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.
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