Wipro, a leading technology services and consulting firm, is set to release its financial results for the second quarter ending September 30, 2024.
Wipro Q2 Date and Time
The announcement will take place on Thursday, October 17, 2024, after stock market trading hours, specifically at 3:30 PM IST. Investors and analysts eagerly await these results, as they provide critical insights into Wipro’s performance and strategic direction.
For those looking to review the results, they will be available in the Investors section of Wipro’s official website at www.wipro.com/investors. This user-friendly platform ensures easy access to comprehensive financial information, including quarterly earnings, revenue figures, and other key metrics that highlight the company’s financial health.
Following the results announcement, Wipro’s senior management will host a conference call at 7 PM IST to discuss the company’s quarterly performance. This session will also include a Q&A segment where management will address questions submitted by analysts and investors.
To participate, questions must be sent by 6:30 PM IST on the same day. Interested parties can direct their inquiries to the following email addresses: dipak.bohra@wipro.com or abhishek.jain2@wipro.com.
For those unable to join the live discussion, the audio of the conference call will be available via a webcast. This can be accessed through the link: https://links.ccwebcast.com/EventId=WIP190424. The webcast allows stakeholders to stay informed about Wipro’s strategies and future outlook.
Along with these, financialexpress.com will also provide live updates on Wipro’s Q2 earnings.
Wipro Q2 Expectations:
An analysis report by Emkay Global said, “We expect 0.9% USD revenue growth in IT services segment after factoring in 60bps cross currency tailwinds. Wipro had guided revenue growth in the range of -1% to +1% QoQ in CC terms. We expect IT Services EBIT margins to remain flattish sequentially, despite one-month impact of salary hike. Overall EBITM to remain flattish QoQ.”
Key things to watch out for:
i) Q3FY25 outlook – we expect -1 to 1% revenue growth guidance; ii) Management commentary on – 1) anticipated impact of furloughs and elections on Q3 growth, 2) demand trends in key verticals like BFSI, Consumer, Communications, Technology, Manufacturing, Healthcare, and E&U, 3) Capco/consulting business growth momentum and any signs of improvement in discretionary spending, 4) attrition trends and hiring plan, 5) deal intake/pipeline, trends seen in base business leakage, update on ramp-ups of recently won large deals, 6) change in deal pipeline composition in terms of cost takeouts vs discretionary/transformational spends and the company’s ability to participate effectively to retain/capture wallet share, 7) capital allocation.
Further, JM Financial said, “We expect cc revenue growth to be flat sequentially, ~30bps cross currency tailwind should result in a 0.3% QoQ USD revenue growth for IT Services. We expect growth in BFSI (especially US) to offset by sustained weakness in E&U; We have not built meaningful contribution from USD 500mn Telecom deal in 2Q. We have built in 1 month of wage hike (effective 1St Sep). However, operational efficiencies and favourable FX will likely aid 35bps sequential expansion in EBIT margin to 16.8%.”
The brokerage firm expects Wipro to guide for a -1 to +1% QoQ cc growth in 3QFY25.
From: financialexpress
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