Wipro jumps ahead of Q4 results. Here's what analysts say :

Wipro jumps ahead of Q4 results. Here's what analysts say


Wipro jumps ahead of Q4 results. Here's what analysts say
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Last Updated: Apr 15, 2021, 11:47 AM IST
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Salary hikes during the quarter may hurt margins, but a favourable currency tailwind could help offset it, to an extent, analysts said.
Wipro is scheduled to report its financial results for the January-March period later in the day.
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NEW DELHI: Even as Infosys and Tata Consultancy Services' March quarter earnings failed to surprise Dalal Street, Wipro shares climbed 3 per cent on Thursday trade ahead of the company's Q4 earnings.
The IT firm is expected to clock flat QoQ growth in profit for the March quarter,through growth could still be as high as 26-32 per cent on a year-on-year (YoY) basis. Revenues are seen rising 3 per cent both on sequential and year-on-year bases. Salary hikes during the three-month period may dent the IT major's margins, but a favourable currency tailwind could help the company offset those to an extent, according to analysts.

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