Wipro Expects Q1 IT Services Business Segment Revenue of $2.617B-$2.670B Vs Total Revenue Consensus of $2.69B
Portfolio Pulse from Benzinga Newsdesk
Wipro forecasts its Q1 IT Services business segment revenue to be between $2.617B and $2.670B, which is below the total revenue consensus of $2.69B. The company expects a sequential change of -1.5% to +0.5% in constant currency terms for the quarter ending June 30, 2024.
April 19, 2024 | 10:53 am
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NEGATIVE IMPACT
Wipro expects its Q1 IT Services revenue to fall short of the consensus, with a forecast range of $2.617B to $2.670B and a sequential change of -1.5% to +0.5% in constant currency.
Wipro's forecasted revenue for its IT Services business segment is below the total revenue consensus, indicating a potential negative impact on investor sentiment and possibly the stock price in the short term. The expected sequential change in constant currency terms further emphasizes the cautious outlook.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100