Tue. Apr 23rd, 2019

Wipro share price: Wipro shares edge up ahead of Q4 earnings

NEW DELHI: Shares of Wipro climbed 1 per cent in morning trade on Tuesday ahead of its fourth-quarter earnings.

The IT player is likely to report a 1-1.9 per cent quarter-on-quarter (QoQ) growth in constant currency (CC) revenues on the back of digital tailwinds, analysts estimate.

Kotak Institutional Equities sees the constant currency revenue growth rate of 1.5 per cent, whereas Edelweiss expects the software major to post 1 per cent QoQ revenue growth in CC terms.

Other than the numbers, commentary on financial services vertical, the sustainability of margin, capital allocation, the quantum of a likely buyback and performance of the acquired entities will be keenly watched.

Brokerages are widely expecting the IT major to guide to 0.5-2.5 per cent revenue growth for the June 2019 quarter.

Shares of the company traded 0.73 per cent up at Rs 290.25 apiece around 9:30 am.

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