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Infosys, Wipro growth likely to be flat
The Morning Standard
|April 17, 2024
THOUGH IT services company Tata Consultancy Services (TCS) posted a better-than-expected results and reported a 9% increase in its consolidated net profit for the fourth quarter, its peer Infosys is expected to report only 0.3% quarter-onquarter revenue growth and Wipro is expected to post revenue degrowth of 0.1% sequentially in rupee terms.
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Axis Securities expects the Infosys management to give 4.5% to 6% revenue growth guidance for FY25E. Also, margins are likely to expand marginally because of lower operating expenses.
The second-largest IT services company, Infosys, will announce its results for the March 2024 quarter on April 18, and Wipro will announce earnings on April 19. The brokerage expects Wipro's operating margins to expand on account of lower onsite expenses.
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