Here are five key considerations:Vertical growthA Motilal Oswal report attributes Wipro’s revenue degrowth to the macro impact and continued softness in verticals. Brokerages expect no change in earnings before interest and tax (EBIT) margins at 15.8-16.5 per cent, from 16.4 per cent in the previous quarter. Earlier in the quarter, Wipro bagged a $500-million contract with a US communication service provider, making it its first big win under new CEO Srini Pallia. Several brokerages have reported that Wipro’s large deal wins and pipelines are worth keeping an eye on. “A weak exit to FY24 and a poor 1QFY25 outlook will keep Wipro’s revenue growth underperformance elevated relative to its larger peers.

Source: The Hindu July 18, 2024 19:27 UTC