Wipro Expects Q2 IT Services Business Segment Revenue of $2.600B-$2.652B Vs Total Revenue Consensus of $2.67B
Portfolio Pulse from Benzinga Newsdesk
Wipro expects its Q2 IT Services business segment revenue to be between $2.600 billion and $2.652 billion, slightly below the total revenue consensus of $2.67 billion. This represents a sequential guidance range of -1.0% to +1.0% in constant currency terms.
July 19, 2024 | 11:43 am
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Wipro's Q2 IT Services revenue guidance of $2.600B-$2.652B is slightly below the consensus of $2.67B, indicating potential revenue challenges.
Wipro's revenue guidance for its IT Services segment is slightly below market expectations, which could lead to a negative short-term impact on its stock price as investors may perceive this as a sign of potential revenue challenges.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100