The WITCH Report: 2018 Annual Review

Despite a slow Q4, the outlook for technology services in healthcare remains strong Most firms had a soft Q4 in 2018, with HLS business growth dropping below overall company growth. HCL continued to be an exception, growing at an impressive 18.56% on a YoY basis, the highest in its peer group. We believe Wipro’s struggles with the HPS acquisition may be bottoming out and the HLS business could be headed for a breakout year in 2019.