Wipro, India’s third-largest information technology (IT) services firm, may surprise the streets with poor profit and organic revenue growth numbers for the fourth quarter of FY17.
The Bengaluru-based company, which is chasing a target of $15 billion revenue and 23 per cent operating margin by 2020, may see up to 15 per cent decline in net profit on year-on-year basis due to decline in other income and Rupee appreciation, say market analysts.
While its cross-town rival Infosys has guided for 6.5-8.5 growth in FY18 despite stable number in Q4, brokerage firms say Wipro is expected to guide between 1 and