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

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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.

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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