2 years, 8 months ago

Wipro’s attrition eased in Q1, but there are other concerns

Shares of of tier-I IT services firm Wipro Ltd. traded flat in opening deals on Thursday on the National Stock Exchange, following the company's June quarter earnings, announced after market hours on Wednesday. Unlike many other peers, Wipro's last twelve months attrition fell 50bps sequentially to 23.3% and the management expects it to stabilise in the coming quarters. Analysts caution that it's consulting business segment could get impacted by the uncertain global economic scenario, thus hurting revenue growth. "With continued concerns on the macroeconomic environment, we see Wipro’s Consulting exposure as a potential risk to both growth and profitability," said analysts at Motilal Oswal Financial Services Ltd.

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Wipro posts upbeat Q2 guidance at 3-5%; Q1 net profit down 21%
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Wipro posts upbeat Q2 guidance at 3-5%; Q1 net profit down 21%

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Should you invest in Wipro shares after Q1 financial performance?
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Should you invest in Wipro shares after Q1 financial performance?

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