Friday, 16 January 2015

All eyes on Wipro Q3 numbers; will the company deliver?

After the better than expected performance of Infosys and not-so impressive numbers from Tata Consultancy Services (TCS), all eyes are now on Wipro, whose performance has been quite patchy in the last several quarters.

For example, after showing a healthy set of numbers in the fourth quarter (Q4) of FY14, the company could not continue with the same. Its numbers in the quarter ended June 30, 2014 (Q1FY15) was mostly in line with estimates. But it disappointed again in the next quarter (Q2FY15) when the IT services business missed the street’s estimates, with several key verticals showing sequential decline in growth.

The Q3 of FY15 is going to be a crucial quarter for the company. It has given a wide range of growth of 2-4% for its IT services business revenues. But its guidance for the Q4 of the fiscal will also be keenly watched. This is primarily because the company has earlier stated that it was expecting FY15 to be a better year than FY14. 
 

No comments:

Post a Comment