BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
ICICI Direct Report
Wipro Ltd. reported a healthy set of Q2 FY21 numbers. Information Technology services revenues increased 2.0% QoQ in constant currency terms, above our estimate of 1.1% growth in CC terms.
Geographically, revenue growth was led by Americas, Rest of World, which grew 2.2%, 3.7% QoQ, respectively.
The IT service Ebit margin increased 30 basis points QoQ to 19.3% versus our estimate of 19.2%.
Wipro guided that its Q3 FY21E IT services revenues would be in the range of 2022-2062 million dollar, translating to 1.5-3.5% QoQ growth.
The company has declared a buyback of approximately 23.8 crore shares from its shareholders on a proportionate basis by way of a tender offer.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the brokerage and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
As a Subscriber you get
Stories
RECOMMENDED FOR YOU
POPULAR