The major disppointment came in the form of muted revenue guidance of 0.0-2.0 per cent for Q2FY20, implying 0-2 per cent quarter-on-quarter (QoQ) growth at the lower end and upper end, respectively.
Revenue for the period came in at Rs 14,716.1 crore, up 5.28 per cent YoY.
The company had reported a net profit of Rs 2,099 crore during Q1FY19, with a gross revenue of Rs 13,980 crore. It had given a revenue growth guidance of +/- 1 per cent for the June 2019 quarter
Separation of India unit, revenue flow from Alight deal lift bottom line, margins
The company also announced one bonus shares for every three held.
Wipro had announced a bonus issue of 1:1 in April 2017
Slowdown in communication vertical coupled with insolvency of two of its clients dragged its performance
Total income was down 4.9 per cent at Rs 143.04 billion in the fourth quarter of last fiscal, compared to Rs 150.45 billion in the January-March period of 2016-17