Wipro Limited — Q3 FY24
Wipro delivered a strong Q3 FY24 with constant currency revenue growth of 3% QoQ and 27.5% YoY, driven by broad-based demand across markets and service lines.
bullish
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.
Q2 FY24
Q3 FY24 revenue guidance: -3.5% to -1.5% QoQ in constant currency
IT services revenue expected between $2.617B and $2.672B, reflecting furloughs and weak discretionary spend.
Missed
Current-quarter commentary contains related risk or weakness, so the promise appears not to have been delivered yet.
heuristic_v1
Q2 FY24
Margins expected to remain range-bound
Despite wage hikes from December and softer revenue, management aims to keep margins within recent quarters' band.
Missed
Current-quarter commentary contains related risk or weakness, so the promise appears not to have been delivered yet.
heuristic_v1