Wipro unlikely to see impact of coronavirus outbreak in March quarter

Discretionary spend by the clients take a hit during slowdowns or uncertain business environment, as such spends are largely under the discretion of the clients

IT services firm Wipro is unlikely to witness any major impact of the coronavirus pandemic in its March quarter performance. 

According to a report by brokerage firm ICICI Securities, the company’s top line growth in the Q4FY20 is expected to be within its guided range of 0-2 per cent, as its existing book of business is expected to remain unaffected.

The growth, however, is likely to taper off in the Q1 of FY21, partly as an anticipated slower spending by the clients is expected to affect the new businesses that would have added incremental revenues. “However, we expect revenue guidance