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Wipro revenues seen up 2% at $1.5bn; volumes up 6%
Wipro will be the last of the IT giants to release its quarterly results and everyone's waiting to see if it manages to put two weak quarters behind it.
Wipro will be the last of the IT giants to release its quarterly results and everyone's waiting to see if it manages to put two weak quarters behind it, and catch up with its peers. Wipro has promises to keep, especially since it has disappointed the street in the first two quarters of the year, reports CNBC-TV18's Sunanda Jayaseelan.
Other IT players have had a mixed October-December quarter - Infosys declared strong rupee numbers but scaled down its full year dollar revenue guidance and TCS saw continued pressure from the slowdown in the US and Europe.
Given this continued uncertainty, respondents to a CNBC-TV18 poll have estimated Wipro's global dollar it revenues will be up 2% at USD 1.5 billion; that's at the lower end of Wipro's own 1.9-3.9% growth forecast for the quarter. This is also slightly lower than the 3.4% revenue growth by Infosys or the 2.4% growth by TCS.
However, Wipro is expected to see volumes grow at nearly 6% compared to Infosys' 3.1%, TCS' 3.2%, or HCL Tech's 4.8%.
But it's not just the numbers that will hold investor attention. Analysts point out that what Wipro says on pricing and budget outlay will be crucial, since Wipro has seen weak pricing for the last two quarters.
