Wipro Q1FY19 preview: Profit outlook, commentary on healthcare vertical key

In the previous quarter, Wipro reported a decline in its net profit by 20.5 per cent y-o-y, missing analyst estimates.

After TCS surprised the Street by reporting better-than-expected numbers in the first quarter of the financial year 2018-19 (Q1FY19), and Infosys’ in-line performance for the same quarter, investors now await Wipro to report its numbers. The IT major is scheduled to announce its results for the June quarter (Q4FY19) post market hours today.

In the previous quarter, Wipro reported a decline in its net profit by 20.5 per cent year-on-year (y-o-y), missing analyst estimates to Rs 18 billion, as it made provisions for an insolvent client and an impairment loss in one of its acquisitions.

Analysts see the company continuing