Wipro, one of India’s top four IT services companies, is expected to report a 3.2-4 percent growth in profit for the quarter ended March. On a sequential basis, earnings may improve 3.6-4.2 percent.
Analysts expect Bengaluru-based Wipro to register on-year growth of 26-28 percent in revenue on April 29, when it declares results for the quarter and year ended March. Compared to the previous quarter, revenue may grow 2-2.8 percent.
The company, controlled by billionaire founder chairman Azim Premji, is likely to post a profit of Rs 3,070 crore for the quarter and revenue of Rs 20,700 crore-21,000 crore.
“Revenue growth will be powered by continued strength in discretionary spends and success in mining of large accounts,” Kotak Institutional Equities said in a report.