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.
IDBI Capital Report
Wipro Ltd.'s Q2 FY22 IT service revenue growth of 8.1%/28.8% QoQ/YoY in constant currency was ahead of the top-end of guided range.
Consolidated Ebit margin of 17.8%, down 105 basis points QoQ and earnings per share of Rs 5.4, down 5.6%/23.7% QoQ/YoY.
In Q2 FY22, Wipro secured nine large deals of total contract of $580 million.
For Q2 FY22, management guided IT services revenue growth to be in the range of $2631 million to $2683 million implying a growth of up 2% to up 4% QoQ is also better than our expectation.
Wipro has registered healthy growth in revenues on organic basis. The company under new chief executive officer is on the verge of a turnaround.
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