News

– Broader Discretionary Spending Remains Muted Amid An Uncertain Macro

– Cost Optimisation & Vendor Consolidation Theme Has Picked-up

– BFSI, The Mainstay Of Global IT Services Spending, Continues To See Strong Demand

– Demand In Most Of The Other Verticals Remains Muted, Particularly Retail & Auto

– Expect A V-shaped Recovery In Coming Quarters While Valuations Remain Attractive

– Fixed Price Pdts Improved Productivity, Acquired Entities Improved Profitability, Aided Margin

– Endeavour To Hold Margin In Narrow Band, At Approximately 17%+

– There Is A Pricing Pressure For Sure

– Many Large Deals Are For Vendor Consolidation & Cost Takeout

– European Business revenue declined by 8.3% from last year, and 3.5% sequentially in the fourth quarter

– European revenues were down 18% in Q4, when compared to the March 2023 quarter

– There Is Uncertainty In The Mkt, Hope It Settles In The Next Few Months

– Hope Clients Resume Discretionary Spends

– See Delays In Start Of New Projects & Discretionary Spends Due To Uncertainty

– Majority Of The Deals Are For Cost Optimisation, Which Will Continue

– Number of $100 million accounts declined to 17 in the fourth quarter from a high of 22 in June last year

– Number of $50 million accounts declined to 44 from 53 in the March 2023 quarter

– Reasons for weakness in Europe despite Capco acquisition

– Progress made in the turnaround efforts of the company

– Timeline on catching up with peers in terms of growth

– Wipro had mentioned that weakness in Europe is likely to continue in Q1 but the ramp up of the Phoenix deal in the second half will aid growth

– Expect the company to guide for -1.5% to 0.5% growth sequentially for the second quarter

– Margins may see a marginal decline due to revenue headwinds

– Large deal TCV is likely to be in the $1.2 billion to $1.3 billion range

Wipro’s projected constant currency revenue decline of 2% this quarter is likely to be in the mid-point of the company’s guidance of -3.5% to -1.5% that it had guided for at the end of the fourth quarter.

It remains to be seen what will the company guides for the second quarter.

Unlike another companies, Wipro gives quarterly guidance.

The stock is looking to recover from the lows of the day ahead of its results announcement.

The stock is down 0.3% at ₹261.95. Shares have remained flat in the last one month and is down 13% so far in 2025.

– US Dollar Revenue likely to decline 0.9% from the previous quarter to $2,573 million

– Rupee revenue may drop 1.6% from the previous quarter to ₹22,087 crore

– EBIT may decline to ₹3,787 crore from ₹3,927 crore in the March quarter

– EBIT margins may narrow to 17.1% from 17.5% last quarter

– Constant Currency Revenue seen 2% lower

– All numbers as per a CNBC-TV18 poll

Bengaluru-based IT services provider Wipro Ltd. is set to report its June quarter results later this evening.

The company will become the fourth IT stock on the Nifty 50 index after TCS, Tech Mahindra and HCLTech to report results for the June quarter.NewsLive TVMarketPopular CategoriesCalculatorsTrending NowLet's Connect with CNBCTV 18Network 18 Group :©TV18 Broadcast Limited. All rights reserved.