Wipro Q4 Review - On Path For Gradual Recovery, Potential Priced In: Dolat Capital  
Entrance of Wipro’s headquarters in Bengaluru, India. (Photo: BloombergQuint)

Wipro Q4 Review - On Path For Gradual Recovery, Potential Priced In: Dolat Capital  

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.

Dolat Capital Report

Wipro Ltd. reported 3.0% QoQ constant currency growth (our estimate: 3.3%) led by growth in banking financial services and insurance/retail/tech vertical at 2.7%/6.9%/9.9% QoQ.

IT services operating profit margin stood at 21.0% down 69 basis points QoQ (our estimate: 19.7%) led by lower than expected wage hike impact and growth leverage.

Encouraging quarterly guidance for Q1 at 2%-4% (excluding acquisitions), implies some acceleration as large deal ramp-up starts from April 2021.

The growth confidence is also led by strengthening of leadership with as many as 11 new hiring announced (hires from stronger peers with large deal focus).

Click on the attachment to read the full report:

Dolat Capital Wipro Q4FY21 Result Update.pdf

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