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.
Motilal Oswal Report
Wipro Ltd. reported a strong, broad based sequential growth (12% constant currency) in Q1 FY22.
The organic sequential growth of 4.9% was the highest in the past nine years and was above the management’s guidance (2-4% QoQ constant currency) and our estimate.
Capco contributed two months of revenue in Q1 FY22 and witnessed a strong sequential growth.
Wipro's Ebit margin from IT services dipped 340 basis points QoQ to 17.6% (excluding a one-time gain from sale of investments, 50 bps above our estimate) on account of the Capco acquisition (130 bps), partial wage hike for senior employees, and investments in talent.
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