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Net Sales are expected to decrease by 3.3 percent Q-o-Q (up 23.3 percent Y-o-Y) to Rs 2,868.4 crore, according to Prabhudas Lilladher.
Net Sales are expected to increase by 1.1 percent Q-o-Q (up 0.8 percent Y-o-Y) to Rs. 15,840 crore, according to Motilal Oswal.
CFO Prateek Aggarwal said that at the back of the COVID-19 pandemic, enterprises across the board are accelerating their technology adoption and this process will take years to be completely digital.
The company's dollar revenue growth came at 3.9 percent versus 3.7 percent QoQ. The company said its dollar revenue growth was the highest in 36 quarters.
Wipro shares rallied 23.2 percent during December quarter and 57.1 percent in the calendar year 2020, outperforming Nifty IT index that gained 21.55 percent and 55 percent.
The deal pipeline is strong across companies led by digital foundation deals, integrated deals from smaller clients, experience transformation and even core transformation deals.
The company's consolidated profit increased to Rs 2,465.7 crore for the quarter compared to Rs 2,390.4 crore in previous quarter.
Kotak Institutional Equities also expects sequential constant currency revenue growth of 2 percent and cross-currency tailwind of 145 bps
Wipro’s intentions may be good, but investors will keenly await successful execution
While the numbers are expected to show the pressure of coronavirus pandemic, investors will focus on the commentary on margin and the road ahead of the company.
Net Sales are expected to decrease by 4.5 percent Q-o-Q (up 2 percent Y-o-Y) to Rs. 15,098.8 crore, according to Motilal Oswal.
Brokerages say the demand pullback is expected to be severe in the directly impacted segments but BFSI and telecom could be stable in terms of growth for IT companies.
Profitability is likely to hit by subdued revenue growth, treasury gains and higher forex losses.
The company has guided for 0 to 2 percent QoQ in CC terms building softness in renewals.
We do not expect significant upside unless Wipro matches its peers in growth sweepstakes
The IT services dollar revenue growth could be around 2.2% for the quarter (QoQ), driven by incremental revenue from ITI acquisition and ICICI deal ramp-up.
Net Sales are expected to increase by 3.8 percent Q-o-Q (up 4.2 percent Y-o-Y) to Rs. 15,693.3 crore, according to Motilal Oswal.
Japanese brokerage firm Nomura has maintained its reduce call on the stock with a target price at Rs 235 per share as it expects growth to continue to lag peers.
Brokerage houses expect the sequential decline in bottomline in the range of 2-8 percent over previous quarter.
Net Sales are expected to increase by 0.2 percent Q-o-Q (up 1.4 percent Y-o-Y) to Rs. 14,740.9 crore, according to Prabhudas Lilladher.
Net Sales are expected to increase by 2.1 percent Q-o-Q (up 3.3 percent Y-o-Y) to Rs. 15,025.6 crore, according to Motilal Oswal.
Global brokerages remained bearish on the stock and said the company may not be able to achieve FY20 revenue target given weak start to earnings
The Street generally tracks company's IT services revenue instead of consolidated earnings which also include hardware business.
Net Sales are expected to decrease by 2.4 percent Q-o-Q (up 4.7 percent Y-o-Y) to Rs. 14,639.3 crore, according to Prabhudas Lilladher.
Net Sales are expected to decrease by 2.1 percent Q-o-Q (up 5.9 percent Y-o-Y) to Rs. 14,877.8 crore, according to Kotak.