Key Points
Analysts expect Wipro's sequential revenue to decline but utilization to improve in Q2 FY 24...
Another quarter of sequential decline, we forecast revenue to decline 1 per cent CC QoQ in Q2, closer to the lower end of the companys guided range, analysts at IIFL Securities noted...
We expect the company to give (-)2 per cent to 1 pr cent QoQ growth guidance for 3QFY24, analysts at Nirmal Bang said in their report..
Wipro did not announce any large deals in Q2 FY 24, but analysts expect the Total Contract Value (TCV),the lifetime value of a contract, to remain above $3 billion...
In terms of TCV, Wipro has been delivering $3 billion+ for the last three consecutive quarters and we expect TCV to not fall below $3 billion, although there have not been any large deal announcements this quarter, analysts at Nirmal Bang said...
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