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Wipro to kick-start IT earnings season on April 15 with Q4 results

TCS will hold its board meet the next day (April 16) for approval of its financial statements

Wipro
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Among global IT biggies, Cognizant has already withdrawn its annual revenue guidance for 2020 in light of the coronavirus-induced global crisis and the resultant uncertainty in business outlook

Debasis Mohapatra Bengaluru
IT services major Wipro will kick-start earnings season for the IT industry next week. This had so far been done by its larger peers — Tata Consultancy Services (TCS) and Infosys.

While Wipro will announce its fourth quarter (Q4) results along with annual financial statements on April 15, market leader TCS will hold its board meet the next day (April 16) for approval of its financial statements. Infosys is yet to inform investors the date it will announce its Q4 earnings.

Though making Q4 results public before its competitors doesn’t hold much significance, sources said Wipro is likely to announce the