Wipro Limited — Q2 FY24
Wipro's Q2 FY24 results reflect a challenging demand environment with IT services revenue declining 2% QoQ in constant currency, at the lower end of guidance.
bearish
high
✓ Verified against BSE filing
Indian management teams deliver on roughly 12% of specific earnings-call promises. A low score does not indicate dishonesty — it reflects how aspirational forward guidance typically is.
Q1 FY24
Q2 FY24 constant currency revenue growth of -2% to +1% sequentially
Management expects Q2 revenue to decline 2% to grow 1% sequentially in constant currency, reflecting ongoing macro uncertainty.
Missed
Current-quarter commentary contains related risk or weakness, so the promise appears not to have been delivered yet.
heuristic_v1
Q1 FY24
Q2 FY24 margins expected to be in similar range as recent quarters
Operating margins are expected to remain around 16% in Q2, similar to Q1, with no salary increases planned until Q3.
Missed
Current-quarter commentary contains related risk or weakness, so the promise appears not to have been delivered yet.
heuristic_v1