Wipro’s Q1 revenue seen flat, but analysts optimistic about future growth

Wipro is likely to see flat sequential revenue growth in the quarter ended June, but the topline is expected to surpass the midpoint of its guidance range of (-1.5%) to 0.5%, analysts said. Many industry analysts believe the worst is behind the company and have provided a cautiously optimistic outlook regarding Wipro’s performance.

Five brokerage firms, on average, expect Wipro’s revenue to rise marginally to Rs 22,261 crore in April-June from Rs 22,208.3 crore in the March quarter. The company is set to announce its Q1 earnings on July 19.