NDTV Profit'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 NDTV Profit's subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Prabhudas Lilladher Report
Wipro Ltd. reported IT Services revenue of $2.6 billion in Q1 FY25, down 1% QoQ in constant currency terms and 1.2% QoQ in reported terms, below our estimates of 0.5% QoQ decline and below consensus of flattish growth.
Although the green shoots in banking, financial services and insurance and Capco continued, the decline in other segments was steeper, which drag the revenue performance.
Despite the revenue decline intensity being higher than anticipated, IT Services Ebit margin remained steady at 16.5% (in line with our and consensus estimates), aided by improved utilisation and pyramid optimization.
The Q2 revenue guidance of -1% to +1%, implies flat QoQ at the mid-range, accounting for ramp-up of the large telecom deal (NN) and anticipated improvement within a few pockets.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. NDTV Profit 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 NDTV Profit.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
