Business Standard

Cautious on Wipro post Q3 results: Sharekhan

Sanjeev Hota, assistant vice-president (IT) at Sharekhan spoke to Aastha Agnihotri on his views on Wipro's results

Related News

Sanjeev Hota, assistant vice-president (IT) at Sharekhan spoke to Aastha Agnihotri on his views on Wipro after India's third-largest software services provider, joined the elite club of Tata Consultancy Services, and HCL Technologies in posting better-than-expected results today.


What is your view on Wipro Q3 results? Were the numbers in-line with your expectations?

Wipro posted decent set of numbers, which were broadly in-line with our expectations. Its consolidated revenue was up 10% as expected and software services guidance of close to 3.4%. Also, there was improvement in top-line growth and EBIDTA margins. But overall there was no big surprise in the earnings.

Last quarter, their guidance was up by 250-300 basis points (bps), while this time they have guided for just 150 basis points uptick. This implies though the company is very bullish of the growth environment, it sees some weakness in coming quarters. I would be cautious on Wipro.

How would you compare the results of Wipro with other peers such as Infosys, Tata Consultancy Services and HCL Technologies which reported better-than-expected performance in third quarter. Is this trend here to stay for long?

I'm not very positive on Wipro and I think it still lags as compared to other industry peers. I was really surprised by the earnings of HCL Technologies as it surpassed all expectations. Its volume growth was the key contributor to the stellar performance in third quarter.

was broadly in-line and its margins met street expectations like every other quarter. October – December period was a turnaround quarter for Infosys. We believe that this trend is here to stay and momentum will continue in coming quarters.



Click here for the full transcript

Read more on:   
|
|
|
|

Read More

Get locked into fixed products

There is a small window till March-end. After that, liquidity will ease and banks might not be so benevolent

Quick Links

 

Market News

Debt mutual funds see outflow of Rs 67,000 cr in Sept

In comparison, equity mutual fund schemes attracted a net amount of Rs 7,789 crore during the month

FMC takes fresh measures to boost liquidity in commodity market

It has also directed bourses to disclose open position limits of top 10 trading clients including hedgers on their website

Comexes look forward to better times

NCDEX has seen volumes surge 15%

Oil resumes slide in Asian trade

Investors wait for more signs of economic growth in Europe

Markets closed on account of Diwali Balipratipada

Indian equity, forex, money and commodity markets are shut today on account of Diwali Balipratipada.

Back to Top