IT player Wipro will release its first-quarter results of the financial year 2021 on July 14.While the numbers are expected to show the pressure of coronavirus pandemic, investors will focus on the commentary on margin and the road ahead of the company.Brokerages are of the view that the company’s order pipeline and indication on return to normalcy on the pace of decision making, the magnitude of pricing pressure, levers to defend operating margin, the magnitude of cut in variable compensation and path to achieving industry matching performance will be in the focus of investors.Close As per the estimates of Kotak Institutional Equities, Wipro may report a sequential revenue decline of 7.6 percent in constant currency (CC) and cross-currency headwind of 50 bps. related news Wipro has no layoff plans: Chairman Rishad Premji Wipro CEO Thierry Delaporte says profitability, regaining momentum in market top priorities TCS Q1 Preview: Look out for trends in verticals, pricing pressure, deal pipeline The brokerage expects revenue decline will be broad-based and particularly high in the consumer vertical and include the impact of both demand and supply-side factors.”We expect a sharp revenue contraction of 10 percent quarter-on-quarter (QoQ) in the BPO service offering as approvals to… Read full this story
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