-ai-digital-age?source=feed_all_articles