IT major Wipro will be in focus on Tuesday ahead of its March-quarter earnings scheduled later in the day. Along with the earnings, Wipro will also be considering a buyback today. So that will be important.
- Dollar revenue growth is seen higher by 1.7 percent. Margins according to CNBC-TV18’s poll will come in at 18.7 percent. So lower by more than 100 basis points (bps) on a quarter-on-quarter (QoQ) basis.
- The constant currency revenue growth should be seen around that 1.2 percent mark which is within the company’s guided band of 0-2 percent.
- Wipro has been reporting strong numbers for the last two quarters. In the December quarter, it had a growth of 2.4 percent, in the quarter prior to that, in the September quarter, it had a growth of 2.8 percent. However, this quarter, the company had anyway given a muted guidance and therefore the street is not expecting too much just a 1.2 percent growth.