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 better-than-expected revenue growth of 3.4% QoQ constant currency terms, on the higher end of the guidance band (1.5–3% QoQ CC).
Growth was broad-based across verticals, with five of seven verticals showing good QoQ growth.
The company’s continued margin improvement (up 250 basis point QoQ / up 330 basis point YoY) and strong cash generation (free cash flow/profit after tax at 133%) were the key positives in Q3.
In nine months FY21, IT Services reported revenue (U.S. dollar)/Ebit/PAT of - 3.2%/10.2%/6.9%.
Wipro reported 12 deal closures and deal total contract of $1.2 billion in Q3, including $700 million from Metro AG.
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