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Wipro Q1FY20 preview: Analysts see modest revenue growth, EBIT margin dip

The company had reported a net profit of Rs 2,099 crore during Q1FY19, with a gross revenue of Rs 13,980 crore. It had given a revenue growth guidance of +/- 1 per cent for the June 2019 quarter

Abidali Neemuchwala, CEO of Wipro. Photo: PTI
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Abidali Neemuchwala, CEO of Wipro. Photo: PTI

Nikita Vashisht New Delhi
Wipro, India’s fourth largest software company, is scheduled to release its April - June 2019 quarter results (Q1FY20) on July 17 and analysts expect a moderate revenue growth along with a fall in the earnings before interest and taxes (EBIT) margin.

The company had reported a net profit of Rs 2,099 crore during Q1FY19, with a gross revenue of Rs 13,980 crore. It had given a revenue growth guidance of +/- 1 per cent for the June 2019 quarter.

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Here is what leading brokerages expect from