Wipro's management seems to have finally done away with the word ‘caution’. The country’s third largest IT exporter reported a robust quarter
to December 2009 fuelled by higher utilisation and better business volumes on similar lines to its closest peers TCS and Infosys.
However, what set its results apart from those of TCS and Infosys is a strong sense of future business momentum. Wipro said that it expects dollar revenue to grow by as much as 5% sequentially in the next quarter given the growth across most of its business verticals.
In sharp contrast, Infosys guided for a marginal 1.5% sales growth on the higher side of estimates. TCS, which does not offer guidance, continued to caution against a slower pick-up in demand. This is despite a strong sequential growth of over 7% in dollar sales from both the players in the quarter to December.
Source : http://economictimes.indiatimes.com/news/news-by-company/earnings/Salary-hikes-likely-to-impact-operating-margins-of-Wipro/articleshow/5482781.cms
to December 2009 fuelled by higher utilisation and better business volumes on similar lines to its closest peers TCS and Infosys.
However, what set its results apart from those of TCS and Infosys is a strong sense of future business momentum. Wipro said that it expects dollar revenue to grow by as much as 5% sequentially in the next quarter given the growth across most of its business verticals.
In sharp contrast, Infosys guided for a marginal 1.5% sales growth on the higher side of estimates. TCS, which does not offer guidance, continued to caution against a slower pick-up in demand. This is despite a strong sequential growth of over 7% in dollar sales from both the players in the quarter to December.
Source : http://economictimes.indiatimes.com/news/news-by-company/earnings/Salary-hikes-likely-to-impact-operating-margins-of-Wipro/articleshow/5482781.cms
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