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All eyes are on Wipro Q4 results now. According to brokerage firms and analysts, Wipro is likely to see flat revenue growth amid continued softness in segments such as Energy, Manufacturing and Resources. However, a slight boost is expected in verticals such as BFSI (banking, financial services and insurance) and Healthcare.
Wipro Q4 results: When to expect
The Wipro filing on the stock exchanges indicated that the results are going to be declared after market closing and there will be a press conference at 7:30 pm by a senior management. However, the company has been quite tightlipped about any upcoming dividend announcement.
Kotak Institutional Equities (KIE) said, “Deterioration in demand will lead to revenue decline of 0.5 per cent in c/c on QoQ basis, toward the lower end of -1 per cent to +1 per cent range of guidance. We forecast a stable EBIT margin with benefit from rupee depreciation, offset by lack of operating leverage/revenue decline.”
ALSO READWipro Q4 Results Preview: 6 crucial factors to watch ahead of earnings on April 16
Wipro Q4 Preview: Kotak Equities says watch out for these 4 factors
(1) state of discretionary spending by clients in light of recent macro deterioration,
(2) state of spending in financial services accounts noting Wipro’s high discretionary exposure to the vertical,
(3) rationale for realignment of services line to a new structure,
(4) positioning in cost take-out and vendor consolidation deals where Wipro can be vulnerable
(5) progress on catching up with peers on growth.
Wipro Q3 performance
In January this year, Wipro had released its Q3 results wherein it had reported a net profit of Rs 3,350 crore, up 24.5 per cent from a year ago. Revenue for the quarter under review was marginally up by 0.5 per cent from the year-ago period to Rs 22,320 crore. Wipro had also declared an interim dividend of Rs 6 per share and revised its capital allocation policy to commit at least 70 percent of net income as payouts over a three-year period.
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JM Financial said, “With recovery in discretionary spend less visible,
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