Wipro Q4 Review - Growth, Outlook At Top Gear: IDBI Capital
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IDBI Capital Report
Wipro Ltd.'s Q4 FY21 IT service revenue growth of 3% QoQ in constant currency terms was in-line with our forecast.
IT services Ebit margin of 21%, down 65 basis points QoQ was a beat to our forecast.
Consolidated Ebit margin of 20.5%, down 75 bps QoQ and earnings per share of Rs 5.4, up 3.6%/32% QoQ/YoY was also beat to our forecast.
Q4 FY21 saw another quarter of strong large deal total contract value of $1.4 billion (including one deal with potential of $1 billion) following $1.2 billion in Q3.
Further, along with smaller deals the total TCV of $7.1 billion for H2 FY21 saw a 33% YoY growth.
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