Two months into the job, T.K. Kurien, the new chief executive of Wipro�s cash cow IT services business, appears to have failed the first litmus test of his tenure.

More than the results, investors were disappointed by the company�s outlook for its IT services business in the present quarter, which analysts say is what dampened enthusiasm for the stock on the Bombay Stock Exchange.

At the earnings press conference, Mr. Kurien offered little in the way of explanation for the weak outlook apart from vague remarks about how the demand environment in outsourcing business was undergoing a change.