ICICIdirect.com has come out with itsOctober-December earnings estimates for the information & technology sector. The brokerage house expects Wipro to report a 2.3 percent growth quarter-on-quarter (up 24.1 percent Y-o-Y) in net profit at Rs 1977 crore.
Revenues of Wipro are expected to increase by 3 percent Q-o-Q (up 17.6 percent Y-o-Y) to Rs 11318.4 crore, according to ICICIdirect.com.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 2.3 percent Q-o-Q (up 25.6 percent Y-o-Y) to Rs 2560.9 crore.
ICICIdirect.com on Wipro:
IT service revenues could grow 3.2 percent, 3 percent Q-o-Q to USD 1,684 million, Rs 10,371 crore, respectively, helped by top accounts minings and large deal wins. EBIT margins could decline 49 bps to 22 percent primarily led by rupee. Investor interest: Q4FY14E guidance, new deal wins and corresponding TCV and growth in top 10 and top 125 account.
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