Wipro Q1 results preview: Net profit may rise 4% year-on-year; revenue to fall due to continued weakness in verticals

IT services company Wipro is expected to report muted revenues for the first quarter ended June 2024, mainly due to macro impact and continued softness in verticals.

Revenue for the first quarter is likely to decline 2% year-on-year, according to an average estimate of four brokerages. Meanwhile net profit is seen growing around 4% year-on-year.