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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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Synopsis
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 ....

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