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Wipro Q1 results today: Key things to keep in mind

Updated : July 17, 2019 08:51 AM IST

Wipro, one of India's largest IT firms, is set to report its first-quarter results today. The company held its 73rd annual general meeting on Tuesday, in which, outgoing chairman Azim Premji set new goals for the firm. "Wipro will continually transform to scale new heights as the world changes while remaining firmly committed to its values," he said in his last letter to the shareholders, adding the company will outshine "anything that we have done before."

Here are the key things to keep in mind:

  • The street is expecting a muted quarter from the company. Dollar revenue growth is expected to decline by 0.4 percent. Both TCS, as well as Infosys, have reported a growth of 1.6 and 2.3 percent, respectively.

  • Margin will be under pressure due to reasons like visa cost and rupee appreciations. The margin is expected to be at 17.7 percent.

  • The key to track will be the company’s Q2 guidance which is seen at 1-3 percent. Q1 is a seasonally weak quarter for the company. Last quarter the company had said that it will be impacted by certain large programmes which came to an end and a delayed start of the fresh programme. However, Wipro has guided for a pickup in Q2. Therefore, Q2 guidance will be critical.
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