ECONOMY

Wipro Q4 Review – Growth, Outlook At Top Gear: IDBI 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.

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.

Click on the attachment to read the full report:

IDBI Capital Wipro Q4FY21 Result Update.pdf

DISCLAIMER

This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Most Related Links :
todayuknews Governmental News Finance News

Source link

Back to top button