BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Prabhudas Lilladher Report
Wipro Ltd.'s IT services revenue of $2.41 billion, 12.2% QoQ U.S. dollar, surpassed top end of the guidance by ~200 basis points driven by strong growth in organic (4.9% QoQ U.S. dollar) as well as inorganic Capco business. (~$157 million).
New management’s focus and aggression towards growth is clearly visible given strong revenue guidance of 5-7% QoQ constant currency on top of strong Q1 implying ~26% FY22 growth.
Wipro closed eight large deals with total contract of over $715 million.
TCV was lower than last two quarters due to absence of large or mega deals.
However, management is confident of strong demand environment with quality of pipeline improving every quarter.
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