Wipro: Margin Headwinds Cloud The Upside Potential [Seeking Alpha]
Infosys Limited American Depositary Shares (INFY)
Last infosys limited american depositary shares earnings: 4/21 04:00 pm
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US:NASDAQ Investor Relations:
infosys.com/investors
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Source: Seeking Alpha
SummaryEncouragingly, Wipro sees the steady growth in FQ2 continuing into FQ3 as well.However, margins are a concern, with wage pressure ahead and new management looking to kickstart growth.Following the massive YTD run, I see limited upside relative to large-cap peers such as Infosys.Wipro (WIT(NYSE:INFYOTCPK:TTNQYRelative to its peers, I continue to expect below-average earnings growth, and therefore, I believe a discount to the Infosys multiple is fair. Hold.Volume-Led Growth in FQ2 to Sustain into FQ3Growth in FQ2 was led by a pickup in volumes across new and existing customers, while the benefit from the reversal of supply-side issues was marginal. The robust deal pipeline means the FQ2 strength should sustain in FQ3 as well, underpinning the better-than-expected c. 1.5-3.5% Q/Q growth outlook (including c. 50bps inorganic benefit).Source:Wipro FQ2 Presentation SlidesOf its key verticals, the financial services sector is likely to be impacted in FQ3 due to furloughs, but manageme
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News
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INFY
Earnings
- 4/19/24 - Beat
INFY
Sec Filings
- 4/24/24 - Form 6-K
- 4/18/24 - Form 6-K
- 4/2/24 - Form 6-K
- INFY's page on the SEC website