Wipro - Healthy Q4 Performance, Strong Guidance: ICICI Direct 
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Wipro - Healthy Q4 Performance, Strong Guidance: ICICI Direct 


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ICICI Direct Report

Wipro Ltd. reported a heathy set of Q4 FY21 numbers. The company reported healthy IT services revenue growth and margins in the quarter.

Key highlights of the quarter were -

1. healthy deal wins up 16.7% QoQ to $1.4 billion,

2. healthy net addition of 7,404 employees and

3. higher offshore up 180 bps to 54.5%.

Robust Q1 FY22E IT services revenues guidance would be in range of $2,195 -2,238 million, translating to 2.0-4.0% QoQ growth.

The guidance does not include announced acquisitions of Capco and Ampion.

Click on the attachment to read the full report:

ICICI Direct Wipro Q4FY21 Result Update.pdf


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