India's third largest IT services exporter Wipro is set to announce its results for the quarter ended December 2010. According to CNBC-TV18 estimates, its net profit is expected to go up at Rs 1,318.3 crore as against Rs 1,276 crore, on quarter-on-quarter basis.
In dollar term, global IT revenues are seen going up to USD 1,343 million versus USD 1,273 million and in rupee term, revenues are likely to go up at Rs 6,172.68 crore from Rs 5,747 crore (QoQ).
Global IT earnings before interest and tax (EBIT) are expected to go up at Rs 1,400.15 crore from Rs 1,275 crore.
Wipro's consolidated revenues are seen going up to Rs 8,002.44 crore versus Rs 7,731 crore and EBIT is likely to go up to Rs 1,474 crore from Rs 1403.3 crore (QoQ).
Expectations
* Expect 5.5% QoQ growth in dollar revenues to USD 1343 million - inline with company's guidance of 3.5-5.5%
* Revenue growth should trail Infosys/TCS for 4th consecutive quarter
* Volume growth of 6% QoQ expected, expect flattish blended realisation as seasonality negates cross-currency gains
* Global IT EBIT margin expected to improve by 50bps due to employee cost absorption & SG&A leverage
* Expect Wipro to guide for 3-5% sequential revenue growth for Mar 2011 quarter
* Expect net employee addition of 3600
* Wage hike quantum needs to be watched (last hike given in Feb 2010)
* Key things to watch - Q4 revenue guidance; comments on CY11 budgets; outlook on Telecom/Technology business
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.
