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Wipro Q4 earnings today: Here is what to watch out for

Revenue growth will be powered by discretionary spending and success in mining large accounts. The EBIT margin for the fourth quarter are likely at 17.3 percent compared to 21 percent a year ago.

April 29, 2022 / 09:34 AM IST
 
 
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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.