Wipro Expected To Report A Rupee Revenue Growth Of 5.3% In Q2 Fy23 | ET Now | Latest News
2Wipro is expected to report a rupee revenue growth of 5.3% in Q2 Fy23. The top line would be boosted by inorganic contribution from the full impact of Rising and Convergence acquisitions. Constant currency growth is expected at 4% within the guided band of 3-5% growth in Q2. The margins are expected to improve marginally by 20 bps as one month's impact of wage hikes limits expansion. Additionally, any tailwind from currency depreciation is likely to be offset by travel costs and supply-side issues. The street will also wait to gauge management commentary on Q3 guidance, demand environment, and headcount trends, in addition, to deal win momentum.
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