19 April, 2014 00:05 IST
News
Limited room for earnings upgrade for Wipro: Rumit Dugar
Source: IRIS (18-JAN-13)
Comments  |  Post Comment

Wipro, India's third largest software services firm, posted better than expected results for the quarter ended Dec. 31, 2012. Consolidated earnings grew at 6.57% sequentially and 17.85% on year-on-year basis to Rs 17.16 billion. Analysts had on an average expected profit of Rs 16.33 billion. Total income, on the other hand, rose 3.36% sequentially and 11.11% on year-on-year basis to Rs 113.11 billion.

Commenting to the resulta Rumit Dugar, IT and telecom sector research analyst, Religare Capital Markets, said, 'Overall a mixed quarter from Wipro, with (Q,N,C,F)* revenues coming inline largely due to pricing, but volume de-growth is a soft. The volume growth has been lower than the peer group. Additionally, guidance range for the next quarter is a wide at 0.5%-3% growth and is suggests that volume outlook is uncertain. We see limited room for EPS upgrades on the stock.'

Disclaimer: IRIS has taken due care and caution in compilation of data for its web site. Information has been obtained by IRIS from sources which it considers reliable. However, IRIS does not guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information. IRIS especially states that it has no financial liability whatsoever to any user on account of the use of information provided on its website.


News
Reliance reports marginal increase in Q4 profit - 18-Apr-2014 18:17
CARE assigns ' BBB (SO)' to Jet Airways - 18-Apr-2014 16:17
CARE reaffirms 'BBB+ (Is)' to Ashiana Housing - 18-Apr-2014 16:10
CARE reaffirms 'AA+' to M&M - 18-Apr-2014 16:05
Chakan plant workers stoppage work is not strike: Bajaj Auto - 18-Apr-2014 15:57
FIIs cut stake in SAIL during March quarter - 18-Apr-2014 15:25
FIIs cut stake in Wockhardt during March quarter - 18-Apr-2014 14:46
FIIs cut stake in PNB during March quarter - 18-Apr-2014 14:29
Alstom bags 30 mn Euro contract from BHEL - 18-Apr-2014 13:40
CARE reaffirms 'A-' to Hatsun Agro Product - 18-Apr-2014 13:04
FIIs hike stake in Dr Reddy`s Lab during March quarter - 18-Apr-2014 12:49
more...
* Q - Quote , N - News , C - Chart , F - Financials
Comments Post comment 
 Post Comment
Name Email
Comment
Security Code type   6jc2q2 into this box
Home  |   Shares  |   F&O  |   Mutual Funds  |   Loans  |   Insurance  |   News Centre
Wealth Tracker  |   Newsletters  |   Tax Corner  |   NRI Centre  |   Forums  |   E-mail  |   Advertise
© All rights reserved. IRIS Business Services Limited
A Disclaimer