Wipro Q1 preview shows weak results and muted guidance
pre-market1 source ↓written by the desknot a recommendation
- in constant currency
- 1.2% to 1.6% decline
- is projected
- ₹3,394 cr to ₹3,528 cr
- reflecting
- 3.1% to 9% sequential decline
- may occur
- 2% revenue decline
Wipro is set to report Q1 results on 16 Jul, with brokerages expecting revenue between ₹24,601 cr and ₹24,922 cr. This indicates a 1.2% to 1.6% decline in constant currency terms. Net profit is projected at ₹3,394 cr to ₹3,528 cr, reflecting a 3.1% to 9% sequential decline. Guidance for Q2 suggests a further 2% revenue decline may occur.
This outlook raises concerns for traders, as continued revenue pressure could impact market sentiment around Wipro's performance in the IT sector.
Not investment advice. For informational purposes only.