Wipro Limited Expects Q4 IT Services Business Segment Revenue of $2.615B-$2.669B, or (-1.5)%-(+0.5)% QoQ in Constant Currency
Portfolio Pulse from Benzinga Newsdesk
Wipro Limited forecasts its Q4 IT Services business segment revenue to be between $2.615 billion and $2.669 billion, indicating a potential quarterly change of -1.5% to +0.5% in constant currency terms.
January 12, 2024 | 10:41 am
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NEUTRAL IMPACT
Wipro Limited expects its Q4 IT Services revenue to range from $2.615B to $2.669B, a slight change of -1.5% to +0.5% from the previous quarter in constant currency.
The projected revenue range suggests a relatively stable performance for Wipro's IT Services in Q4, with a slight potential for both decrease and increase. This stability in guidance is likely to have a neutral impact on the stock price in the short term, as investors may have anticipated such results. The importance is rated high due to the focus on the IT Services segment, which is a significant part of Wipro's business. The confidence level is high as the information comes directly from the company, providing clear guidance for the upcoming quarter.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100