Wipro Q2 preview points to weak organic growth and guidance focus
In short
Wipro’s Q2 preview says its constant-currency growth may be negative this quarter, even after a 60 to 80 basis-point lift from Mindsprint and AlphaNet Consulting.
Analysts still expect revenue to rise nearly 8% year on year and EBIT to grow in single digits. The big unknown is Wipro’s guidance and whether the final results match these estimates.
What the reporting says
Wipro’s Q2 preview suggests constant-currency growth could be negative despite a 60 to 80 basis-point contribution from Mindsprint and AlphaNet Consulting. Analysts also expect nearly 8% year-on-year revenue growth and single-digit EBIT growth for the quarter under review. The immediate focus is on guidance, while the final results and actual growth figures are still unknown.
Why it matters
Wipro’s Q2 results preview points to negative constant-currency growth even after a 60 to 80 basis-point boost from Mindsprint and AlphaNet Consulting. Analysts expect nearly 8% year-on-year revenue growth and single-digit EBIT growth for the quarter under review. The market focus is on Wipro’s guidance, but the final reported numbers are not yet stated in the available reporting.