The weakness in consulting indicates that Wipro may not succeed in delivering industry-leading growth aspirations at least in the near to medium term
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PRO Only Highlights
– Quarterly performance largely backed by improved realisations
– Medium-term triggers China plus and protectionist measures for tyre industry
– Valuations not inexpensive; but improved medium-term outlook
– Quarterly performance largely backed by improved realisations
– Medium-term triggers China plus and protectionist measures for tyre industry
– Valuations not inexpensive; but improved medium-term outlook
Highlights Revenue aided by inorganic moves, outlook for Q3 muted Slight uptick in margin, no magic expected in near term Order flow decent, commentary strong Attrition falling, net hiring weak Macro slowdown impacting consulting, so earnings trajectory to remain uninspiring Like its peers that have announced earnings so far, Wipro (CMP: Rs 408, Market Cap: Rs 225,928 crore) reported a steady top-line performance, a slight uptick in margin, decent order inflow, muted addition to employee but falling attrition, and, above all, a very strong commentary…
