Wipro's Revenue Guidance Seems Weak Despite Strong Deal Wins -- Market Talk

Dow Jones
04/17

0530 GMT - Wipro's revenue guidance seems weak despite strong deal wins, HDFC Securities analysts say in a research report. The Indian company has guided for on-quarter revenue growth of -2%-0% for 1Q FY2027 in constant currency terms, the analysts note. Revenue softness stems from factors including a delayed ramp-up of large-sized deals and a persistent customer-specific issue, the analysts say. The brokerage lowers its EPS estimates for the technology services provider by 3% for FY2027 and by 2% for FY2028. It trims the stock's target price to 215.00 rupees from 225.00 rupees with an unchanged add rating. Shares are 2.5% lower at 204.90 rupees. (ronnie.harui@wsj.com)

 

(END) Dow Jones Newswires

April 17, 2026 01:30 ET (05:30 GMT)

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